Westinghouse Air Brake Technologies Corp (WAB) is Reiterated by Wunderlich to Buy, Lowers Price Target to $ 100

Westinghouse Air Brake Technologies Corp (WAB) was Reiterated by Wunderlich to “Buy” while Lowering the Price Target of the company shares to $ 100 from a previous price target of $115 . Wunderlich advised their investors in a research report released on Jul 25, 2016.

On the company’s financial health, Westinghouse Air Brake Technologies Corp reported $1.05 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Jul 25, 2016. Analyst had a consensus of $1.08. The company had revenue of $723.60 million for the quarter, compared to analysts expectations of $804.16 million. The company’s revenue was down -14.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.04 EPS.

Westinghouse Air Brake Technologies Corp opened for trading at $70.97 and hit $71.7 on the upside on Wednesday, eventually ending the session at $71.46, with a gain of 0.72% or 0.51 points. The heightened volatility saw the trading volume jump to 7,69,372 shares. Company has a market cap of $6,439 M.

Investors should note that on May 11, 2016, Westinghouse Air Brake Technologies Corp announced a cash dividend of $0.1000. The company’s management has announced Aug 11, 2016 as the ex-dividend date and fixed the record date on Aug 15, 2016. The payable date has been fixed on Aug 29, 2016.

In a different news, on Nov 12, 2015, Steeg Nickolas Vande (director) purchased 6,470 shares at $77.38 per share price. According to the SEC, on Sep 1, 2015, Patrick D Dugan (Sr. VP, Chief Financal Officer) sold 13,530 shares at $96.67 per share price. On Aug 27, 2015, Raymond T Betler (President) sold 4,200 shares at $93.88 per share price, according to the Form-4 filing with the securities and exchange commission.

Westinghouse Air Brake Technologies Corporation (Wabtec) is a provider of technology-based products and services to freight rail and passenger transit industries. The Company’s products are used in locomotives freight cars subway cars and buses and other vehicles in United States and other countries across the world. The Company operates through two business segments: the Freight Segment and the Transit Segment. The Freight Segment manufactures and services components for new and existing locomotive and freight cars supplies railway electronics positive train control equipment signal design and engineering services builds switcher locomotives rebuilds freight locomotives and provides heat exchangers and cooling systems for rail and other industrial markets. The Transit Segment manufactures and services components for new and existing passenger transit vehicles such as subway cars and buses builds new commuter locomotives and refurbishes subway cars.

Westinghouse Air Brake Technologies Corp

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