Westinghouse Air Brake Technologies Corp (WAB) is Initiated by CLSA to Buy

Westinghouse Air Brake Technologies Corp (WAB) was Initiated by CLSA to “Buy”. CLSA advised their investors in a research report released on Sep 30, 2016.

Many Wall Street Analysts have commented on Westinghouse Air Brake Technologies Corp. Deutsche Bank Initiated Westinghouse Air Brake Technologies Corp on Sep 7, 2016 to “Buy”, Price Target of the shares are set at $90.Shares were Reiterated by Wunderlich on Jul 25, 2016 to “Buy” and Lowered the Price Target to $ 100 from a previous price target of $115 .

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 closed down -0.47 points or -0.60% at $78.27 with 10,23,372 shares getting traded on Tuesday. Post opening the session at $78.52, the shares hit an intraday low of $77.68 and an intraday high of $78.89 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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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