KeyBanc Sticks to Their Buy Rating for Westinghouse Air Brake Technologies (WAB)
KeyBanc analyst Steve Barger reiterated a Buy rating on Westinghouse Air Brake Technologies today and set a price target of $308.00.
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According to TipRanks, Barger is a 5-star analyst with an average return of 26.9% and a 67.91% success rate. Barger covers the Industrials sector, focusing on stocks such as Federal Signal, Lincoln Electric Holdings, and Park-Ohio Holdings.
Currently, the analyst consensus on Westinghouse Air Brake Technologies is a Strong Buy with an average price target of $298.70.
Based on Westinghouse Air Brake Technologies’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.95 billion and a net profit of $362 million. In comparison, last year the company earned a revenue of $2.61 billion and had a net profit of $322 million
Based on the recent corporate insider activity of 88 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WAB in relation to earlier this year. Last month, David Deninno, the Exec VP, GC, Sec of WAB sold 2,500.00 shares for a total of $663,675.00.
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