Bank of America Securities Remains a Buy on Westinghouse Air Brake Technologies (WAB)
Bank of America Securities analyst Ken Hoexter maintained a Buy rating on Westinghouse Air Brake Technologies today and set a price target of $291.00.
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Hoexter covers the Industrials sector, focusing on stocks such as CSX, FedEx, and RXO, Inc.. According to TipRanks, Hoexter has an average return of 2.4% and a 50.80% success rate on recommended stocks.
In a report released on June 4, KeyBanc also reiterated a Buy rating on the stock with a $308.00 price target.
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 87 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. Earlier this month, Rafael Santana, the President & CEO of WAB sold 2,326.00 shares for a total of $607,910.01.
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