Westinghouse Air Brake Technologies (WAB) Gets a Hold from J.P. Morgan
J.P. Morgan analyst Tami Zakaria maintained a Hold rating on Westinghouse Air Brake Technologies today and set a price target of $290.00.
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According to TipRanks, Zakaria is a 5-star analyst with an average return of 14.1% and a 67.38% success rate. Zakaria covers the Industrials sector, focusing on stocks such as Oshkosh, Paccar, and ESAB Corporation.
In addition to J.P. Morgan, Westinghouse Air Brake Technologies also received a Hold from TipRanks – Anthropic’s Anthropic Railroads in a report issued yesterday. However, on the same day, TipRanks – Google reiterated a Buy rating on Westinghouse Air Brake Technologies (NYSE: WAB).
Based on Westinghouse Air Brake Technologies’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.97 billion and a net profit of $202 million. In comparison, last year the company earned a revenue of $2.58 billion and had a net profit of $212 million
Based on the recent corporate insider activity of 101 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, Sameer Gaur, the Pres., Global Freight Services of WAB sold 1,150.00 shares for a total of $302,013.00.
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