Wabtec Corporation [NYSE: WAB] slipped around -1.65 points on Wednesday, while shares priced at $61.23 at the close of the session, down -2.62%. Wabtec Corporation stock is now -21.30% down from its year-to-date (YTD) trading value. WAB Stock saw the intraday high of $63.52 and lowest of $61.135 per share. The company’s 52-week high price is 81.75, which means current price is +74.59% above from all time high which was touched on 02/06/20.
Compared to the average trading volume of 1.66M shares, WAB reached a trading volume of 1184396 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Wabtec Corporation [WAB]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WAB shares is $68.40 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WAB stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Goldman have made an estimate for Wabtec Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 03, 2020. While these analysts kept the previous recommendation, Cowen raised their target price from $65 to $67. The new note on the price target was released on May 13, 2020, representing the official price target for Wabtec Corporation stock. Previously, the target price had yet another raise to $77, while Morgan Stanley analysts kept a Overweight rating on WAB stock. On January 02, 2020, analysts increased their price target for WAB shares from 86 to 95.
The Average True Range (ATR) for Wabtec Corporation is set at 3.12, with the Price to Sales ratio for WAB stock in the period of the last 12 months amounting to 1.34. The Price to Book ratio for the last quarter was 1.20, with the Price to Cash per share for the same quarter was set at 3.28. Price to Free Cash Flow for WAB in the course of the last twelve months was 18.51 with Quick ratio for the last quarter at 0.80.
How has WAB stock performed recently?
Wabtec Corporation [WAB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.10. With this latest performance, WAB shares gained by 8.10% in over the last four-week period, additionally sinking by -18.10% over the last 6 months – not to mention a drop of -12.34% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WAB stock in for the last two-week period is set at 51.01, with the RSI for the last a single of trading hit 45.81, and the three-weeks RSI is set at 51.45 for Wabtec Corporation [WAB]. The present Moving Average for the last 50 days of trading for this stock 57.08, while it was recorded at 61.35 for the last single week of trading, and 67.38 for the last 200 days.
Wabtec Corporation [WAB]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Wabtec Corporation [WAB] shares currently have an operating margin of +11.35 and a Gross Margin at +25.34. Wabtec Corporation’s Net Margin is presently recorded at +3.97.
Return on Total Capital for WAB is now 8.69, given the latest momentum, and Return on Invested Capital for the company is 3.08. Return on Equity for this stock inclined to 5.08, with Return on Assets sitting at 2.36. When it comes to the capital structure of this company, Wabtec Corporation [WAB] has a Total Debt to Total Equity ratio set at 47.23. Additionally, WAB Total Debt to Total Capital is recorded at 32.08, with Total Debt to Total Assets ending up at 24.82. Long-Term Debt to Equity for the company is recorded at 45.73, with the Long-Term Debt to Total Capital now at 31.06.
Reflecting on the efficiency of the workforce at the company, Wabtec Corporation [WAB] managed to generate an average of $11,844 per employee. Receivables Turnover for the company is 5.83 with a Total Asset Turnover recorded at a value of 0.59.Wabtec Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 1.40.
Earnings analysis for Wabtec Corporation [WAB]
With the latest financial reports released by the company, Wabtec Corporation posted 1.06/share EPS, while the average EPS was predicted by analysts to be reported at 0.97/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 9.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WAB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Wabtec Corporation go to 7.30%.
Insider trade positions for Wabtec Corporation [WAB]
There are presently around $11,007 million, or 93.60% of WAB stock, in the hands of institutional investors. The top three institutional holders of WAB stocks are: VANGUARD GROUP INC with ownership of 20,195,544, which is approximately 2.316% of the company’s market cap and around 0.70% of the total institutional ownership; BLACKROCK INC., holding 11,658,946 shares of the stock with an approximate value of $733.12 million in WAB stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $729.45 million in WAB stock with ownership of nearly -20.528% of the company’s market capitalization.
Positions in Wabtec Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 266 institutional holders increased their position in Wabtec Corporation [NYSE:WAB] by around 16,265,688 shares. Additionally, 458 investors decreased positions by around 27,971,796 shares, while 114 investors held positions by with 130,816,043 shares. The mentioned changes placed institutional holdings at 175,053,527 shares, according to the latest SEC report filing. WAB stock had 67 new institutional investments in for a total of 7,344,347 shares, while 153 institutional investors sold positions of 8,411,398 shares during the same period.