Westinghouse Air Brake Technologies Corp [NYSE: WAB] loss -9.06% or -18.85 points to close at $189.27 with a heavy trading volume of 4112632 shares.
The daily chart for WAB points out that the company has recorded 21.79% gains over the past six months.
If we look at the average trading volume of 1.01M shares, WAB reached to a volume of 4112632 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Westinghouse Air Brake Technologies Corp [WAB]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WAB shares is $221.00 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 1.62. 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.
TD Cowen have made an estimate for Westinghouse Air Brake Technologies Corp shares, keeping their opinion on the stock as Hold, with their previous recommendation back on April 25, 2024. While these analysts kept the previous recommendation, TD Cowen raised their target price from $125 to $130. The new note on the price target was released on February 15, 2024, representing the official price target for Westinghouse Air Brake Technologies Corp stock. Previously, the target price had yet another raise to $135, while Redburn Atlantic analysts kept a Neutral rating on WAB stock. On January 16, 2024, analysts increased their price target for WAB shares from 128 to 150.
The Average True Range (ATR) for Westinghouse Air Brake Technologies Corp is set at 5.15, with the Price to Sales ratio for WAB stock in the period of the last 12 months amounting to 3.13. The Price to Book ratio for the last quarter was 3.17, with the Price to Cash per share for the same quarter was set at 4.16. Price to Free Cash Flow for WAB in the course of the last twelve months was 20.37 with Quick ratio for the last quarter at 0.69.
Trading performance analysis for WAB stock
Westinghouse Air Brake Technologies Corp [WAB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.67. With this latest performance, WAB shares dropped by -1.34% in over the last four-week period, additionally plugging by 21.79% over the last 6 months – not to mention a rise of 38.48% 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 32.99, with the RSI for the last a single of trading hit 24.38, and the three-weeks RSI is set at 38.50 for Westinghouse Air Brake Technologies Corp [WAB]. The present Moving Average for the last 50 days of trading for this stock 199.66, while it was recorded at 204.01 for the last single week of trading, and 178.84 for the last 200 days.
Westinghouse Air Brake Technologies Corp [WAB]: A deeper dive into fundamental analysis
Westinghouse Air Brake Technologies Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.69 and a Current Ratio set at 1.30.
Westinghouse Air Brake Technologies Corp [WAB]: An earnings per share (EPS) analysis
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 Westinghouse Air Brake Technologies Corp go to 12.85%.
An analysis of Institutional ownership at Westinghouse Air Brake Technologies Corp [WAB]
There are presently around $94.62%, or 96.34%% of WAB stock, in the hands of institutional investors. The top three institutional holders of WAB stocks are: VANGUARD GROUP INC with ownership of 19.63 million shares, which is approximately 11.1238%. BLACKROCK INC., holding 15.1 million shares of the stock with an approximate value of $$2.39 billion in WAB stocks shares; and BLACKROCK INC., currently with $$1.33 billion in WAB stock with ownership which is approximately 4.7649%.
