Citigroup Issues Pessimistic Forecast for Wabtec (NYSE:WAB) Stock Price

Wabtec (NYSE:WAB) had its target price lowered by stock analysts at Citigroup from $313.00 to $311.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Citigroup’s price target indicates a potential upside of 19.74% from the stock’s current price.

Several other brokerages also recently issued reports on WAB. Wells Fargo & Company increased their price objective on shares of Wabtec from $270.00 to $284.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. JPMorgan Chase & Co. raised their price target on shares of Wabtec from $290.00 to $300.00 and gave the company a “neutral” rating in a report on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a report on Monday, April 20th. Rothschild & Co Redburn upgraded Wabtec from a “neutral” rating to a “buy” rating and raised their price objective for the company from $262.00 to $285.00 in a research note on Thursday, March 26th. Finally, Morgan Stanley restated an “overweight” rating and issued a $318.00 price target on shares of Wabtec in a research report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $293.36.

Wabtec Trading Down 0.6%

NYSE WAB traded down $1.48 during mid-day trading on Monday, hitting $259.74. The company’s stock had a trading volume of 336,963 shares, compared to its average volume of 901,995. Wabtec has a 52-week low of $184.26 and a 52-week high of $284.91. The firm has a market capitalization of $44.07 billion, a P/E ratio of 36.75, a price-to-earnings-growth ratio of 1.87 and a beta of 0.94. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.02 and a quick ratio of 0.54. The stock’s fifty day simple moving average is $264.85 and its two-hundred day simple moving average is $251.57.

Wabtec (NYSE:WAB) last released its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.62 by $0.09. The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $3.08 billion. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.The firm’s revenue was up 13.0% compared to the same quarter last year. During the same period last year, the company posted $2.28 earnings per share. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. Research analysts expect that Wabtec will post 10.61 EPS for the current year.

Insider Activity

In other Wabtec news, insider Sameer Gaur sold 1,082 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $263.50, for a total value of $285,107.00. Following the completion of the sale, the insider directly owned 11,985 shares of the company’s stock, valued at approximately $3,158,047.50. This represents a 8.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rafael Santana sold 1,163 shares of Wabtec stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $262.07, for a total transaction of $304,787.41. Following the completion of the transaction, the chief executive officer directly owned 122,914 shares in the company, valued at $32,212,071.98. This represents a 0.94% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 66,586 shares of company stock worth $17,867,065. 0.57% of the stock is owned by company insiders.

Hedge Funds Weigh In On Wabtec

Several large investors have recently made changes to their positions in WAB. Whipplewood Advisors LLC bought a new position in shares of Wabtec during the 1st quarter worth about $25,000. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Wabtec by 125.9% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock valued at $28,000 after buying an additional 73 shares during the period. Manchester Capital Management LLC grew its position in Wabtec by 122.0% during the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock worth $28,000 after buying an additional 72 shares in the last quarter. McMillan Office Inc. acquired a new stake in Wabtec during the fourth quarter worth about $31,000. Finally, Reflection Asset Management bought a new position in Wabtec during the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

About Wabtec

Wabtec Corporation (Westinghouse Air Brake Technologies Corporation) is a global provider of equipment, systems and services for the rail industry. The company supplies products and solutions to freight railroads, transit agencies and other industrial operators, focusing on technologies that improve the performance, safety and efficiency of locomotives and rail networks. Wabtec’s business spans new equipment manufacturing, aftermarket parts and services, and digital and control systems for rail operations.

Product and service offerings include locomotive systems and components, braking and air systems, propulsion and traction equipment, signaling and control technologies, and a range of aftermarket services such as maintenance, remanufacturing, parts distribution and fleet modernization.