The stock of Westinghouse Air Brake Technologies Corp (WAB) has gone up by 3.13% for the week, with a 11.97% rise in the past month and a 21.29% rise in the past quarter. The volatility ratio for the week is 1.41%, and the volatility levels for the past 30 days are 1.75% for WAB. The simple moving average for the past 20 days is 7.27% for WAB’s stock, with a 32.71% simple moving average for the past 200 days.
Is It Worth Investing in Westinghouse Air Brake Technologies Corp (NYSE: WAB) Right Now?
Westinghouse Air Brake Technologies Corp (NYSE: WAB) has a price-to-earnings ratio of 32.20x that is above its average ratio. Additionally, the 36-month beta value for WAB is 1.33. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 4 rating it as “overweight,” 7 rating it as “hold,” and 0 rating it as “sell.”
The public float for WAB is 174.53M and currently, short sellers hold a 1.17% ratio of that float. The average trading volume of WAB on May 09, 2024 was 1.12M shares.
WAB) stock’s latest price update
Westinghouse Air Brake Technologies Corp (NYSE: WAB)’s stock price has increased by 0.59 compared to its previous closing price of 164.59. However, the company has seen a 3.13% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-07 that The Zacks Transportation – Equipment and Leasing industry seeks to benefit from consistent shareholder-friendly initiatives. WAB, GATX and TRN are set to gain the most.
Analysts’ Opinion of WAB
Many brokerage firms have already submitted their reports for WAB stocks, with TD Cowen repeating the rating for WAB by listing it as a “Hold.” The predicted price for WAB in the upcoming period, according to TD Cowen is $147 based on the research report published on April 25, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see WAB reach a price target of $130, previously predicting the price at $125. The rating they have provided for WAB stocks is “Market Perform” according to the report published on February 15th, 2024.
Redburn Atlantic gave a rating of “Neutral” to WAB, setting the target price at $135 in the report published on February 15th of the current year.
WAB Trading at 12.00% from the 50-Day Moving Average
After a stumble in the market that brought WAB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.15% of loss for the given period.
Volatility was left at 1.75%, however, over the last 30 days, the volatility rate increased by 1.41%, as shares surge +12.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.23% upper at present.
During the last 5 trading sessions, WAB rose by +3.13%, which changed the moving average for the period of 200-days by +46.19% in comparison to the 20-day moving average, which settled at $155.24. In addition, Westinghouse Air Brake Technologies Corp saw 30.46% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WAB starting from NEUPAVER ALBERT J, who sale 29,100 shares at the price of $161.63 back on Apr 30 ’24. After this action, NEUPAVER ALBERT J now owns 595,412 shares of Westinghouse Air Brake Technologies Corp, valued at $4,703,456 using the latest closing price.
Schweitzer Pascal, the President Transit of Westinghouse Air Brake Technologies Corp, sale 6,000 shares at $162.74 during a trade that took place back on Apr 29 ’24, which means that Schweitzer Pascal is holding 10,633 shares at $976,410 based on the most recent closing price.
Stock Fundamentals for WAB
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.29 for the gross margin
The net margin for Westinghouse Air Brake Technologies Corp stands at 0.09. The total capital return value is set at 0.09. Equity return is now at value 8.94, with 4.91 for asset returns.
Based on Westinghouse Air Brake Technologies Corp (WAB), the company’s capital structure generated 0.28 points at debt to capital in total, while cash flow to debt ratio is standing at 0.39. The debt to equity ratio resting at 0.39. The interest coverage ratio of the stock is 6.62.
Currently, EBITDA for the company is 1.85 billion with net debt to EBITDA at 1.94. When we switch over and look at the enterprise to sales, we see a ratio of 3.29. The receivables turnover for the company is 6.48for trailing twelve months and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.52.
Conclusion
In conclusion, Westinghouse Air Brake Technologies Corp (WAB) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
