Wabtec (NYSE:WAB) Stock Price Target Cut by Citigroup

by · The Markets Daily

Wabtec (NYSE:WAB – Get Free Report) had its price objective dropped by analysts at Citigroup from $338.00 to $334.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Citigroup‘s target price indicates a potential upside of 21.32% from the stock’s previous close.

A number of other brokerages also recently issued reports on WAB. JPMorgan Chase & Co. lifted their price target on Wabtec from $315.00 to $320.00 and gave the company a “neutral” rating in a research report on Monday, September 21st. Jefferies Financial Group boosted their price target on shares of Wabtec from $315.00 to $350.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Susquehanna raised their price objective on shares of Wabtec from $305.00 to $340.00 and gave the company a “positive” rating in a research report on Thursday, July 23rd. Wall Street Zen cut shares of Wabtec from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Finally, KeyCorp lifted their price objective on shares of Wabtec from $308.00 to $340.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $320.18.

Check Out Our Latest Stock Report on WAB

Wabtec Price Performance

Shares of WAB traded down $13.65 during midday trading on Thursday, hitting $275.31. 1,999,091 shares of the company traded hands, compared to its average volume of 916,695. The stock has a 50-day moving average of $287.76 and a 200-day moving average of $276.05. The firm has a market cap of $46.50 billion, a P/E ratio of 37.00, a PEG ratio of 1.91 and a beta of 0.92. Wabtec has a one year low of $193.86 and a one year high of $306.64. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 0.59.

Wabtec (NYSE:WAB – Get Free Report) last released its quarterly earnings results on Wednesday, October 21st. The transportation company reported $2.83 EPS for the quarter, beating analysts’ consensus estimates of $2.73 by $0.10. The firm had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.20 billion. Wabtec had a net margin of 10.59% and a return on equity of 15.10%. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.32 EPS. As a group, sell-side analysts predict that Wabtec will post 10.89 EPS for the current fiscal year.

Insider Buying and Selling

In other Wabtec news, EVP Gregory Sbrocco sold 952 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $300.00, for a total value of $285,600.00. Following the completion of the sale, the executive vice president owned 21,043 shares of the company’s stock, valued at $6,312,900. This represents a 4.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Eric Gebhardt sold 7,100 shares of the stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $299.27, for a total transaction of $2,124,817.00. Following the transaction, the chief technology officer owned 19,153 shares in the company, valued at $5,731,918.31. The trade was a 27.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 17,552 shares of company stock worth $5,232,911 over the last ninety days. Corporate insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On Wabtec

Institutional investors have recently made changes to their positions in the business. Resona Asset Management Co. Ltd. boosted its position in Wabtec by 348.6% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 233,300 shares of the transportation company’s stock valued at $62,806,000 after buying an additional 181,296 shares during the period. QRG Capital Management Inc. grew its holdings in Wabtec by 5.5% in the 2nd quarter. QRG Capital Management Inc. now owns 93,442 shares of the transportation company’s stock worth $25,192,000 after acquiring an additional 4,878 shares during the last quarter. Hsbc Holdings PLC grew its holdings in Wabtec by 15.0% in the 1st quarter. Hsbc Holdings PLC now owns 351,769 shares of the transportation company’s stock worth $87,735,000 after acquiring an additional 45,760 shares during the last quarter. Copeland Capital Management LLC increased its position in shares of Wabtec by 861.4% in the first quarter. Copeland Capital Management LLC now owns 46,707 shares of the transportation company’s stock valued at $11,673,000 after acquiring an additional 41,849 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Wabtec in the first quarter valued at about $17,002,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Wabtec News Roundup

Here are the key news stories impacting Wabtec this week:

  • Positive Sentiment: Q3 earnings beat expectations: Adjusted earnings per share rose 22% year over year to $2.83, exceeding the $2.73 consensus estimate. GAAP EPS increased 33.7% to $2.42. Wabtec earnings and guidance report
  • Positive Sentiment: Margins expanded: Adjusted operating margin improved 1.9 percentage points to 22.9%, helping Wabtec deliver the earnings beat despite softer-than-expected sales. Wabtec Q3 margin expansion report
  • Positive Sentiment: Guidance was raised and tightened: Management increased 2026 adjusted EPS guidance to $10.85-$11.05, signaling confidence in continued margin gains and the company’s Integration 3.0 program. Wabtec raises 2026 EPS outlook
  • Positive Sentiment: Backlog supports future growth: Wabtec’s multiyear backlog exceeded $31 billion, up 22.9% year over year, while both Freight and Transit contributed to sales growth. Wabtec long-term investor takeaways
  • Positive Sentiment: Analyst sentiment improved: Stephens raised its Wabtec price target from $330 to $340 and assigned an “overweight” rating, implying substantial upside from the current level.
  • Negative Sentiment: Revenue missed estimates: Q3 revenue increased 8.1% year over year to $3.12 billion but fell short of the $3.20 billion analyst consensus. The top-line miss appears to be the main reason the stock has decreased, overshadowing the earnings and guidance beats. Wabtec revenue miss report

About Wabtec

(Get Free Report)

Westinghouse Air Brake Technologies Corporation, doing business as Wabtec (NYSE: WAB), is a global provider of equipment, systems, digital solutions and services for the freight and passenger rail industries. The company develops technologies intended to improve the safety, efficiency, reliability and sustainability of rail transportation.

Wabtec’s products and services include locomotives, locomotive components and modernization programs, braking systems, train control and signaling equipment, power and propulsion systems, and advanced digital solutions.

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