Westinghouse Air Brake Technolog (NYSE: WAB) has reported earnings for its third fiscal quarter (ending September 30) of $1.63 versus $1.34 for the same period a year ago. For the latest four quarters through September 30, E.P.S. were $6.01 versus $4.21 for the same period a year ago.
Recent Price Action
Westinghouse Air Brake Technolog (NYSE: WAB) stock declined modestly by -1.2% on 10/23/24. The stock closed at $187.34. Moreover, trading volume in this decline was unusually high at 192% of normal. The stock is unchanged during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, WAB is expected to continue to be an important Value Builder.
Westinghouse Air Brake Technolog has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Westinghouse Air Brake Technolog has a slightly negative Appreciation Score of 38 but a very high Power Rating of 91, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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