KeyBanc Thinks Westinghouse Air’s Stock is Going to Recover

By Ryan Adsit

In a report issued on September 15, Steve Barger from KeyBanc reiterated a Buy rating on Westinghouse Air (NYSE: WAB), with a price target of $100. The company’s shares closed on Friday at $72.35, close to its 52-week low of $69.20.

According to TipRanks.com, Barger is a 5-star analyst with an average return of 18.4% and a 64.0% success rate. Barger covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Federal Signal Corp, and Freightcar America.

Westinghouse Air has an analyst consensus of Moderate Buy, with a price target consensus of $89.50.

Westinghouse Air’s market cap is currently $6.94B and has a P/E ratio of 25.39. The company has a book value ratio of 2.7054.

Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WAB in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Westinghouse Air Brake Technologies Corp. engages in the provision of value added technology based equipment and services for the global rail industry. It operates through the following segments: Freight and Transit.