Westinghouse Air Brake에 대한 매도 수량은 투자자에게 Westinghouse Air Brake의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Westinghouse Air Brake (NYSE:WAB) 주식, 공매도 수량 보고

Westinghouse Air Brake

Westinghouse Air Brake Technologies Corp is a provider of value-added, technology-based products and services for the freight rail and passenger transit industries, and the mining, marine, and industrial markets. It provides its products and services through two main business segments, Freight and Transit. The company generates maximum revenue from the Freight segment which manufactures new and modernized locomotives, provides aftermarket parts and services to existing locomotives; provides components to new and existing freight cars; builds new commuter locomotives; supplies rail control and infrastructure products including electronics, positive train control equipment, signal design and engineering services. Geographically, it generates a majority of its revenue from the United States.

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본격적인 어닝시즌을 맞아 이들 대형주는 지난주 최고의 성과를 냈다. 그것들이 당신의 포트폴리오에 있나요? 버티브 홀딩스(NYSE:VRT)는 예상보다 나은 1분기 실적을 발표하고 2024년도 가이던스를 상향 조정한 후 23.3% 증가했다. 몇몇 분석가들은 전망을 높였다.

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Westinghouse Air Brake Technologies Corporation Common Stock

Westinghouse Air Brake Technologies Corp

Westamerica Bancorporation - Common Stock

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In the last three months, 5 analysts have published ratings on Westinghouse Air Brake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>), offering a diverse range of perspectives from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">4</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Westinghouse Air Brake and provided 12-month price targets. The average target is $214.4, accompanied by a high estimate of $222.00 and a low estimate of $205.00. This current average reflects an increase of 9.28% from the previous average price target of $196.20. 
<img src="https://www.benzinga.com/files/images/story/2024/1731524428_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The standing of Westinghouse Air Brake among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Steve Barger</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$220.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Justin Long</td>
<td>Stephens &amp; Co.</td>
<td>Raises</td>
<td>Overweight</td>
<td>$205.00</td>
<td>$190.00</td>
</tr>
<tr>
<td>Bascome Majors</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Positive</td>
<td>$222.00</td>
<td>$220.00</td>
</tr>
<tr>
<td>Jerry Revich</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Neutral</td>
<td>$205.00</td>
<td>$181.00</td>
</tr>
<tr>
<td>Bascome Majors</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Positive</td>
<td>$220.00</td>
<td>$190.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Westinghouse Air Brake. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Westinghouse Air Brake compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Westinghouse Air Brake's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Westinghouse Air Brake's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/WAB/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Westinghouse Air Brake analyst ratings.</a>
<h2>Unveiling the Story Behind Westinghouse Air Brake</h2>
Westinghouse Air Brake Technologies Corp is a provider of value-added, technology-based products and services for the freight rail and passenger transit industries, and the mining, marine, and industrial markets. It provides its products and services through two main business segments, Freight and Transit. The company generates maximum revenue from the Freight segment which manufactures new and modernized locomotives, provides aftermarket parts and services to existing locomotives; provides components to new and existing freight cars; builds new commuter locomotives; supplies rail control and infrastructure products including electronics, positive train control equipment, signal design and engineering services. Geographically, it generates a majority of its revenue from the United States.
<h3>Unraveling the Financial Story of Westinghouse Air Brake</h3>
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: Westinghouse Air Brake displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 4.43%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 10.63%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Westinghouse Air Brake's ROE excels beyond industry benchmarks, reaching 2.73%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Westinghouse Air Brake's ROA stands out, surpassing industry averages. With an impressive ROA of 1.51%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: With a below-average debt-to-equity ratio of 0.39, Westinghouse Air Brake adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>The Significance of Analyst Ratings Explained</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Navigating 5 Analyst Ratings For Westinghouse Air Brake

Keybanc analyst Steve Barger maintains Westinghouse Air Brake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>) with a Overweight and raises the price target from $200 to $220.

Price Target

Keybanc Maintains Overweight on Westinghouse Air Brake, Raises Price Target to $220

These additions position Wabtec's business unit for long-term profitable growth by expanding its capabilities, product portfolio, and customer base.
The company expects the acquisitions to drive strong synergies, and to be immediately accretive to EPS excluding transaction costs.

Wabtec Reveals Strategic Investment In Its Transit Business With Acquisitions Of Fanox And Kompozitum In Combined $110M Cash Transaction

Westinghouse Air Brake's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>) short percent of float has fallen 14.58% since its last report. The company recently reported that it has 1.84 million shares sold short, which is 1.23% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.4 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Westinghouse Air Brake Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731356144_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Westinghouse Air Brake has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Westinghouse Air Brake's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Westinghouse Air Brake's peer group average for short interest as a percentage of float is 5.90%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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Looking Into Westinghouse Air Brake's Recent Short Interest

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/11/07/final-trades-wabtec-clearway-energy-toast-and-the-cibr.html">Halftime Report Final Trades</a>,&#8221; Jim Lebenthal of Cerity Partners named Westinghouse Air Brake Technologies Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>), which set a new <a href="https://www.benzinga.com/quote/WAB/earnings">high on Wednesday</a>.
On Oct. 23, Westinghouse Air Brake reported quarterly earnings of $2.00 per share which beat the analyst consensus estimate of $1.90 per share. The company reported quarterly sales of $2.663 billion which missed the analyst consensus estimate of $2.692 billion.
Jenny Van Leeuwen Harrington of Gilman Hill Asset Management picked Clearway Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWEN#NYSE">CWEN</a>), which has a 6.2% yield.
On Oct. 30, Clearway Energy reported quarterly earnings of 31 cents per share, an increase from 3 cents per share in the year-ago period. The company reported $486.00 million in sales for the quarter.
 Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Liz Young Thomas of SoFi named First Trust NASDAQ Cybersecurity ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CIBR#NASDAQ">CIBR</a>) as her final trade.
Joshua Brown of Ritholtz Wealth Management said he is staying long on Toast, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOST#NYSE">TOST</a>).
On Nov. 7, Toast reported better-than-expected third-quarter financial results. The company reported quarterly earnings of 7 cents per share which beat the analyst consensus estimate of 1 cent per share. The company reported quarterly sales of $1.30 billion which beat the analyst consensus estimate of $1.29 billion.
Price Action:
<ul>
<li>Westinghouse Air Brake Technologies shares fell 0.8% to close at $198.72 during Thursday's session.</li>
<li>Clearway Energy shares rose 3.1% to settle at $27.67 during Thursday's session.</li>
<li>First Trust NASDAQ Cybersecurity ETF gained 1.3% during Thursday's session.</li>
<li>Toast shares gained 1.7% to close at $32.67 on Thursday.</li>
</ul>
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Toast, Westinghouse Air Brake Technologies, Clearway Energy And More On CNBC's 'Final Trades'

CNBC Final Trades: Westinghouse, Toast, First Trust NASDAQ Cybersecurity ETF, Clearway Energy

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Shares of machinery companies are trading higher. Investors may be reacting to the US presidential election and its impact on the industry.

Across the recent three months, 4 analysts have shared their insights on Westinghouse Air Brake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>), expressing a variety of opinions spanning from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Westinghouse Air Brake, presenting an average target of $213.0, a high estimate of $222.00, and a low estimate of $205.00. Marking an increase of 9.09%, the current average surpasses the previous average price target of $195.25. 
<img src="https://www.benzinga.com/files/images/story/2024/1729792832_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Westinghouse Air Brake. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Justin Long</td>
<td>Stephens &amp; Co.</td>
<td>Raises</td>
<td>Overweight</td>
<td>$205.00</td>
<td>$190.00</td>
</tr>
<tr>
<td>Bascome Majors</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Positive</td>
<td>$222.00</td>
<td>$220.00</td>
</tr>
<tr>
<td>Jerry Revich</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Neutral</td>
<td>$205.00</td>
<td>$181.00</td>
</tr>
<tr>
<td>Bascome Majors</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Positive</td>
<td>$220.00</td>
<td>$190.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Westinghouse Air Brake. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Westinghouse Air Brake compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Westinghouse Air Brake's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Westinghouse Air Brake's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/WAB/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Westinghouse Air Brake analyst ratings.</a>
<h2>Discovering Westinghouse Air Brake: A Closer Look</h2>
Westinghouse Air Brake Technologies Corp is a provider of value-added, technology-based products and services for the freight rail and passenger transit industries, and the mining, marine, and industrial markets. It provides its products and services through two main business segments, Freight and Transit. The company generates maximum revenue from the Freight segment which manufactures new and modernized locomotives, provides aftermarket parts and services to existing locomotives; provides components to new and existing freight cars; builds new commuter locomotives; supplies rail control and infrastructure products including electronics, positive train control equipment, signal design and engineering services. Geographically, it generates a majority of its revenue from the United States.
<h3>Financial Insights: Westinghouse Air Brake</h3>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Growth: Westinghouse Air Brake's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 9.85%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: Westinghouse Air Brake's net margin excels beyond industry benchmarks, reaching 10.93%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Westinghouse Air Brake's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 2.76%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Westinghouse Air Brake's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.54% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: With a below-average debt-to-equity ratio of 0.38, Westinghouse Air Brake adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>Analyst Ratings: Simplified</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Evaluating Westinghouse Air Brake: Insights From 4 Financial Analysts

Susquehanna analyst Bascome Majors maintains Westinghouse Air Brake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>) with a Positive and raises the price target from $220 to $222.

Susquehanna Maintains Positive on Westinghouse Air Brake, Raises Price Target to $222

Goldman Sachs analyst Jerry Revich maintains Westinghouse Air Brake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>) with a Neutral and raises the price target from $181 to $205.

Goldman Sachs Maintains Neutral on Westinghouse Air Brake, Raises Price Target to $205

Stephens &amp; Co. analyst Justin Long maintains Westinghouse Air Brake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>) with a Overweight and raises the price target from $190 to $205.

Stephens & Co. Maintains Overweight on Westinghouse Air Brake, Raises Price Target to $205

2024 Financial&nbsp;Guidance
<ul>
<li>Wabtec raised and tightened its 2024 adjusted EPS&nbsp;guidance&nbsp;to be in the range of&nbsp;$7.45&nbsp;to&nbsp;$7.65. Wabtec&#39;s revenue&nbsp;guidance&nbsp;range remains unchanged at&nbsp;$10.25 billion&nbsp;to&nbsp;$10.55 billion.</li>
<li>For full year 2024, Wabtec expects operating cash flow conversion of greater than&nbsp;90 percent.</li>
</ul>

Earnings

Guidance

Wabtec Raised And Tightened Its 2024 Guidance For Adjusted EPS To $7.45-$7.65 (Prior $7.20 -$7.50) Vs. $7.49 Consensus; Reaffirmed Sales Outlook Of $10.25B-$10.55B Vs. $10.343B Consensus

Westinghouse Air Brake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>) reported quarterly earnings of $2.00 per share which beat the analyst consensus estimate of $1.90 by 5.26 percent. This is a 17.65 percent increase over earnings of $1.70 per share from the same period last year. The company reported quarterly sales of $2.663 billion which missed the analyst consensus estimate of $2.692 billion by 1.07 percent. This is a 4.43 percent increase over sales of $2.550 billion the same period last year.

Earnings Beats

Earnings Misses

Westinghouse Air Brake Q3 2024 Adj. EPS $2.00 Beats $1.90 Estimate, Sales $2.663B Miss $2.692B Estimate

Susquehanna analyst Bascome Majors maintains Westinghouse Air Brake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>) with a Positive and raises the price target from $190 to $220.

Susquehanna Maintains Positive on Westinghouse Air Brake, Raises Price Target to $220

Wabtec (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>) announced today a $405-million agreement to supply Evolutions Series ES44ACi locomotives to Kazakhstan Temir Zholy (KTZ). The new locomotives will upgrade KTZ's aging fleet and support growing rail demand in the region.
"Kazakhstan has a progressive and open-thinking local government that understands the importance of railways in driving the local economy," said Gokhan Bayhan, Wabtec's Regional Senior Vice President, Operations for CIS, Europe, Middle East, and Africa. "KTZ serves as a critical link for the transportation of freight between China and the West. These Evolution Series locomotives will provide the efficiency, reliability, and operational savings to effectively support the growing demand on the Trans-Caspian International Transport Route."
The locomotive features a 12-cylinder, 4,500-horsepower Evolution Series engine, which provides a high horsepower and low life-cycle costs, improving performance in heavy-haul operations. It is designed to operate in the demanding extreme weather conditions and mountainous terrain of Kazakhstan. The ES44ACi can operate for longer periods between maintenance overhauls than the aging locomotives in KTZ's fleet.
The new locomotives will be built at Wabtec's Lokomotiv Kurastyru Zauyty plant in Astana. The plant meets all global quality standards, such as MC ISO 9001-2015, and employs over 700 people.
"This order builds upon Wabtec's strong relationship with KTZ to transform Kazakhstan's rail industry," said Bayhan. "For more than 20 years, we have been working together to position the country as a rail hub in the CIS region. Our companies continue to explore opportunities that improve the fleet and overall efficiency of the rail ecosystem."
Wabtec will begin delivering the first locomotives from the order next year. The new additions will join a fleet of approximately 451 Evolution Series freight locomotives already operating in KTZ's fleet.

Government

Regulations

Wabtec Secures $405M Deal To Supply Next-Gen Locomotives To Kazakhstan Railway

<a href="https://www.wabteccorp.com/newsroom/press-releases/wabtec-to-supply-passenger-information-systems-for-munich-s-bahn-trains">https://www.wabteccorp.com/newsroom/press-releases/wabtec-to-supply-passenger-information-systems-for-munich-s-bahn-trains</a>
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Wabtec (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>) announced today a letter of intent with Siemens Mobility to supply passenger information systems for Munich S-Bahn trains. The multi-million-euro agreement will provide the new Siemens trains with systems that deliver an improved and intuitive passenger experience.
"The Munich S-Bahn is one of the busiest transit systems in Germany, and those commuters rely on easy access to information each day to simplify their journey," said Pascal Schweitzer, President of Transit, Wabtec. "The state-of-the-art system will provide comprehensive, real-time information for an enhanced passenger experience. This solution is a tribute to the close collaboration with Siemens Mobility and Deutsche Bahn to define the best fit for fulfilling the operator's needs and solving technical challenges."
The agreement is a result of a close working relationship between Wabtec and Siemens Mobility engineering teams to meet the requirements of the Munich S-Bahn and provide passengers with better information. The two companies have a strong track record of leading major projects across Deutsche Bahn's network. Most recently, Wabtec worked with Siemens Mobility on integrating the passenger information system for the VELARO MS II project.
Wabtec will supply Siemens Mobility the passenger information systems for 90 S-Bahn trains starting in late 2025. The systems, to be built at Wabtec's site in Brunnthal, Germany, will feature high resolution, full-color LED and TFT displays. The screens will be located above the doors both inside and outside the car, on the ceiling, and in the transitions between the cars. The system will track the course of the journey and provide information about the stations and the occupancy of the respective train. In addition, the systems feature Bluetooth&#xAE; Auracast&#x2122; technology built into the audio solution to improve the journey for hearing-impaired passengers.
The new S-Bahn trains ordered at Siemens Mobility for Munich offer more space, greater comfort, and many innovations. The first trains are scheduled to enter passenger service at the end of 2028. For the first time in Germany, completely integrated S-Bahn trains with a total length of more than 200 meters will be in use, providing capacity for more than 1800 passengers. With the order, the State of Bavaria and the Munich S-Bahn are preparing for expected passenger growth in the coming decades and for the planned mobility transition. The trains are highly energy-efficient, require little maintenance, and receive software updates via the cloud.

Global

'Wabtec To Supply Passenger Information Systems For Munich S-Bahn Trains'

Westinghouse Air Brake's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>) short percent of float has fallen 8.9% since its last report. The company recently reported that it has 2.67 million shares sold short, which is 1.74% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.2 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Westinghouse Air Brake Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727787615_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Westinghouse Air Brake has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Westinghouse Air Brake's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Westinghouse Air Brake's peer group average for short interest as a percentage of float is 5.95%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into Westinghouse Air Brake's Recent Short Interest

United Airlines (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ual#NASDAQ">UAL</a>) is benefiting from upbeat air travel demand. UAL&#39;s proactive measures toward sustainability and innovation are praiseworthy. However, weakness in liquidity and increased operating expenses are hurting the company&#39;s prospects.
<h3>Factors Favoring UAL</h3>
United Airlines&#39; commitment to sustainability is commendable. The airline aims to achieve net-zero greenhouse gas emissions by 2050 and has purchased more sustainable fuel than any other U.S. airline in 2023.
In September, UAL and the San Francisco 49ers (American football team) announced that the team has become the first in the National Football League to purchase sustainable aviation fuel (SAF). An alternative to conventional jet fuel, SAF can bring down greenhouse gas emissions by up to 85% over its entire lifecycle, from production to end-use.
UAL&#39;s top line is benefiting from buoyant air travel demand. In the second quarter of 2024, United Airlines saw a 5.5% increase in Revenue Passenger Miles and an 8.3% rise in capacity, measured by Available Seat Miles. The company anticipates this positive trend will continue, with management projecting third-quarter earnings per share in the range of $2.75-$3.25. For the full year, UAL expects EPS to fall between $9 and $11.
United Airlines&#39; proactive efforts to enhance its connectivity and meet the growing demand for travel is encouraging. The airline introduced 12 new domestic routes connecting major cities across the United States and Canada. It announced nearly 200 new flights to Milwaukee and Chicago. This expansion not only benefits travelers but also strengthens United Airlines&#39; position in the competitive aviation market.
Shares of UAL have rallied 20.5% in the past year compared with its&nbsp;<a href="https://www.zacks.com/stocks/industry-rank/industry/transportation-airline-187">industry</a>&#39;s growth of 17.4% in the same period.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/16/79653.jpg?v=315210470" style="height:314px; width:624px" /> 
Image Source: Zacks Investment Research
<h3>UAL: Key Risks To Watch</h3>
The surge in operating expenses is adversely impacting the company&#39;s bottom line, driven by increased labor costs and fuel expenses. In the second quarter of 2024, operating expenses surged by 3.1% year over year.
Labor costs, comprising salaries and benefits, which represent 31.4% of total operating costs, increased by 10.5% year over year. Aircraft fuel expenses rose by 11.1% year over year, pushing up the total operating costs.
United Airlines exited the second quarter of 2024 with a current ratio (a measure of liquidity) of 0.77. A current ratio of less than 1 indicates that the company is likely to struggle to meet its short-term obligations. Reduced pricing power is another concern.
<h3>Zacks Rank</h3>
UAL currently carries a Zacks Rank #3 (Hold).
<h3>Stocks&nbsp;To Consider</h3>
Some better-ranked stocks for investors&#39; consideration in the Zacks <a href="https://www.zacks.com/stocks/industry-rank/sector/transportation-15">Transportation</a> sector include C.H. Robinson Worldwide (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chrw#NASDAQ">CHRW</a>) and Westinghouse Air Brake Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wab#NYSE">WAB</a>).
C.H. Robinson Worldwide currently sports a Zacks Rank #1 (Strong Buy). You can see&nbsp;<a href="https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&amp;ICID=zpi%20_1link">the complete list of today&#39;s Zacks #1 Rank stocks here</a>. &nbsp;CHRW has an expected earnings growth rate of 25.2% for the current year.
The company has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average surprise of 7.3%. Shares of CHRW have risen 26.5% in the past year. 
WAB carries a Zacks Rank #2 (Buy) at present and has an expected earnings growth rate of 26% for the current year.
The company has an encouraging track record with respect to the earnings surprise, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missed once. The average beat is 11.8%. Shares of WAB have climbed 73.2% in the past year.
<a href="https://www.zacks.com/stock/news/2343259/here-s-why-investors-should-retain-united-airlines-stock-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2343259">To read this article on Zacks.com click here.</a>

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CHRW

Here's Why Investors Should Retain United Airlines Stock Now

Live On CNBC, Jim Lebenthal Announces Bought Westinghouse Air Brake Technologies

INDA

Indian Railways-Wabtec JV's Marhowra Plant To Begin Exporting Evolution Series Locomotives To Africa By 2025

Morgan Stanley analyst Angel Castillo maintained a Buy rating on Westinghouse Air Brake Technologies (WAB – Research Report) today and set a price ...

Morgan Stanley Remains a Buy on Westinghouse Air Brake Technologies (WAB)

The Association of American Railroads or AAR, reported U.S. rail traffic for the week ending October 26 . For this week, total U.S. weekly rail tra...

North American rail traffic up 3.1% for the week ending October 26

The Association of American Railroads or AAR, reported U.S. rail traffic for the week ending November 2. For this week, total U.S. weekly rail traf...

North American rail traffic up 5.9% for the week ending November 2

Wabtec acquires Fanox and Kompozitum for combined value of $110M

KeyBanc analyst Steve Barger reiterated a Buy rating on Westinghouse Air Brake Technologies (WAB – Research Report) today and set a price target of...

KeyBanc Remains a Buy on Westinghouse Air Brake Technologies (WAB)

Analyst Ken Hoexter from Bank of America Securities reiterated a Buy rating on Westinghouse Air Brake Technologies (WAB – Research Report) and incr...

Wabtec's Strategic Innovations and Acquisitions Propel Buy Rating and Increased Price Target

Analyst Angel Castillo from Morgan Stanley maintained a Buy rating on Westinghouse Air Brake Technologies (WAB – Research Report) and keeping the p...

Buy Rating on Westinghouse Air Brake Technologies: Strategic Innovation and Global Expansion Drive Growth Potential

KeyBanc raised the firm's price target on Wabtec (WAB) to $220 from $200 and keeps an Overweight rating on the shares. The firm recently attended a...

Wabtec price target raised to $220 from $200 at KeyBanc

The Association of American Railroads or AAR reported U.S. rail traffic for the week ending November 9 . For this week, total U.S. weekly rail traf...

North American rail traffic  down 0.8% for the week ending November 9

Fidelity Mid-Cap Stock Fund Q3 2024 Review

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Press Releases

Wabtec's Green Friction Technology Begins Commercial Operations in Paris, Improving Air Quality in Rail Tunnels

Wabtec Announces Second Quarter 2024 Earnings Release Date

Wabtec Declares Regular Quarterly Common Dividend

Wabtec Reports Second Quarter 2024 Results Raised and Tightened Adjusted EPS Guidance

Wabtec Secures a $277-Million Locomotive Order from SimFer (Rio Tinto JV) to Support the Simandou Iron Ore Project

Wabtec Announces Third Quarter 2024 Earnings Release Date

Wabtec Finalizes $405-Million Locomotive Deal with Kazakhstan Temir Zholy

Wabtec Reports Third Quarter 2024 Results; Raised and Tightened Adjusted EPS Guidance

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