Wabtec (WAB) continues to exhibit solid growth features, getting buoyed by the finalized $405-Million locomotive deal with Kazakhstan Temir Zholy and a successful Q3 reporting. With the stock being a strong buy recommendation based on financial performance and positive market response, investors are showing increasing belief in Wabtec's potential. The company's high scores on the Disability Equality Index and Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index underscore a strong commitment to inclusive practices. Despite missing Q3 sales targets, adjusted EPS guidance has been raised and tightened. Technological advancements were unveiled with the launch of the Next-Generation Railcar Mover and the deployment of the advanced collision avoidance system at a Glencore coal site. Also noteworthy is the contract with Norske Tog for door and HVAC systems, and the declaration of regular quarterly common dividends. Lastly, expansion into India through a new manufacturing campus and inauguration of the Gooty Maintenance Shed in Andhra Pradesh offers immense potential for growth.
Wabtec WAB News Analytics from Fri, 06 Aug 2021 07:00:00 GMT to Fri, 01 Nov 2024 19:57:44 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor 0
