Wabtec (WAB) has seen significant advances on various fronts. The company has raised its target price as backed by BofA after a CFO call and KeyBanc analysts. Wabtec managed to overcome an antitrust challenge to its merger with GE Transportation, further strengthening its position. A variety of expansion moves like the acquisition of Evident’s Inspection Technologies Division and Dellner Couplers have been made to boost their capabilities.
Their stock traded down temporarily, but it rebounded later due to different reasons including strong Q1 earnings. After their Q1 earnings reports, the company saw a hike of 8% since last earnings report, suggesting strong financial performance. There are also signs of overseas growth, with Wabtec finalizing a massive locomotive order with Kazakhstan Temir Zholy.
They have announced their participation as a RailPulse certified telematics vendor and introduced senior notes offerings. The reports on their financial results and Q1 results suggest that the company is seeing substantial growth and improved price strength. However, they experienced some setbacks when the sales dropped below analyst estimates in Q4 earnings.
Wabtec WAB News Analytics from Fri, 06 Aug 2021 07:00:00 GMT to Fri, 27 Jun 2025 11:19:04 GMT - Rating 7 - Innovation 8 - Information 8 - Rumor 4
