WAB

Wabtec Corp Trading Update: Wabtec Corp shares have entered oversold territory with an RSI of 27.1, indicating potential exhaustion of recent selling pressure and possible buying opportunities for investors.

52-Week Performance Overview: The stock's 52-week range shows a low of $143.22 and a high of $210.88, with the last trade recorded at $162.92.

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Earnings Report Announcement: Wabtec Corporation will release its first quarter results for 2025 on April 23, 2025, before U.S. markets open, followed by a conference call at 8:30 a.m. ET to discuss the results.

Company Overview: Wabtec is a leading global provider of rail industry solutions and aims to achieve a zero-emission rail system, having been a key player in the sector for 155 years.

Company Overview: Westinghouse Air Brake Technologies Corporation (WAB) is a large-cap company with a market cap of $31.7 billion, providing technology-based solutions for the freight rail and passenger transit industries, among others. Despite recent fluctuations in stock performance, WAB shares have increased by 30.6% over the past year, outperforming the Dow Jones Industrial Average.

Financial Performance: WAB reported net sales of $2.6 billion and adjusted EPS of $1.68, missing Wall Street expectations. While the Transit segment saw growth, the Freight segment's sales were nearly flat, and analysts maintain a "Moderate Buy" rating on the stock, which is currently trading below its mean price target of $217.67.

Cameco's Strategic Shift: Cameco, a major uranium supplier, has partnered with Brookfield Asset Management to acquire Westinghouse Electric, enhancing its position in the nuclear power industry and providing a more stable revenue stream alongside its volatile mining operations.

Investment Considerations: While Cameco's acquisition of Westinghouse may reduce financial volatility and support growth, it remains a high-risk investment due to the unpredictable nature of commodity prices and the nuclear sector.

Transaction Overview: EQT VIII fund has signed an agreement to sell Dellner Couplers, a leader in train connection systems, to Wabtec Corporation for approximately EUR 890 million.

Company Growth and Innovation: Under EQT's ownership since 2019, Dellner has enhanced its product portfolio and sustainability efforts, positioning itself for continued growth and innovation in the rail industry.

U.S. Rail Traffic Update: For the week ending March 8, total U.S. rail traffic increased by 5.4% year-over-year, with carloads up 2.6% and intermodal volume up 7.7%. Notable increases were seen in coal, grain, and miscellaneous carloads, while decreases occurred in metallic ores, chemicals, and forest products.

North American Rail Volume: North American rail traffic for the same week totaled 686,212 carloads and intermodal units, reflecting a 3.8% increase compared to last year. The first 10 weeks of 2025 showed an overall rise of 2.3% in rail traffic compared to 2024.

U.S. Rail Traffic Update: For the week ending March 1, U.S. rail traffic increased by 5.4% year-over-year, with total carloads at 222,757 (up 1.4%) and intermodal volume at 285,774 (up 8.8%). Six out of ten carload commodity groups saw increases, notably coal and grain.

North American Rail Volume: North American rail traffic for the same week totaled 692,268 carloads and intermodal units, marking a 4.8% increase compared to last year, with a cumulative rise of 2.3% in the first nine weeks of 2025.

U.S. Rail Traffic Report: For the week ending February 22, total U.S. rail traffic decreased by 5.1% year-over-year, with carloads down 13.6% and intermodal volume up 2.3%. North American rail volume also saw a decline of 14.4% for the same week.

Commodity Performance: Among the carload commodity groups, only chemicals showed an increase, while coal, grain, and nonmetallic minerals experienced significant decreases in carloads compared to the previous year.

Company Overview and Performance: Westinghouse Air Brake Technologies Corporation (WAB) has a market cap of $32.8 billion and provides technology for the freight rail and passenger transit industries. While WAB shares have increased by 42.9% over the past year, they fell 9.1% recently due to disappointing profit forecasts and weak demand for new locomotives.

Analyst Ratings and Future Outlook: Analysts maintain a "Moderate Buy" consensus rating for WAB, with expectations for a nearly 13% EPS growth in the upcoming fiscal year. Despite lowered price targets following recent results, there is potential for upside as the stock trades below the mean price target.

Stock Performance: Westinghouse Air Brake Technologies Corporation (WAB) shares have dropped significantly after missing earnings but are currently at a support level of $187, which may lead to a potential price rebound as the stock is considered oversold.

Market Dynamics: The combination of being at a support level and oversold conditions could trigger buyer anxiety and algorithmic trading, potentially resulting in upward pressure on the stock price.

Analyst Rating and Price Target: Analyst Daniel Imbro maintains a Buy rating on Westinghouse Air Brake Technologies (WAB) with a price target of $220, while the stock closed at $189.27. The analyst consensus for WAB is a Strong Buy with a price target consensus of $222.40.

Insider Activity and Market Sentiment: Despite a positive analyst outlook, insider sentiment is negative as 93 insiders have sold shares recently, indicating a potential lack of confidence in the stock's short-term performance.

Westinghouse Air Brake Technologies (WAB): KeyBanc analyst Steve Barger maintains a Buy rating with a price target of $228.67, while the stock closed at $189.27 and has a Strong Buy consensus among analysts.

Kornit Digital (KRNT) and Generac Holdings (GNRC): Kornit Digital receives a Hold rating from Barclays with a price target of $26.00, and Generac Holdings also holds a Hold rating from KeyBanc with an average price target of $173.73, indicating potential upside from current levels.

Market Performance: The S&P 500 and Dow Jones closed down, while the Nasdaq 100 saw a slight increase, driven by strong chip stock performance despite rising bond yields and unexpected inflation data that dampened rate cut expectations from the Fed.

Corporate Earnings: Mixed corporate earnings results were reported, with notable gains for CVS Health and Gilead Sciences, while companies like Waters and Biogen forecasted weaker-than-expected earnings, impacting their stock prices negatively.

Market Performance: Major US stock indexes, including the S&P 500 and Dow Jones, are down due to rising bond yields following a stronger-than-expected January consumer price index (CPI) report, which dampens expectations for interest rate cuts by the Federal Reserve.

Corporate Earnings: Mixed corporate earnings results were reported, with CVS Health and Gilead Sciences showing significant gains, while companies like Biogen and Kraft Heinz faced declines after forecasting lower-than-expected earnings.

Market Performance: Major U.S. stock indexes, including the S&P 500 and Dow Jones, are down due to rising bond yields following a stronger-than-expected January consumer price index (CPI) report, which dampens expectations for interest rate cuts by the Federal Reserve.

Corporate Earnings: Mixed corporate earnings results were reported, with notable declines for companies like Biogen and Kraft Heinz, while CVS Health and Super Micro Computer saw significant gains after exceeding earnings expectations.

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Wabtec Performance: Wabtec is the worst performing S&P 500 component today, down 7.9%, but has a year-to-date gain of 1.1%.

Other Movers: Waters is also down 7.8%, while Gilead Sciences is up 8.0% on the day.

Conference Call Announcement: Wabtec Corporation will hold a conference call on February 12, 2025, at 8:30 AM ET to discuss their Q4 24 earnings results.

Access Information: The live webcast can be accessed via their investor relations website, and a replay can be obtained by calling the provided numbers with the access code.

Financial Performance: Wabtec Corporation reported a strong fourth quarter for 2024 with GAAP earnings per diluted share of $1.23, a 2.5% increase from the previous year, and adjusted earnings per diluted share of $1.68, up 9.1%. Total sales for the year reached $10.39 billion, with cash flow from operations hitting a record $1.83 billion.

Shareholder Returns and Future Outlook: The company returned $1.2 billion to shareholders through dividends and share repurchases, approved a 25% increase in its quarterly dividend, and expects mid-single digit revenue growth along with double-digit EPS growth over the next five years.