Alert: Positive Investment/Fundamental Signals (11/2/23)-Westinghouse Air Brake Technolog (NYSE: WAB)


Extremely important positive changes in investment behavior have recently occurred for Westinghouse Air Brake Technolog (NYSE: WAB): the stock’s recent price rise disrupted its longer term downtrend, its longer term price trend turned up, and the stock rose on very heavy volume.

Westinghouse Air Brake Technolog (NYSE: WAB). Small positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

WAB’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.

Westinghouse Air Brake Technolog has a current Value Trend Rating of C (High Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Westinghouse Air Brake Technolog has a slightly negative Appreciation Score of 34 but a good Power Rating of 80, triggering the High Neutral Value Trend Rating.

Recent Price Action

Westinghouse Air Brake Technolog (NYSE: WAB) stock enjoyed a large increase of 3.4% on 11/2/23. The stock closed at $109.35. The stock has risen 5.1% during the last week and has been strong relative to the market over the last nine months.

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