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TheStreet Wire

Westinghouse Air Brake Reaches New 52-Week High (WAB)

By TheStreet Wire 01/18/12 - 04:14 PM EST

Find out if (WAB) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Westinghouse Air Brake Technologies (NYSE:WAB) hit a new 52-week high Wednesday as it is currently trading at $72.50, above its previous 52-week high of $72.43 with 256,918 shares traded as of 3:50 p.m. ET. Average volume has been 244,000 shares over the past 30 days.

Westinghouse Air Brake has a market cap of $3.41 billion and is part of the services sector and transportation industry. Shares are up 0.4% year to date as of the close of trading on Tuesday.

Westinghouse Air Brake Technologies Corporation, doing business as Wabtec Corporation, provides technology-based products and services for the freight rail and passenger transit industries worldwide. The company has a P/E ratio of 22.2, equal to the average transportation industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Westinghouse Air Brake as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Westinghouse Air Brake Ratings Report.

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