Westinghouse Air Brake Stock Hits New 52-Week High (WAB)

NEW YORK ( TheStreet) -- Westinghouse Air Brake Technologies (NYSE: WAB) hit a new 52-week high Tuesday as it is currently trading at $79.10, above its previous 52-week high of $79.08 with 167,618 shares traded as of 10:15 a.m. ET. Average volume has been 293,400 shares over the past 30 days.

Westinghouse Air Brake has a market cap of $3.54 billion and is part of the services sector and transportation industry. Shares are up 10.9% year to date as of the close of trading on Monday.

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 21.9, above the average transportation industry P/E ratio of 21 and above the S&P 500 P/E ratio of 17.7.

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, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Westinghouse Air Brake Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

If you liked this article you might like

Western Digital Considers Japan, KKR Coalition in Bid for Toshiba Chip Unit

Analysts' Actions -- Alphabet, Cardinal Health, Monster and More

Bullish and Bearish Reversals for the Week

Trade-Ideas: Westinghouse Air Brake Technologies (WAB) Is Today's Strong On High Relative Volume Stock

Wabtec (WAB) Stock Stumbles on Q2 Miss, Guidance