Westinghouse Air Brake Technologies Corporation (WAB) is valued at $36.7 billion, offering technology-based solutions for the rail industry from Pittsburgh, PA. WAB is a large-cap stock due to its market cap exceeding $10 billion, showcasing strong performance with 12.6% gains in the past three months, outperforming the S&P 500.

Despite trading near its 52-week high of $216.10, WAB shares have seen a 13.4% increase YTD, falling slightly behind the SPX. The company has been trading above its moving averages since late September, maintaining a bullish trend.

WAB recently reported Q3 results exceeding expectations, with 8.4% revenue growth year-over-year and an adjusted EPS of $2.32, beating estimates. However, the stock dropped 2.3% post-earnings. WAB outperformed Trinity Industries, Inc. in the past 52 weeks and YTD.

Analysts are moderately optimistic about WAB’s future, with a consensus rating of “Moderate Buy” and a mean price target of $229.54, indicating a 6.6% premium. Despite recent fluctuations, WAB remains a strong contender in the railroad industry.

Read more at Yahoo Finance: Is Westinghouse Air Brake Stock Outperforming the S&P 500?