|Bid||75.85 x 900|
|Ask||95.00 x 800|
|Day's Range||81.73 - 83.96|
|52 Week Range||78.26 - 100.05|
|Beta (5Y Monthly)||1.52|
|PE Ratio (TTM)||24.19|
|Earnings Date||Oct 25, 2022 - Oct 31, 2022|
|Forward Dividend & Yield||0.60 (0.73%)|
|Ex-Dividend Date||Aug 12, 2022|
|1y Target Est||101.64|
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High costs are hurting Wabtec's (WAB) bottom line.
The railroad industry is one of the major components of the transportation sector and is closely tied to the economy's growth. Railroad companies operate vast networks that transport agricultural products, packaged foods, commodities, electronics, and other goods to companies and consumers. Major companies in the industry include Norfolk Southern Corp. and CSX Corp. In mid-September, a potential rail strike threatened to disrupt the industry the U.S. economy, but the Biden administration secured a tentative deal with company and union leaders a day before the strike deadline on Friday, Sept. 16.
PITTSBURGH, September 20, 2022--Wabtec (NYSE: WAB) and Kazakhstan Temir Zholy (KTZ) signed a historic memorandum of understanding (MOU) for 150 FLXdriveTM battery-electric shunters and modernization work to transform the mainline fleet into NextFuelTM liquid natural gas-powered (LNG) locomotives. The investment marks the largest sustainable technology agreement by the CIS railroad, and will further revolutionize KTZ’s mainline and yard operations, while significantly reducing greenhouse gas emis