Wabtec Corporation (NYSE:WAB), Infosys Limited (NYSE:INFY)

Wabtec Corporation (NYSE:WAB), Infosys Limited (NYSE:INFY)

The shares of Wabtec Corporation (NYSE:WAB) has been pegged with a rating of Overweight by Morgan Stanley in its latest research note that was published on March 17, 2020. The Services company has also assigned a $77 price target. Morgan Stanley wasn’t the only research firm that published a report of Wabtec Corporation, with other equities research analysts also giving their opinion on the stock. Stephens advised investors in its research note published on January 02, 2020, to Overweight the WAB stock while also putting a $95 price target. The stock had earned Overweight rating from Atlantic Equities Markets when it published its report on November 15, 2019. That day the Atlantic Equities set price target on the stock to $92. The stock was given Underperform rating by BofA/Merrill in its report released on October 16, 2019, the day when the price target on the stock was placed at 64. KeyBanc Capital Markets was of a view that WAB is Overweight in its latest report on September 16, 2019. Morgan Stanley thinks that WAB is worth Equal-Weight rating. This was contained in the firm’s report on September 10, 2019 in which the stock’s price target was also moved to 73.

Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 3 believe it has the potential for further growth, thus rating it as Hold while 7 advised investors to purchase the stock. The consensus currently stands at a Overweight while its average price target is $77.10. The price of the stock the last time has raised by 47.76% from its 52-Week high price while it is -36.61% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 48.10.

The shares of the company dipped by -6.23% during the trading session on Monday, reaching a low of $50.61 while ending the day at $51.82. During the trading session, a total of 900580.0 shares were traded which represents a 51.58% incline from the average session volume which is 1.86 million shares. WAB had ended its last session trading at $55.26. Wabtec Corporation currently has a market cap of $9.36 billion, while its P/E ratio stands at 30.70, while its P/E earnings growth sits at 2.80, with a beta of 1.54. Wabtec Corporation debt-to-equity ratio currently stands at 0.44, while its quick ratio hovers at 0.70 WAB 52-week low price stands at $35.07 while its 52-week high price is $81.75.

The company in its last quarterly report recorded $1.04 earnings per share which is above the predicted by most analysts. The Wabtec Corporation generated 604.2 million in revenue during the last quarter. In the second quarter last year, the firm recorded $1.03 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -1.92%. Wabtec Corporation has the potential to record 4.42 EPS for the current fiscal year, according to equities analysts.

Investment analysts at JP Morgan published a research note on February 20, 2020 where it informed investors and clients that Infosys Limited (NYSE:INFY) is now rated as Overweight. Even though the stock has been trading at $8.52/share, analysts expect it to down by -0.23% to reach $10.46/share. It started the day trading at $8.545 and traded between $8.32 and $8.50 throughout the trading session.

A look at its technical shows that INFY’s 50-day SMA is 9.48 while its 200-day SMA stands at 10.37. The stock has a high of $12.08 for the year while the low is $6.76. The stock, however, witnessed a rise in its short on 03/31/20. Compared to previous close which recorded 67.6 M shorted shares, the short percentage went lower by -10.45%, as 60.54M WAB shares were shorted. At the moment, only 1.44% of Infosys Limited shares were sold short. The company’s P/E ratio currently sits at 16.93, while the P/B ratio is 4.50. The company’s average trading volume currently stands at 16.06M shares, which means that the short-interest ratio is just 3.77 days. Over the past seven days, the company moved, with its shift of 12.43%. Looking further, the stock has dropped -20.19% over the past 90 days while it lost -23.97% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Lazard Asset Management LLC sold more INFY shares, decreasing its portfolio by -5.65% during the last quarter. This move now sees The Lazard Asset Management LLC selling -2,209,131 shares in the last quarter, thus it now holds 36,860,449 shares of INFY, with a total valuation of $302,624,286. Fisher Asset Management LLC meanwhile sold more INFY shares in the recently filed quarter, changing its stake to $274,311,272 worth of shares.

Similarly, GQG Partners LLC decreased its Infosys Limited shares by 3.37% during the recently filed quarter. After selling 31,810,805 shares in the last quarter, the firm now controls -1,108,790 shares of Infosys Limited which are valued at $261,166,709. In the same vein, Newton Investment Management Ltd. decreased its Infosys Limited shares by during the most recent reported quarter. The firm bought 244,202 shares during the quarter which decreased its stakes to 30,239,416 shares and is now valued at $248,265,605. Following these latest developments, around 18.20% of Infosys Limited stocks are owned by institutional investors and hedge funds.

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