Wabtec Rises 29.9% YTD: More Upside Ahead for the Stock?

Westinghouse Air Brake Technologies Corporation (WAB) ,or Wabtec, shares have rallied 29.9% on a year-to-date basis compared with the industry’s 5.9% decline. The S&P 500 composite index rose 17.9% in the same time frame, while the Zacks Transportation sector gained 1.8%. The U.S.-based company currently has a market capitalization of $28.95 billion.Wabtec, presently sporting a Zacks Rank #1 (Strong Buy), boasts an impressive track record of beating estimates in each of the trailing four quarters, the avera ...