Morgan Stanley Forecasts Strong Price Appreciation for WBI (NYSE:WBI) Stock

WBI (NYSE:WBI) had its price target boosted by stock analysts at Morgan Stanley from $32.00 to $34.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price target would indicate a potential upside of 25.25% from the company’s previous close.

A number of other brokerages also recently commented on WBI. UBS Group set a $33.00 price target on WBI in a report on Monday, March 16th. Weiss Ratings assumed coverage on shares of WBI in a report on Wednesday, January 14th. They issued a “sell (e-)” rating on the stock. Wells Fargo & Company boosted their target price on shares of WBI from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Friday, March 13th. The Goldman Sachs Group increased their price objective on shares of WBI from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday, March 17th. Finally, Wall Street Zen raised shares of WBI from a “sell” rating to a “hold” rating in a report on Saturday. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $29.75.

WBI Trading Up 0.0%

NYSE:WBI traded up $0.01 during mid-day trading on Wednesday, hitting $27.15. The stock had a trading volume of 423,314 shares, compared to its average volume of 817,428. The firm’s 50-day simple moving average is $24.20. WBI has a twelve month low of $18.64 and a twelve month high of $27.89. The company has a market capitalization of $3.35 billion and a P/E ratio of 159.68. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.77.

WBI Company Profile

WaterBridge Infrastructure LLC is an integrated, pure-play water infrastructure company. WaterBridge Infrastructure LLC is based in HOUSTON.