WBI (NYSE:WBI) Reaches New 12-Month High – Still a Buy?

WBI (NYSE:WBI) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $31.90 and last traded at $31.52, with a volume of 84070 shares trading hands. The stock had previously closed at $31.16.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WBI. The Goldman Sachs Group upgraded shares of WBI from a “neutral” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Monday, April 20th. UBS Group set a $33.00 price target on shares of WBI in a research report on Monday, March 16th. Wall Street Zen upgraded shares of WBI from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Weiss Ratings upgraded shares of WBI from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 18th. Finally, Morgan Stanley boosted their price target on shares of WBI from $34.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, May 20th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $32.40.

WBI Stock Up 1.7%

The firm has a market cap of $3.91 billion and a price-to-earnings ratio of 126.80. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.79. The stock has a fifty day moving average price of $27.52.

WBI Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Thursday, June 4th. WBI’s dividend payout ratio is 80.00%.

WBI Company Profile

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