WBI (NYSE:WBI – Get Free Report) has received a consensus rating of “Moderate Buy” from the five research firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $32.40.
Several research firms have commented on WBI. Morgan Stanley boosted their price target on shares of WBI from $34.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, May 20th. Weiss Ratings raised shares of WBI from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 18th. Wall Street Zen upgraded shares of WBI from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Wells Fargo & Company increased their target price on WBI from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Friday, March 13th. Finally, The Goldman Sachs Group upgraded WBI from a “neutral” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Monday, April 20th.
Get Our Latest Stock Analysis on WBI
WBI Stock Down 5.0%
WBI Dividend Announcement
The company 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 dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $0.20 annualized dividend and a dividend yield of 0.7%. WBI’s dividend payout ratio (DPR) is presently 80.00%.
About WBI
WaterBridge Infrastructure LLC is an integrated, pure-play water infrastructure company. WaterBridge Infrastructure LLC is based in HOUSTON.
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