WBI (NYSE:WBI) Receives Average Rating of “Moderate Buy” from Analysts

WBI (NYSE:WBIGet 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%

NYSE:WBI opened at $29.60 on Thursday. WBI has a 52 week low of $18.64 and a 52 week high of $31.90. The stock’s fifty day moving average price is $27.75. The firm has a market capitalization of $3.65 billion and a PE ratio of 118.41. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.79.

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

(Get Free Report)

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

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Analyst Recommendations for WBI (NYSE:WBI)

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