WBI (NYSE:WBI) Hits New 12-Month High After Analyst Upgrade

WBI (NYSE:WBI) hit a new 52-week high on Wednesday after Morgan Stanley raised their price target on the stock from $32.00 to $34.00. Morgan Stanley currently has an equal weight rating on the stock. WBI traded as high as $27.89 and last traded at $27.4850, with a volume of 209833 shares traded. The stock had previously closed at $27.14.

Other equities research analysts have also recently issued reports about the company. UBS Group set a $33.00 price target on WBI in a research note on Monday, March 16th. Weiss Ratings started coverage on WBI in a research note on Wednesday, January 14th. They set a “sell (e-)” rating on the stock. The Goldman Sachs Group lifted their price objective on WBI from $23.00 to $26.00 and gave the company a “neutral” rating in a report on Tuesday, March 17th. Wells Fargo & Company upped their target price on WBI from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Friday, March 13th. Finally, Wall Street Zen raised WBI from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and an average target price of $29.75.

WBI Stock Down 1.2%

The business’s 50 day moving average is $24.30. The stock has a market capitalization of $3.29 billion and a price-to-earnings ratio of 156.67. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.38 and a quick ratio of 1.38.

WBI Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Thursday, March 5th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, March 5th. WBI’s dividend payout ratio (DPR) is currently 117.65%.

About WBI

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