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

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Morgan Stanley upped their price objective on shares of WBI from $34.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, May 20th. The Goldman Sachs Group upgraded shares of WBI from a “neutral” rating to a “buy” rating and set a $32.00 price objective on the stock in a report on Monday, April 20th. Weiss Ratings upgraded shares of WBI from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 18th. Wall Street Zen upgraded shares of WBI from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Finally, Wells Fargo & Company upped their price objective on shares of WBI from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Friday, March 13th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $32.40.

WBI Stock Up 1.7%

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

WBI Announces Dividend

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

WBI Company Profile

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