WBI (NYSE:WBI) Stock Price Expected to Rise, Barclays Analyst Says

WBI (NYSE:WBI) had its target price increased by Barclays from $33.00 to $34.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective suggests a potential upside of 8.28% from the stock’s previous close.

Several other brokerages also recently issued reports on WBI. The Goldman Sachs Group upped their target price on shares of WBI from $36.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, July 15th. Raymond James Financial restated a “strong-buy” rating and issued a $40.00 price objective on shares of WBI in a report on Tuesday. Morgan Stanley increased their target price on WBI from $38.00 to $43.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Wall Street Zen lowered WBI from a “hold” rating to a “sell” rating in a report on Saturday. Finally, JPMorgan Chase & Co. began coverage on WBI in a research note on Tuesday. They issued an “overweight” rating and a $38.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $36.71.

WBI Trading Down 1.7%

WBI traded down $0.54 during trading on Wednesday, hitting $31.40. 26,000 shares of the stock traded hands, compared to its average volume of 944,009. The firm has a market capitalization of $3.88 billion and a P/E ratio of 391.50. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.54 and a quick ratio of 1.54. The firm has a 50-day moving average of $32.69 and a 200 day moving average of $28.84. WBI has a 12-month low of $18.64 and a 12-month high of $36.89.

WBI (NYSE:WBI) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.10 earnings per share for the quarter. The business had revenue of $217.77 million for the quarter. WBI had a net margin of 0.54% and a return on equity of 0.85%. Equities research analysts anticipate that WBI will post 0.46 EPS for the current year.

Insider Transactions at WBI

In other WBI news, major shareholder Energy Corp/De Devon sold 1,755,174 shares of the firm’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $30.05, for a total value of $52,742,978.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David N. Capobianco sold 5,894,826 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $30.05, for a total value of $177,139,521.30. Following the sale, the director owned 1,980,921 shares of the company’s stock, valued at approximately $59,526,676.05. This represents a 74.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 19,439,652 shares of company stock worth $584,161,543 in the last ninety days. Insiders own 50.61% of the company’s stock.

WBI Company Profile

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