WBI (NYSE:WBI) Given New $31.00 Price Target at Wells Fargo & Company

WBI (NYSE:WBI) had its price target hoisted by investment analysts at Wells Fargo & Company from $28.00 to $31.00 in a research report issued on Thursday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target suggests a potential upside of 10.74% from the company’s previous close.

Several other equities research analysts also recently issued reports on the company. Weiss Ratings downgraded WBI from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday. Barclays lowered their target price on WBI from $34.00 to $33.00 and set an “overweight” rating on the stock in a research note on Friday, November 6th. The Goldman Sachs Group upped their target price on WBI from $36.00 to $41.00 and gave the company a “buy” rating in a report on Wednesday, July 15th. Morgan Stanley raised their price target on shares of WBI from $38.00 to $43.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Finally, Wall Street Zen downgraded shares of WBI from a “hold” rating to a “sell” rating in a research report on Saturday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $37.00.

WBI Price Performance

WBI opened at $27.99 on Thursday. The stock has a fifty day moving average of $29.58 and a 200-day moving average of $29.08. The firm has a market capitalization of $3.46 billion, a P/E ratio of 139.97 and a beta of 0.14. WBI has a 12-month low of $18.64 and a 12-month high of $36.89. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.98.

WBI (NYSE:WBI) last issued its earnings results on Wednesday, November 4th. The company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. WBI had a return on equity of 1.19% and a net margin of 1.19%. The business had revenue of $240.16 million during the quarter. Equities analysts forecast that WBI will post 0.48 EPS for the current fiscal year.

About WBI

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