Morgan Stanley Forecasts Strong Price Appreciation for WBI (NYSE:WBI) Stock

WBI (NYSE:WBI) had its price target raised by investment analysts at Morgan Stanley from $34.00 to $38.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 24.69% from the company’s previous close.

WBI has been the subject of a number of other reports. The Goldman Sachs Group upgraded shares of WBI from a “neutral” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Monday, April 20th. Wall Street Zen upgraded shares of WBI from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. UBS Group set a $33.00 target price on shares of WBI in a research report on Monday, March 16th. Weiss Ratings upgraded shares of WBI from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. Finally, Wells Fargo & Company upped their target price on shares of WBI from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Friday, March 13th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, WBI presently has an average rating of “Moderate Buy” and an average price target of $32.25.

WBI Trading Down 0.7%

Shares of WBI stock traded down $0.21 during trading hours on Wednesday, hitting $30.48. 184,209 shares of the company were exchanged, compared to its average volume of 789,827. The company’s fifty day moving average price is $27.05. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.30 and a quick ratio of 1.30. WBI has a 52-week low of $18.64 and a 52-week high of $31.52. The firm has a market cap of $3.76 billion and a PE ratio of 122.06.

About WBI

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