WBI (NYSE:WBI) Receives $33.20 Consensus Target Price from Analysts

Shares of WBI (NYSE:WBI) have received a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $33.20.

Several equities analysts have issued reports on the stock. Wells Fargo & Company upped their price target on shares of WBI from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Friday, March 13th. UBS Group set a $33.00 price target on shares of WBI in a research report on Monday, March 16th. Morgan Stanley upped their price target on shares of WBI from $34.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, May 20th. Barclays upped their price target on shares of WBI from $29.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. Finally, Weiss Ratings upgraded shares of WBI from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 18th.

WBI Price Performance

WBI stock opened at $31.89 on Monday. The stock’s 50 day moving average is $29.26. The firm has a market cap of $3.94 billion and a PE ratio of 127.55. WBI has a 1 year low of $18.64 and a 1 year high of $36.21. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.30 and a current ratio of 1.30.

WBI Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.6%. The ex-dividend date was Thursday, June 4th. WBI’s dividend payout ratio is 80.00%.

WBI Company Profile

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