WBI (NYSE:WBI) Receives $34.20 Average Price Target from Brokerages

WBI (NYSE:WBIGet Free Report) has earned a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $34.20.

A number of research analysts have weighed in on WBI shares. Wall Street Zen upgraded shares of WBI from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Barclays lifted their target price 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. Weiss Ratings raised WBI from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, May 18th. The Goldman Sachs Group lifted 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. Finally, Morgan Stanley raised their target price on WBI from $34.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th.

Read Our Latest Research Report on WBI

Insider Activity

In related news, major shareholder Wbr Holdings Llc sold 5,894,826 shares of the company’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $30.05, for a total transaction of $177,139,521.30. Following the transaction, the insider directly owned 1,980,921 shares of the company’s stock, valued at approximately $59,526,676.05. The trade was a 74.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Energy Corp/De Devon sold 1,755,174 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $30.05, for a total transaction of $52,742,978.70. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 19,439,652 shares of company stock valued at $584,161,543. Company insiders own 50.61% of the company’s stock.

WBI Price Performance

Shares of WBI stock opened at $32.14 on Tuesday. WBI has a 12-month low of $18.64 and a 12-month high of $36.89. The company’s fifty day simple moving average is $32.46 and its two-hundred day simple moving average is $28.45. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.79. The firm has a market cap of $3.97 billion and a PE ratio of 401.75.

WBI (NYSE:WBIGet Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $217.77 million during the quarter. WBI had a return on equity of 0.84% and a net margin of 0.54%. As a group, equities analysts expect that WBI will post 0.55 EPS for the current year.

WBI Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 27th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 27th. WBI’s dividend payout ratio is currently 250.00%.

WBI Company Profile

(Get Free Report)

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

See Also

Analyst Recommendations for WBI (NYSE:WBI)

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