WBI (NYSE:WBI) Stock Rated “Buy” by Wall Street Brokerages

Shares of WBI (NYSE:WBI) have been given an average rating of “Buy” by the eight ratings firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $36.62.

WBI has been the topic of a number of research analyst reports. Morgan Stanley boosted their price objective on shares of WBI from $38.00 to $43.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Wall Street Zen lowered shares of WBI from a “hold” rating to a “sell” rating in a research report on Saturday, November 7th. The Goldman Sachs Group increased their target price on shares of WBI from $36.00 to $41.00 and gave the company a “buy” rating in a report on Wednesday, July 15th. JPMorgan Chase & Co. assumed coverage on shares of WBI in a research report on Tuesday, August 18th. They set an “overweight” rating and a $38.00 price target for the company. Finally, Piper Sandler began coverage on shares of WBI in a research report on Monday, September 28th. They set an “overweight” rating and a $37.00 price target for the company.

WBI Price Performance

Shares of NYSE WBI opened at $27.99 on Thursday. 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 one year low of $18.64 and a one year high of $36.89. The company’s fifty day moving average is $29.58 and its two-hundred day moving average is $29.08. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.17 and a current ratio of 1.17.

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

WBI Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be issued a $0.05 dividend. The ex-dividend date is Wednesday, November 25th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.7%. WBI’s dividend payout ratio is currently 100.00%.

WBI Company Profile

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