WBI (NYSE:WBI) Stock Rated “Buy” by Sell-Side Brokerages

Shares of WBI (NYSE:WBI) have been given an average recommendation of “Buy” by the eight research firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $36.75.

A number of research analysts have weighed in on WBI shares. Barclays lifted their price target on shares of WBI from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Wednesday, August 19th. JPMorgan Chase & Co. began coverage on shares of WBI in a research report on Tuesday, August 18th. They issued an “overweight” rating and a $38.00 price objective for the company. Morgan Stanley raised their target price on shares of WBI from $38.00 to $43.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Raymond James Financial restated a “strong-buy” rating and set a $40.00 target price on shares of WBI in a report on Tuesday, August 18th. Finally, Wells Fargo & Company upped their price target on shares of WBI from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, August 14th.

WBI Stock Performance

Shares of NYSE:WBI opened at $29.69 on Friday. The firm has a market capitalization of $3.67 billion and a PE ratio of 371.12. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.54 and a quick ratio of 1.54. The business has a 50-day moving average of $30.65 and a two-hundred day moving average of $30.71. WBI has a 12 month low of $18.64 and a 12 month high of $36.89.

WBI (NYSE:WBI) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.10 EPS for the quarter. WBI had a return on equity of 0.85% and a net margin of 0.54%. The company had revenue of $217.77 million for the quarter. As a group, research analysts forecast that WBI will post 0.39 earnings per share for the current year.

WBI Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th were given a $0.05 dividend. The ex-dividend date of this dividend was Thursday, August 27th. This represents a $0.20 annualized dividend and a yield of 0.7%. WBI’s dividend payout ratio (DPR) is 250.00%.

WBI Company Profile