WBI (NYSE:WBI) Stock Gets Price Target Trim from Barclays

WBI (NYSE:WBI) had its target price decreased by analysts at Barclays from $34.00 to $33.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price points to a potential upside of 34.26% from the stock’s previous close.

A number of other research firms have also recently weighed in on WBI. Wells Fargo & Company lifted their price objective on shares of WBI from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, August 14th. Morgan Stanley increased their target price on shares of WBI from $38.00 to $43.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. The Goldman Sachs Group raised their target price on WBI from $36.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, July 15th. JPMorgan Chase & Co. began coverage on WBI in a research report on Tuesday, August 18th. They set an “overweight” rating and a $38.00 target price on the stock. Finally, Piper Sandler started coverage on WBI in a research note on Monday, September 28th. They issued an “overweight” rating and a $37.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $36.62.

WBI Stock Performance

Shares of WBI traded up $0.63 during trading hours on Friday, hitting $24.58. The stock had a trading volume of 273,615 shares, compared to its average volume of 859,426. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.54 and a current ratio of 1.54. The firm has a 50-day moving average price of $30.06 and a 200 day moving average price of $29.01. WBI has a fifty-two week low of $18.64 and a fifty-two week high of $36.89. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 122.80 and a beta of 0.14.

WBI (NYSE:WBI) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.10. The firm 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%. As a group, research analysts anticipate that WBI will post 0.48 EPS for the current year.

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