WBI (NYSE:WBI) Hits New 1-Year High – Still a Buy?

WBI (NYSE:WBI) shares hit a new 52-week high on Wednesday . The company traded as high as $27.89 and last traded at $27.4850, with a volume of 209833 shares changing hands. The stock had previously closed at $27.14.

Analysts Set New Price Targets

A number of brokerages recently commented on WBI. The Goldman Sachs Group boosted their target price on shares of WBI from $23.00 to $26.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 17th. UBS Group set a $33.00 price target on WBI in a research note on Monday, March 16th. Weiss Ratings initiated coverage on WBI in a report on Wednesday, January 14th. They set a “sell (e-)” rating for the company. Wells Fargo & Company upped their price objective on WBI from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Friday, March 13th. Finally, Wall Street Zen upgraded WBI from a “sell” rating to a “hold” rating in a report on Saturday. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $28.33.

WBI Stock Up 0.7%

The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.77. The business has a fifty day moving average of $24.20. The company has a market capitalization of $3.37 billion and a P/E ratio of 160.74.

WBI Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Thursday, March 5th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, March 5th. WBI’s dividend payout ratio (DPR) is 117.65%.

About WBI

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