WBI (NYSE:WBI) Sets New 12-Month High – Still a Buy?

WBI (NYSE:WBI) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $28.97 and last traded at $26.6340, with a volume of 1520594 shares changing hands. The stock had previously closed at $28.34.

Wall Street Analyst Weigh In

Several research firms have recently commented on WBI. The Goldman Sachs Group raised 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. Wells Fargo & Company boosted their price target on shares of WBI from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Friday, March 13th. Weiss Ratings initiated coverage on shares of WBI in a report on Wednesday, January 14th. They set a “sell (e-)” rating for the company. Morgan Stanley raised their price objective on shares of WBI from $32.00 to $34.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 25th. Finally, UBS Group set a $33.00 price objective on WBI in a report on Monday, March 16th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, WBI has a consensus rating of “Reduce” and an average target price of $29.75.

WBI Stock Down 7.0%

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 stock’s fifty day simple moving average is $24.68. The firm has a market capitalization of $3.08 billion and a P/E ratio of 146.62.

WBI Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, March 5th. WBI’s dividend payout ratio (DPR) is currently 117.65%.

About WBI

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