WBI (NYSE:WBI) Sets New 52-Week High – Here’s Why

WBI (NYSE:WBIGet Free Report)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $29.23 and last traded at $28.43, with a volume of 35641 shares traded. The stock had previously closed at $28.47.

Analyst Ratings Changes

WBI has been the topic of several recent research reports. UBS Group set a $33.00 price target on shares of WBI in a research report on Monday, March 16th. Wells Fargo & Company increased their price objective on WBI from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Friday, March 13th. The Goldman Sachs Group upgraded WBI from a “neutral” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Monday, April 20th. Wall Street Zen upgraded WBI from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Finally, Weiss Ratings began coverage on WBI in a research report on Wednesday, January 14th. They issued a “sell (e-)” rating for the company. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $31.25.

Check Out Our Latest Research Report on WBI

WBI Stock Performance

The firm has a market cap of $3.52 billion and a PE ratio of 167.32. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a 50 day moving average of $25.81.

WBI Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Investors 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 0.7%. The ex-dividend date of this dividend was Thursday, March 5th. WBI’s payout ratio is 117.65%.

About WBI

(Get Free Report)

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

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