WBI (NYSE:WBI) Price Target Raised to $31.00

WBI (NYSE:WBI) had its price target boosted by Wells Fargo & Company from $28.00 to $31.00 in a report published on Thursday, Marketbeat.com reports. They currently have an equal weight rating on the stock.

Other research analysts have also issued reports about the stock. Barclays lowered their target price on shares of WBI from $34.00 to $33.00 and set an “overweight” rating on the stock in a research report on Friday, November 6th. Weiss Ratings cut WBI from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, November 9th. Wall Street Zen downgraded WBI from a “hold” rating to a “sell” rating in a research report on Saturday, November 7th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of WBI in a research note on Thursday, November 5th. Finally, Piper Sandler began coverage on WBI in a research report on Monday, September 28th. They set an “overweight” rating and a $37.00 price objective for the company. Two investment 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 MarketBeat, WBI has an average rating of “Buy” and an average target price of $37.00.

WBI Stock Performance

NYSE:WBI traded up $0.26 during midday trading on Thursday, reaching $27.54. The stock had a trading volume of 409,050 shares, compared to its average volume of 625,172. The stock has a market cap of $3.40 billion, a P/E ratio of 137.70 and a beta of 0.14. The firm has a fifty day simple moving average of $29.39 and a two-hundred day simple moving average of $29.13. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.98. WBI has a 12-month low of $18.64 and a 12-month high of $36.89.

WBI (NYSE:WBI) last issued 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. WBI had a net margin of 1.19% and a return on equity of 1.19%. The business had revenue of $240.16 million for the quarter. On average, equities analysts expect that WBI will post 0.48 EPS for the current year.

WBI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, November 25th. WBI’s dividend payout ratio is presently 100.00%.

About WBI

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