WBI (NYSE:WBI) Sets New 52-Week High – Time to Buy?

WBI (NYSE:WBI)’s share price reached a new 52-week high on Friday . The company traded as high as $30.81 and last traded at $30.7910, with a volume of 360083 shares changing hands. The stock had previously closed at $29.80.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on WBI shares. UBS Group set a $33.00 price objective on shares of WBI in a research note on Monday, March 16th. Wells Fargo & Company increased their price target on WBI from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Friday, March 13th. Wall Street Zen raised WBI from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. The Goldman Sachs Group raised WBI from a “neutral” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Monday, April 20th. Finally, Morgan Stanley raised WBI from an “equal weight” rating to an “overweight” rating and set a $34.00 price target for the company in a research report on Wednesday, April 22nd. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $31.25.

WBI Trading Up 3.0%

The company has a market capitalization of $3.79 billion and a price-to-earnings ratio of 122.83. The stock’s 50-day simple moving average is $26.82. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.30 and a quick ratio of 1.38.

WBI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, June 4th. WBI’s dividend payout ratio is 80.00%.

About WBI

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