WBI (WBI) – What Are Researchers Thinking About This Stock?

WBI (NYSE:WBI) has received an average recommendation of “Buy” from the eight brokerages that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $36.75.

WBI has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. began coverage on shares of WBI in a research report on Tuesday, August 18th. They issued an “overweight” rating and a $38.00 price target on the stock. Wells Fargo & Company lifted their price objective on WBI from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, August 14th. Weiss Ratings raised WBI from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 9th. Piper Sandler started coverage on WBI in a research note on Monday, September 28th. They set an “overweight” rating and a $37.00 target price for the company. Finally, Wall Street Zen upgraded WBI from a “sell” rating to a “hold” rating in a research note on Sunday, August 23rd.

WBI Stock Performance

WBI opened at $28.40 on Friday. The company has a market cap of $3.51 billion and a PE ratio of 85.66. The stock has a 50-day moving average of $30.69 and a 200-day moving average of $30.72. WBI has a 52-week low of $18.64 and a 52-week high of $36.89. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.54 and a current ratio of 1.54.

WBI (NYSE:WBI) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.10 earnings per share for the quarter. WBI had a return on equity of 0.85% and a net margin of 0.54%. The business had revenue of $217.77 million for the quarter. As a group, equities research analysts forecast that WBI will post 0.39 earnings per share for the current fiscal year.

WBI Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, August 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.7%. WBI’s payout ratio is 250.00%.

About WBI