WBI (NYSE:WBI) Stock Gets Price Target Trim from Barclays

WBI (NYSE:WBI) had its price objective cut by Barclays from $34.00 to $33.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target indicates a potential upside of 34.26% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Morgan Stanley raised their price target on shares of WBI from $38.00 to $43.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. JPMorgan Chase & Co. started coverage on shares of WBI in a report on Tuesday, August 18th. They issued an “overweight” rating and a $38.00 price objective on the stock. Wells Fargo & Company increased their price objective on shares of 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 shares of WBI from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 9th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of WBI in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $36.62.

WBI Stock Performance

Shares of NYSE:WBI traded up $0.63 during trading on Friday, hitting $24.58. The stock had a trading volume of 273,615 shares, compared to its average volume of 859,426. WBI has a 12-month low of $18.64 and a 12-month high of $36.89. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 122.80 and a beta of 0.14. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.88. The stock has a 50-day simple moving average of $30.06 and a two-hundred day simple moving average of $29.01.

WBI (NYSE:WBI) last issued its earnings results on Wednesday, November 4th. The company reported $0.10 EPS for the quarter, meeting analysts’ consensus estimates of $0.10. WBI had a return on equity of 1.19% and a net margin of 1.19%. The firm had revenue of $240.16 million for the quarter. On average, equities research analysts expect that WBI will post 0.48 earnings per share for the current fiscal year.

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