WBI (NYSE:WBI) Stock Has Average Target Price of $36.62

WBI (NYSE:WBI) has received an average rating of “Buy” from the eight research firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $36.62.

A number of equities analysts have commented on WBI shares. Wells Fargo & Company upped their price objective on shares of WBI from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, August 14th. Wall Street Zen lowered shares of WBI from a “hold” rating to a “sell” rating in a research note on Saturday, November 7th. The Goldman Sachs Group boosted their price target on shares of WBI from $36.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, July 15th. Piper Sandler started coverage on shares of WBI in a report on Monday, September 28th. They set an “overweight” rating and a $37.00 price target for the company. Finally, Weiss Ratings downgraded shares of WBI from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday.

WBI Price Performance

WBI stock opened at $27.99 on Thursday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.17 and a quick ratio of 1.17. The business has a 50 day simple moving average of $29.58 and a 200-day simple moving average of $29.08. WBI has a 12 month low of $18.64 and a 12 month high of $36.89. The stock has a market capitalization of $3.46 billion, a PE ratio of 139.97 and a beta of 0.14.

WBI (NYSE:WBI) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.10. The firm had revenue of $240.16 million for the quarter. WBI had a net margin of 1.19% and a return on equity of 1.19%. Equities analysts predict that WBI will post 0.48 earnings per share for the current year.

WBI Dividend Announcement

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

WBI Company Profile

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