Morgan Stanley Forecasts Strong Price Appreciation for WBI (NYSE:WBI) Stock

WBI (NYSE:WBIGet Free Report) had its price objective raised by research analysts at Morgan Stanley from $32.00 to $34.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s target price would indicate a potential upside of 27.66% from the company’s previous close.

Several other analysts also recently weighed in on the stock. The Goldman Sachs Group boosted their target price on shares of WBI from $23.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 17th. UBS Group set a $33.00 price objective on shares of WBI in a research note on Monday, March 16th. Weiss Ratings started coverage on WBI in a report on Wednesday, January 14th. They issued a “sell (e-)” rating for the company. Wall Street Zen raised shares of WBI from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Finally, Wells Fargo & Company increased their price target on shares of WBI from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Friday, March 13th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, WBI currently has a consensus rating of “Reduce” and a consensus target price of $29.75.

Check Out Our Latest Research Report on WBI

WBI Stock Down 1.2%

WBI opened at $26.63 on Wednesday. WBI has a 52-week low of $18.64 and a 52-week high of $27.89. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $3.29 billion and a P/E ratio of 156.67. The firm’s 50-day moving average is $24.30.

WBI Company Profile

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

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