WBI (NYSE:WBI – Get Free Report) shares were up 5.8% during trading on Friday . The stock traded as high as $28.21 and last traded at $28.16. Approximately 668,736 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 816,398 shares. The stock had previously closed at $26.62.
Analyst Upgrades and Downgrades
WBI has been the subject of several research analyst reports. Morgan Stanley upped their target price on WBI from $32.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Wednesday. The Goldman Sachs Group lifted their price target on shares of WBI from $23.00 to $26.00 and gave the company a “neutral” rating in a research note on Tuesday, March 17th. Wells Fargo & Company boosted 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. UBS Group set a $33.00 price objective on shares of WBI in a research report on Monday, March 16th. Finally, Weiss Ratings assumed coverage on shares of WBI in a report on Wednesday, January 14th. They set a “sell (e-)” rating on the stock. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $29.75.
View Our Latest Analysis on WBI
WBI Stock Performance
WBI Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Thursday, March 5th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Thursday, March 5th. WBI’s payout ratio is presently 117.65%.
WBI Company Profile
WaterBridge Infrastructure LLC is an integrated, pure-play water infrastructure company. WaterBridge Infrastructure LLC is based in HOUSTON.
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