The Goldman Sachs Group Issues Positive Forecast for WBI (NYSE:WBI) Stock Price

WBI (NYSE:WBI) had its target price hoisted by The Goldman Sachs Group from $32.00 to $36.00 in a research note released on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts have also recently issued reports on WBI. Barclays increased their target price on shares of WBI from $29.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. UBS Group set a $33.00 price target on shares of WBI in a report on Monday, March 16th. Morgan Stanley lifted their target price on shares of WBI from $34.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. Wall Street Zen upgraded shares of WBI from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Finally, Wells Fargo & Company lifted their target price on shares of WBI from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Friday, March 13th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, WBI has a consensus rating of “Moderate Buy” and an average target price of $33.20.

WBI Stock Down 0.7%

NYSE WBI opened at $29.27 on Friday. The stock has a market capitalization of $3.61 billion and a PE ratio of 117.06. WBI has a 52-week low of $18.64 and a 52-week high of $31.90. The business’s 50-day moving average price is $27.91. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.79.

WBI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $0.20 annualized dividend and a dividend yield of 0.7%. WBI’s payout ratio is presently 80.00%.

WBI Company Profile

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