WBI (NYSE:WBI) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of WBI (NYSE:WBI) have received an average recommendation of “Moderate Buy” from the five research firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $33.20.

WBI has been the subject of a number of recent research reports. Barclays increased their price objective on shares of WBI from $29.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Morgan Stanley increased their price objective on shares of WBI from $34.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 20th. UBS Group set a $33.00 price objective on shares of WBI in a research note on Monday, March 16th. Wall Street Zen upgraded shares of WBI from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Finally, Weiss Ratings upgraded shares of WBI from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, May 18th.

WBI Price Performance

WBI stock opened at $32.53 on Monday. The business’s 50-day simple moving average is $28.65. WBI has a one year low of $18.64 and a one year high of $36.21. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market cap of $4.02 billion and a P/E ratio of 130.14.

WBI Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, June 4th. WBI’s dividend payout ratio (DPR) is 80.00%.

About WBI

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