WBI's (WBI) "Overweight" Rating Reaffirmed at Piper Sandler

Key Points

• Piper Sandler reaffirmed its “overweight” rating on WBI and maintained a $37 price target, implying approximately 25.4% upside from the reported $29.50 share price.
• Analyst sentiment remains positive overall: WBI has a consensus “Moderate Buy” rating and an average price target of $36.75, with targets ranging from $34 to $43.
• WBI shares fell 1.0% to $29.50, while the company reported quarterly EPS of $0.10 on revenue of $217.77 million; analysts expect full-year EPS of $0.31.

WBI (NYSE:WBI - Get Free Report)'s stock had its "overweight" rating reaffirmed by analysts at Piper Sandler in a research report issued to clients and investors on Monday, Benzinga reports. They presently have a $37.00 price objective on the stock. Piper Sandler's target price would suggest a potential upside of 25.40% from the stock's current price.

A number of other research analysts have also issued reports on the company. The Goldman Sachs Group lifted their target price on WBI from $36.00 to $41.00 and gave the company a "buy" rating in a report on Wednesday, July 15th. Wall Street Zen raised WBI from a "sell" rating to a "hold" rating in a research report on Sunday, August 23rd. Barclays lifted their price objective on WBI from $33.00 to $34.00 and gave the company an "overweight" rating in a research note on Wednesday, August 19th. JPMorgan Chase & Co. initiated coverage on WBI in a research report on Tuesday, August 18th. They set an "overweight" rating and a $38.00 price objective for the company. Finally, Morgan Stanley raised their target price on shares of WBI from $38.00 to $43.00 and gave the company an "overweight" rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $36.75.

WBI Trading Down 1.0%

Shares of WBI stock traded down $0.29 on Monday, reaching $29.50. The company had a trading volume of 87,994 shares, compared to its average volume of 899,834. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.54 and a current ratio of 1.54. The firm has a market cap of $3.64 billion and a PE ratio of 367.74. The firm's 50 day moving average price is $32.28 and its two-hundred day moving average price is $30.26. WBI has a 52-week low of $18.64 and a 52-week high of $36.89.

WBI (NYSE:WBI - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.10 EPS for the quarter. WBI had a return on equity of 0.85% and a net margin of 0.54%.The company had revenue of $217.77 million for the quarter. Sell-side analysts predict that WBI will post 0.31 earnings per share for the current fiscal year.

About WBI

WBI Holdings, Inc was a holding company associated with businesses in the natural gas industry. Through its subsidiaries, the company was involved primarily in the transmission, storage and related transportation of natural gas.

Its operations served energy markets in the northern United States, including areas connected to the Williston Basin and surrounding states. The company's activities supported the movement of natural gas from production regions to utilities, industrial customers and other end users.

Publicly available information about WBI Holdings, Inc's current operating status, leadership and corporate structure is limited, and the company is not generally identified as an active operating company under the NYSE:WBI symbol.

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