WBI (NYSE:WBI) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts have a “Moderate Buy” consensus on WBI, with four buys, one strong buy and two holds. The average 12-month price target is $36.71, above the reported share price of $29.52.
• Recent analyst actions were generally positive, including Morgan Stanley raising its target to $43, JPMorgan initiating coverage with a $38 target and Barclays increasing its target to $34.
• WBI reported quarterly revenue of $217.77 million and EPS of $0.10, while announcing a $0.05 quarterly dividend, equivalent to a 0.7% yield. The company’s dividend payout ratio was high at 250%.

Shares of WBI (NYSE:WBI - Get Free Report) have received a consensus rating of "Moderate Buy" from the seven brokerages that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $36.7143.

A number of analysts recently commented on the company. Wall Street Zen raised WBI from a "sell" rating to a "hold" rating in a research report on Sunday, August 23rd. Barclays boosted their price objective on WBI from $33.00 to $34.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 19th. JPMorgan Chase & Co. assumed coverage on WBI in a research note on Tuesday, August 18th. They issued an "overweight" rating and a $38.00 price objective for the company. Wells Fargo & Company raised their target price on WBI from $26.00 to $28.00 and gave the company an "equal weight" rating in a research report on Friday, August 14th. Finally, Morgan Stanley lifted their target price on WBI from $38.00 to $43.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 12th.

WBI Trading Down 1.4%

Shares of WBI stock opened at $29.52 on Wednesday. WBI has a 52-week low of $18.64 and a 52-week high of $36.89. 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 company has a 50-day simple moving average of $32.59 and a two-hundred day simple moving average of $30.17. The company has a market capitalization of $3.65 billion and a price-to-earnings ratio of 369.06.

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

WBI Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Thursday, August 27th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Thursday, August 27th. WBI's dividend payout ratio (DPR) is 250.00%.

WBI Company Profile

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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