WBI (WBI) - What Are Brokerages Thinking About This Stock?

Key Points

• Analyst sentiment is positive: Eight brokerages rate WBI an average “Buy,” with four Buy, two Strong Buy and two Hold ratings. The average 1-year price target is $36.75, versus a recent price of $28.54.
• Recent target prices range from $37 to $41, with Piper Sandler and JPMorgan initiating coverage at “Overweight,” while Goldman Sachs raised its target to $41 and Raymond James maintained a “Strong Buy” rating.
• WBI reported quarterly revenue of $217.77 million and earnings of $0.10 per share, but profitability remained modest, with a 0.54% net margin. The company pays a $0.20 annualized dividend, yielding approximately 0.7%.

Shares of WBI (NYSE:WBI - Get Free Report) have been given an average recommendation of "Buy" by the eight brokerages that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $36.75.

Several research analysts recently issued reports on the stock. Piper Sandler initiated coverage on shares of WBI in a research note on Monday, September 28th. They set an "overweight" rating and a $37.00 target price on the stock. The Goldman Sachs Group raised their price target on shares of WBI from $36.00 to $41.00 and gave the stock a "buy" rating in a report on Wednesday, July 15th. JPMorgan Chase & Co. initiated coverage on shares of WBI in a research note on Tuesday, August 18th. They issued an "overweight" rating and a $38.00 price target for the company. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $40.00 price target on shares of WBI in a research note on Tuesday, August 18th. Finally, Wall Street Zen upgraded shares of WBI from a "sell" rating to a "hold" rating in a report on Sunday, August 23rd.

WBI Price Performance

WBI stock opened at $28.54 on Friday. The stock has a market capitalization of $3.52 billion and a price-to-earnings ratio of 356.71. WBI has a 52-week low of $18.64 and a 52-week high of $36.89. The stock's 50 day moving average price is $30.92 and its two-hundred day moving average price is $30.60. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.54 and a current ratio of 1.54.

WBI (NYSE:WBI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.10 EPS for the quarter. The company had revenue of $217.77 million during the quarter. WBI had a net margin of 0.54% and a return on equity of 0.85%. On average, equities analysts predict that WBI will post 0.39 earnings per share for the current year.

WBI Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th were paid a $0.05 dividend. The ex-dividend date was Thursday, August 27th. This represents a $0.20 annualized dividend and a dividend yield of 0.7%. WBI's dividend payout ratio (DPR) is currently 250.00%.

About WBI

WBI Holdings, Inc was a diversified financial services company that operated primarily through its investment management business, WBI Investments. The company provided portfolio management and investment advisory services to individual and institutional clients.

Its offerings included exchange-traded funds, mutual funds and separately managed accounts. WBI's investment strategies generally emphasized income generation, risk management and preservation of capital across a range of market conditions.

The company was based in Edison, New Jersey, and served investors in the United States through its investment products and advisory relationships.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.