WBI (NYSE:WBI - Get Free Report) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $30.63 and last traded at $30.5550, with a volume of 100855 shares changing hands. The stock had previously closed at $30.03.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on WBI. Wall Street Zen raised WBI from a "sell" rating to a "hold" rating in a research report on Saturday, March 21st. UBS Group set a $33.00 target price on WBI in a research report on Monday, March 16th. Weiss Ratings began coverage on WBI in a research report on Wednesday, January 14th. They issued a "sell (e-)" rating on the stock. Morgan Stanley raised WBI from an "equal weight" rating to an "overweight" rating and set a $34.00 target price on the stock in a research report on Wednesday, April 22nd. Finally, Wells Fargo & Company boosted their target price on WBI from $25.00 to $26.00 and gave the company an "equal weight" rating in a research report on Friday, March 13th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $31.25.
Read Our Latest Analysis on WBI
WBI Stock Up 2.1%
The firm has a 50-day simple moving average of $26.16. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market capitalization of $3.78 billion and a price-to-earnings ratio of 180.28.
WBI Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Thursday, March 5th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, March 5th. WBI's dividend payout ratio is 117.65%.
WBI Company Profile
(
Get Free Report)
WaterBridge Infrastructure LLC is an integrated, pure-play water infrastructure company. WaterBridge Infrastructure LLC is based in HOUSTON.
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