WBI (NYSE:WBI) Stock Price Expected to Rise, Barclays Analyst Says

Key Points

• Barclays raised WBI’s price target from $33 to $34 and maintained an “overweight” rating, implying 8.28% upside from the stock’s $31.40 price.
• Analyst sentiment is generally positive: WBI has a consensus “Moderate Buy” rating and an average price target of $36.71, though one firm downgraded the stock to “sell.”
• WBI reported quarterly EPS of $0.10 on revenue of $217.77 million, while insiders have sold 19.44 million shares worth about $584.2 million over the past 90 days.

WBI (NYSE:WBI - Get Free Report) had its price target raised by equities researchers at Barclays from $33.00 to $34.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Barclays's price target would suggest a potential upside of 8.28% from the stock's current price.

Other analysts also recently issued reports about the company. Raymond James Financial restated a "strong-buy" rating and set a $40.00 price objective on shares of WBI in a research report on Tuesday. Wells Fargo & Company increased their target price on shares of WBI from $26.00 to $28.00 and gave the stock an "equal weight" rating in a report on Friday, August 14th. Wall Street Zen lowered shares of WBI from a "hold" rating to a "sell" rating in a report on Saturday. JPMorgan Chase & Co. began coverage on shares of WBI in a research note on Tuesday. They issued 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 research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $36.71.

WBI Price Performance

Shares of WBI stock traded down $0.54 during trading on Wednesday, hitting $31.40. The company had a trading volume of 26,000 shares, compared to its average volume of 944,009. The firm has a market capitalization of $3.88 billion and a P/E ratio of 391.50. WBI has a one year low of $18.64 and a one year 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 stock's 50-day moving average price is $32.69 and its 200 day moving average price is $28.84.

WBI (NYSE:WBI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.10 earnings per share (EPS) for the quarter. WBI had a net margin of 0.54% and a return on equity of 0.85%. The business had revenue of $217.77 million for the quarter. Equities analysts expect that WBI will post 0.46 EPS for the current fiscal year.

Insider Activity at WBI

In related news, Director David N. Capobianco sold 5,894,826 shares of the company's stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $30.05, for a total transaction of $177,139,521.30. Following the sale, the director owned 1,980,921 shares of the company's stock, valued at approximately $59,526,676.05. This represents a 74.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Wbr Holdings Llc sold 5,894,826 shares of the stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $30.05, for a total transaction of $177,139,521.30. Following the completion of the sale, the insider owned 1,980,921 shares in the company, valued at $59,526,676.05. This represents a 74.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 19,439,652 shares of company stock worth $584,161,543. 50.61% of the stock is currently owned by company insiders.

About WBI

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

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