WBI (NYSE:WBI) Stock Price Up 6.1% Following Analyst Upgrade

Key Points

• WBI jumped 6.1% after The Goldman Sachs Group upgraded the stock from neutral to a buy and set a $32.00 price target; shares traded as high as $26.62 (last $26.6850) on unusually light volume of 60,221 shares (down ~93% from average).
• Analyst coverage is mixed—one Buy, two Hold and one Sell—resulting in a MarketBeat consensus rating of Hold with a consensus price target of $31.25.
• WBI pays a quarterly dividend of $0.05 (annualized $0.20, ~0.7% yield), but the dividend payout ratio is a high 117.65%, indicating the payout may not be sustainable.

WBI (NYSE:WBI - Get Free Report) shot up 6.1% on Monday after The Goldman Sachs Group upgraded the stock from a neutral rating to a buy rating. The Goldman Sachs Group now has a $32.00 price target on the stock. WBI traded as high as $26.62 and last traded at $26.6850. 60,221 shares traded hands during trading, a decline of 93% from the average session volume of 819,122 shares. The stock had previously closed at $25.14.

WBI has been the topic of several other research reports. Wells Fargo & Company lifted their target price on WBI from $25.00 to $26.00 and gave the company an "equal weight" rating in a research note on Friday, March 13th. Morgan Stanley boosted their price objective on WBI from $32.00 to $34.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 25th. Weiss Ratings started coverage on WBI in a research note on Wednesday, January 14th. They issued a "sell (e-)" rating on the stock. UBS Group set a $33.00 price objective on WBI in a research note on Monday, March 16th. Finally, Wall Street Zen raised WBI from a "sell" rating to a "hold" rating in a research note on Saturday, March 21st. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $31.25.

WBI Price Performance

The company has a debt-to-equity ratio of 0.77, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market cap of $3.29 billion and a PE ratio of 156.91. The business's 50 day moving average price is $25.51.

WBI Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Thursday, March 5th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, March 5th. This represents a $0.20 dividend on an annualized basis and a yield of 0.7%. WBI's dividend payout ratio is 117.65%.

WBI Company Profile

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

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.