WBI (NYSE:WBI) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded WBI from “hold” to “sell,” contrasting with a broader analyst consensus of “Moderate Buy” and an average price target of $35.60.
• WBI shares opened at $31.64, up 1.2%, while the company reported quarterly EPS of $0.10 on revenue of $217.77 million. Its valuation remains elevated, with a P/E ratio of 395.49.
• Insiders sold 19.44 million shares worth approximately $584.2 million over the past three months; insiders still own 50.61% of the company.

WBI (NYSE:WBI - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday.

Several other equities research analysts have also issued reports on the stock. Barclays increased their price objective on shares of WBI from $29.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, May 21st. Weiss Ratings upgraded shares of WBI from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday. Morgan Stanley upped their price target on shares of WBI from $38.00 to $43.00 and gave the stock an "overweight" rating in a research report on Wednesday. Wells Fargo & Company upped their price target on shares of WBI from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Friday. Finally, The Goldman Sachs Group increased their price target on WBI from $36.00 to $41.00 and gave the company a "buy" rating in a report on Wednesday, July 15th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, WBI currently has a consensus rating of "Moderate Buy" and an average target price of $35.60.

WBI Stock Up 1.2%

Shares of NYSE:WBI opened at $31.64 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.30 and a current ratio of 1.54. WBI has a 1 year low of $18.64 and a 1 year high of $36.89. The stock has a market capitalization of $3.91 billion and a P/E ratio of 395.49. The stock has a 50-day simple moving average of $32.59 and a 200-day simple moving average of $28.65.

WBI (NYSE:WBI - Get Free Report) last posted its 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 firm had revenue of $217.77 million during the quarter. Equities analysts forecast that WBI will post 0.46 earnings per share for the current year.

Insider Activity

In other WBI news, Director David N. Capobianco sold 5,894,826 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $30.05, for a total value of $177,139,521.30. Following the completion of the sale, the director owned 1,980,921 shares of the company's stock, valued at $59,526,676.05. This trade represents a 74.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Energy Corp/De Devon sold 1,755,174 shares of WBI 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 $52,742,978.70. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 19,439,652 shares of company stock worth $584,161,543 over the last three months. Insiders own 50.61% of the company's stock.

WBI Company Profile

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

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