WBI (NYSE:WBI) Trading Down 6.4% - Here's Why

Key Points

• Shares fell 6.4% on Wednesday, trading down to about $25.08 with volume of 368,618 shares—roughly 57% below the average session volume.
• Wall Street's consensus rating is "Reduce" with a $29.75 target; recent analyst notes range from UBS's $33 target to Weiss Ratings' "sell", while Goldman Sachs and Wells Fargo have $26 targets.
• Key fundamentals: market cap ~$3.10B and a P/E of 147.38, plus a quarterly $0.05 dividend (0.8% yield) with a dividend payout ratio of 117.65%, indicating the payout currently exceeds reported earnings.

WBI (NYSE:WBI - Get Free Report)'s stock price fell 6.4% on Wednesday . The stock traded as low as $25.02 and last traded at $25.0830. 368,618 shares changed hands during trading, a decline of 57% from the average session volume of 855,522 shares. The stock had previously closed at $26.79.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. UBS Group set a $33.00 target price on WBI in a research note on Monday, March 16th. Wall Street Zen raised WBI from a "sell" rating to a "hold" rating in a report on Saturday, March 21st. The Goldman Sachs Group lifted their target price on shares of WBI from $23.00 to $26.00 and gave the company a "neutral" rating in a research note on Tuesday, March 17th. Weiss Ratings started coverage on WBI in a research note on Wednesday, January 14th. They issued a "sell (e-)" rating for the company. Finally, Wells Fargo & Company upped their price target on shares of WBI from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Friday, March 13th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price of $29.75.

WBI Trading Down 6.3%

The company's 50 day simple moving average is $24.64. The stock has a market capitalization of $3.10 billion and a P/E ratio of 147.38. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.77.

WBI Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Thursday, March 5th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Thursday, March 5th. WBI's dividend payout ratio (DPR) is presently 117.65%.

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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