WBI (NYSE:WBI) Upgraded to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen upgraded WBI from “sell” to “hold,” while the broader analyst consensus remains “Moderate Buy” with an average price target of $36.71.
• WBI opened at $31.67, with a $3.91 billion market capitalization and a 12-month trading range of $18.64 to $36.89. The company reported quarterly EPS of $0.10 on revenue of $217.77 million.
• Insiders sold approximately 19.4 million shares worth $584.2 million over the past 90 days, though insiders still own 50.61% of the company.

WBI (NYSE:WBI - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Sunday.

Several other equities research analysts have also recently weighed in on WBI. The Goldman Sachs Group boosted their target price on WBI from $36.00 to $41.00 and gave the stock a "buy" rating in a research note on Wednesday, July 15th. Raymond James Financial reiterated a "strong-buy" rating and issued a $40.00 price target on shares of WBI in a research note on Tuesday. Wells Fargo & Company raised their price objective 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. JPMorgan Chase & Co. began coverage on shares of WBI in a research report on Tuesday, August 18th. They set an "overweight" rating and a $38.00 price objective for the company. Finally, Barclays upped their target price on shares of WBI from $33.00 to $34.00 and gave the company an "overweight" rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, WBI currently has an average rating of "Moderate Buy" and an average price target of $36.71.

WBI Price Performance

WBI stock opened at $31.67 on Friday. The stock has a market cap of $3.91 billion and a P/E ratio of 395.88. The company has a fifty day simple moving average of $32.74 and a 200-day simple moving average of $29.00. WBI has a 12-month low of $18.64 and a 12-month high of $36.89. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.88.

WBI (NYSE:WBI - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.10 EPS for the quarter. The firm had revenue of $217.77 million for the quarter. WBI had a return on equity of 0.85% and a net margin of 0.54%. Equities analysts expect that WBI will post 0.45 EPS for the current fiscal year.

Insider Buying and Selling

In other WBI news, major shareholder Energy Corp/De Devon sold 1,755,174 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 $52,742,978.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Wbr Holdings Llc sold 5,894,826 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 value of $177,139,521.30. Following the completion of the transaction, the insider owned 1,980,921 shares in the company, valued at $59,526,676.05. This trade represents a 74.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 19,439,652 shares of company stock valued at $584,161,543 over the last 90 days. 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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