WBI (NYSE:WBI) Upgraded to Overweight at Morgan Stanley

Morgan Stanley upgraded shares of WBI (NYSE:WBIFree Report) from an equal weight rating to an overweight rating in a research note published on Wednesday morning, MarketBeat.com reports. Morgan Stanley currently has $34.00 price objective on the stock.

Other equities research analysts have also recently issued research reports about the stock. Wells Fargo & Company lifted their price target on shares of WBI from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Friday, March 13th. UBS Group set a $33.00 price target on shares of WBI in a research note on Monday, March 16th. Wall Street Zen raised shares of WBI from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. The Goldman Sachs Group raised shares of WBI from a “neutral” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Monday. Finally, Weiss Ratings initiated coverage on shares of WBI in a research note on Wednesday, January 14th. They issued a “sell (e-)” rating on the stock. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, WBI has an average rating of “Hold” and a consensus target price of $31.25.

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WBI Stock Performance

WBI stock opened at $27.77 on Wednesday. The company has a fifty day moving average of $25.66. WBI has a 1 year low of $18.64 and a 1 year high of $28.97. The firm has a market cap of $3.43 billion and a PE ratio of 163.32. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Thursday, March 5th were issued a $0.05 dividend. 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 (DPR) is presently 117.65%.

WBI Company Profile

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

Further Reading

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