WBI (NYSE:WBI – Get Free Report) has been given an average rating of “Moderate Buy” by the five analysts that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $32.40.
Several research analysts have commented on WBI shares. Wells Fargo & Company boosted their price objective on shares of WBI from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Friday, March 13th. Barclays raised their price objective on WBI from $29.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday. Weiss Ratings raised WBI from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. Wall Street Zen raised shares of WBI from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Finally, UBS Group set a $33.00 price target on shares of WBI in a report on Monday, March 16th.
Check Out Our Latest Report on WBI
WBI Trading Up 1.0%
WBI Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, June 4th. WBI’s payout ratio is presently 80.00%.
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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