WBI (NYSE:WBI) Given Average Recommendation of “Moderate Buy” by Brokerages

WBI (NYSE:WBI) has been given a consensus recommendation of “Moderate Buy” by the five ratings firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $33.20.

Several equities analysts have recently weighed in on WBI shares. Wells Fargo & Company increased 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. Weiss Ratings upgraded shares of WBI from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 18th. Wall Street Zen upgraded shares of WBI from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Barclays raised 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. Finally, UBS Group set a $33.00 price objective on shares of WBI in a research report on Monday, March 16th.

WBI Price Performance

Shares of WBI opened at $32.53 on Monday. The company has a market capitalization of $4.02 billion and a price-to-earnings ratio of 130.14. The company has a 50-day moving average of $28.65. WBI has a fifty-two week low of $18.64 and a fifty-two week high of $36.21. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.30 and a quick ratio of 1.30.

WBI Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, June 4th. This represents a $0.20 annualized dividend and a yield of 0.6%. WBI’s dividend payout ratio (DPR) is 80.00%.

About WBI

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