WBI (NYSE:WBI) Stock Bumped Down to Sell by Wall Street Zen

Wall Street Zen cut shares of WBI (NYSE:WBI) from a hold rating to a sell rating in a report published on Saturday morning,Wall Street Zen reports.

Other analysts have also recently issued research reports about the company. Barclays dropped their target price on WBI from $34.00 to $33.00 and set an “overweight” rating on the stock in a research report on Friday. Raymond James Financial reissued a “strong-buy” rating on shares of WBI in a research report on Thursday. Piper Sandler assumed coverage on WBI in a research note on Monday, September 28th. They set an “overweight” rating and a $37.00 price objective for the company. The Goldman Sachs Group raised their price objective on WBI from $36.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, July 15th. Finally, Wells Fargo & Company lifted their target price on WBI from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, August 14th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, WBI has a consensus rating of “Buy” and an average price target of $36.62.

WBI Price Performance

Shares of WBI opened at $24.78 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.54 and a current ratio of 1.54. The company has a 50 day moving average price of $29.90 and a 200-day moving average price of $29.02. WBI has a fifty-two week low of $18.64 and a fifty-two week high of $36.89. The stock has a market capitalization of $3.06 billion, a PE ratio of 123.90 and a beta of 0.14.

WBI (NYSE:WBI) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. The company had revenue of $240.16 million for the quarter. WBI had a net margin of 1.19% and a return on equity of 1.19%. Equities analysts predict that WBI will post 0.48 earnings per share for the current fiscal year.

WBI Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, November 25th. WBI’s payout ratio is 100.00%.

About WBI