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

Wall Street Zen upgraded shares of WBI (NYSE:WBIFree Report) from a sell rating to a hold rating in a research report report published on Saturday morning.

Several other equities analysts have also recently commented on the company. Weiss Ratings started coverage on WBI in a research note on Wednesday, January 14th. They set a “sell (e-)” rating for the company. UBS Group set a $33.00 price target on WBI in a research report on Monday, March 16th. Wells Fargo & Company boosted their target price 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. Finally, The Goldman Sachs Group raised their target price on shares of WBI from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $28.33.

Read Our Latest Report on WBI

WBI Price Performance

WBI opened at $25.68 on Friday. The firm has a market cap of $3.17 billion and a PE ratio of -1,283.80. The company has a 50 day simple moving average of $24.10. WBI has a 12 month low of $18.64 and a 12 month high of $27.57. The company has a quick ratio of 3.36, a current ratio of 1.38 and a debt-to-equity ratio of 0.77.

WBI Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, March 5th. WBI’s dividend payout ratio is currently -1,000.00%.

About WBI

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

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