WBI (NYSE:WBI) Stock Price Down 6.4% – Time to Sell?

WBI (NYSE:WBI) shares traded down 6.4% on Wednesday . The company traded as low as $25.02 and last traded at $25.0830. 368,618 shares were traded during trading, a decline of 57% from the average session volume of 855,522 shares. The stock had previously closed at $26.79.

Wall Street Analyst Weigh In

WBI has been the topic of several analyst reports. 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 report on Friday, March 13th. The Goldman Sachs Group upped their target price on shares of WBI from $23.00 to $26.00 and gave the company a “neutral” rating in a research report on Tuesday, March 17th. Morgan Stanley raised their price target on WBI from $32.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 25th. Weiss Ratings started coverage on WBI in a research note on Wednesday, January 14th. They set a “sell (e-)” rating for the company. Finally, Wall Street Zen raised WBI from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $29.75.

WBI Stock Performance

The firm’s 50-day moving average is $24.64. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a market cap of $3.10 billion and a price-to-earnings ratio of 147.38.

WBI Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Thursday, March 5th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, March 5th. WBI’s payout ratio is currently 117.65%.

About WBI

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