WBI (NYSE:WBI – Get Free Report) has earned an average rating of “Moderate Buy” from the five research firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $33.20.
A number of equities analysts recently issued reports on the stock. Barclays boosted their target price 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. UBS Group set a $33.00 target price on shares of WBI in a research report on Monday, March 16th. Morgan Stanley boosted their target price on shares of WBI from $34.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 20th. Weiss Ratings raised shares of WBI from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 18th. Finally, Wells Fargo & Company boosted their target price on shares of WBI from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Friday, March 13th.
Check Out Our Latest Report on WBI
WBI Trading Down 3.9%
WBI Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $0.20 dividend on an annualized basis and a yield of 0.6%. WBI’s payout ratio is 80.00%.
About WBI
WaterBridge Infrastructure LLC is an integrated, pure-play water infrastructure company. WaterBridge Infrastructure LLC is based in HOUSTON.
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