Morgan Stanley Forecasts Strong Price Appreciation for WBI (NYSE:WBI) Stock

WBI (NYSE:WBI) had its target price upped by equities researchers at Morgan Stanley from $34.00 to $38.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 24.69% from the stock’s current price.

WBI has been the topic of several other research reports. The Goldman Sachs Group upgraded shares of WBI from a “neutral” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Monday, April 20th. Wells Fargo & Company increased their price target 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. UBS Group set a $33.00 price target on shares of WBI in a research report on Monday, March 16th. Wall Street Zen upgraded shares of WBI from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Finally, Weiss Ratings upgraded shares of WBI from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, WBI presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.25.

WBI Trading Down 0.7%

WBI stock traded down $0.21 on Wednesday, hitting $30.48. The company had a trading volume of 184,209 shares, compared to its average volume of 789,827. WBI has a 12-month low of $18.64 and a 12-month high of $31.52. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.79. The company has a 50-day moving average of $27.05. The company has a market capitalization of $3.76 billion and a PE ratio of 122.06.

WBI Company Profile

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