WBI (NYSE:WBI) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of WBI (NYSE:WBI) from a hold rating to a sell rating in a research note issued to investors on Saturday,Wall Street Zen reports.

Several other brokerages also recently issued reports on WBI. Weiss Ratings upgraded WBI from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 9th. Raymond James Financial reiterated a “strong-buy” rating on shares of WBI in a report on Thursday. Wells Fargo & Company increased their target price on WBI from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, August 14th. Morgan Stanley raised their price target on WBI from $38.00 to $43.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Finally, Barclays cut their price target on WBI from $34.00 to $33.00 and set an “overweight” rating for the company in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, WBI has an average rating of “Buy” and a consensus target price of $36.62.

WBI Stock Performance

Shares of WBI opened at $25.98 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.88. The stock has a market cap of $3.21 billion, a P/E ratio of 55.40 and a beta of 0.14. The company has a 50-day moving average of $29.78 and a two-hundred day moving average of $29.04. WBI has a 12-month low of $18.64 and a 12-month high of $36.89.

WBI (NYSE:WBI) last announced its quarterly earnings results 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%. As a group, research analysts predict that WBI will post 0.48 EPS for the current fiscal year.

WBI Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders 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 dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 25th. WBI’s dividend payout ratio (DPR) is currently 100.00%.

WBI Company Profile

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