WBI (NYSE:WBI) Price Target Raised to $26.00 at Wells Fargo & Company

WBI (NYSE:WBI) had its price objective boosted by Wells Fargo & Company from $25.00 to $26.00 in a research note published on Friday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Separately, Weiss Ratings started coverage on shares of WBI in a report on Wednesday, January 14th. They set a “sell (e-)” rating for the company. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, WBI currently has a consensus rating of “Reduce” and an average target price of $26.00.

WBI Price Performance

Shares of WBI opened at $25.32 on Friday. WBI has a 12 month low of $18.64 and a 12 month high of $27.57. The company has a debt-to-equity ratio of 0.90, a quick ratio of 3.36 and a current ratio of 3.36. The stock’s fifty day moving average is $23.97. The company has a market cap of $3.13 billion and a P/E ratio of -1,266.10.

WBI Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Thursday, March 5th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.8%. The ex-dividend date is Thursday, March 5th. WBI’s dividend payout ratio (DPR) is currently -1,000.00%.

About WBI

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