WBI (NYSE:WBI) Stock Price Up 6.1% Following Analyst Upgrade

WBI (NYSE:WBI) shot up 6.1% during trading on Monday after The Goldman Sachs Group upgraded the stock from a neutral rating to a buy rating. The Goldman Sachs Group now has a $32.00 price target on the stock. WBI traded as high as $26.62 and last traded at $26.6850. 60,221 shares were traded during trading, a decline of 93% from the average session volume of 819,122 shares. The stock had previously closed at $25.14.

Several other research analysts also recently issued reports on the company. Weiss Ratings began coverage on WBI in a report on Wednesday, January 14th. They set a “sell (e-)” rating on the stock. Wells Fargo & Company upped their price objective on WBI from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Friday, March 13th. Morgan Stanley upped their price objective on WBI from $32.00 to $34.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 25th. UBS Group set a $33.00 price objective on WBI in a report on Monday, March 16th. Finally, Wall Street Zen raised WBI from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, WBI has an average rating of “Hold” and a consensus price target of $31.25.

WBI Trading Up 6.1%

The company’s 50 day simple moving average is $25.51. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market capitalization of $3.29 billion and a P/E ratio of 156.91.

WBI Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th were paid a $0.05 dividend. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.7%. WBI’s dividend payout ratio is 117.65%.

About WBI

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