WBI (NYSE:WBI) Hits New 52-Week High – Time to Buy?

WBI (NYSE:WBI – Get Free Report)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $33.73 and last traded at $34.0610, with a volume of 185118 shares trading hands. The stock had previously closed at $30.50.

Analyst Ratings Changes

A number of research firms have recently commented on WBI. The Goldman Sachs Group lifted their price target on shares of WBI from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, May 29th. UBS Group set a $33.00 price target on shares of WBI in a research report on Monday, March 16th. Wall Street Zen raised shares of WBI from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. 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. Finally, Weiss Ratings raised shares of WBI from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 18th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $33.20.

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WBI Stock Up 15.4%

The stock has a 50-day simple moving average of $28.50. The company has a market capitalization of $4.34 billion and a price-to-earnings ratio of 141.21. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.79.

WBI Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is 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

(Get Free Report)

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

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