WBI (NYSE:WBI – Get Free Report)’s share price was up 6.1% during mid-day 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. Approximately 60,221 shares were traded during trading, a decline of 93% from the average daily volume of 819,122 shares. The stock had previously closed at $25.14.
Several other research firms have also weighed in on WBI. Wells Fargo & Company lifted their price objective on shares of WBI from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Friday, March 13th. Wall Street Zen upgraded shares of WBI from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Morgan Stanley lifted their price objective on shares of WBI from $32.00 to $34.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 25th. UBS Group set a $33.00 price objective on shares of WBI in a research note on Monday, March 16th. Finally, Weiss Ratings started coverage on shares of WBI in a research note on Wednesday, January 14th. They issued a “sell (e-)” rating for the company. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $31.25.
Read Our Latest Stock Analysis on WBI
WBI Stock Performance
WBI Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Thursday, March 5th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Thursday, March 5th. WBI’s payout ratio is 117.65%.
WBI Company Profile
WaterBridge Infrastructure LLC is an integrated, pure-play water infrastructure company. WaterBridge Infrastructure LLC is based in HOUSTON.
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