WBI (NYSE:WBI) Upgraded to “Buy” at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of WBI (NYSE:WBI) from a neutral rating to a buy rating in a research note released on Monday, Marketbeat reports. They currently have $32.00 target price on the stock.

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

WBI Stock Up 3.9%

Shares of WBI stock opened at $26.12 on Monday. The firm has a market cap of $3.22 billion and a PE ratio of 153.63. WBI has a 52-week low of $18.64 and a 52-week high of $28.97. The firm has a 50-day moving average of $25.55. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.38 and a quick ratio of 1.38.

WBI Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Thursday, March 5th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, March 5th. WBI’s payout ratio is currently 117.65%.

WBI Company Profile

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