Morgan Stanley Issues Positive Forecast for WBI (NYSE:WBI) Stock Price

WBI (NYSE:WBI) had its target price hoisted by Morgan Stanley from $32.00 to $34.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other research firms also recently commented on WBI. The Goldman Sachs Group upped their price objective on WBI from $23.00 to $26.00 and gave the company a “neutral” rating in a report on Tuesday, March 17th. Weiss Ratings initiated coverage on WBI in a research report on Wednesday, January 14th. They set a “sell (e-)” rating for the company. Wall Street Zen raised WBI from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Wells Fargo & Company lifted their price objective on shares of WBI from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Friday, March 13th. Finally, UBS Group set a $33.00 price objective on shares of WBI in a report on Monday, March 16th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $29.75.

WBI Stock Down 0.6%

WBI stock opened at $26.97 on Wednesday. WBI has a twelve month low of $18.64 and a twelve month high of $27.89. 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 firm has a market cap of $3.33 billion and a P/E ratio of 158.65. The company has a fifty day moving average of $24.26.

WBI Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th were issued a $0.05 dividend. The ex-dividend date 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 (DPR) is 117.65%.

WBI Company Profile

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