WBI (NYSE:WBI) Hits New 52-Week High – Should You Buy?

WBI (NYSE:WBIGet Free Report)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $28.97 and last traded at $26.6340, with a volume of 1520594 shares changing hands. The stock had previously closed at $28.34.

Analyst Upgrades and Downgrades

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

Read Our Latest Stock Report on WBI

WBI Price Performance

The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $3.29 billion and a PE ratio of 156.67. The company has a 50 day moving average of $24.54.

WBI Announces Dividend

The company 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. The ex-dividend date was Thursday, March 5th. This represents a $0.20 dividend on an annualized basis and a yield of 0.8%. WBI’s dividend payout ratio (DPR) is presently 117.65%.

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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