WBI (NYSE:WBI) Reaches New 12-Month High – Still a Buy?
by Amy Steele · The Cerbat GemWBI (NYSE:WBI – Get Free Report)’s share price hit a new 52-week high on Tuesday . The company traded as high as $31.90 and last traded at $31.52, with a volume of 84070 shares traded. The stock had previously closed at $31.16.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on WBI shares. Weiss Ratings raised shares of WBI from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, May 18th. Wall Street Zen raised shares of WBI from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Barclays increased their price objective on shares of WBI from $29.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. UBS Group set a $33.00 price objective on shares of WBI in a report on Monday, March 16th. Finally, Wells Fargo & Company boosted their price objective on WBI from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Friday, March 13th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $32.40.
Check Out Our Latest Stock Report on WBI
WBI Price Performance
The stock has a 50 day moving average price of $27.84. The stock has a market capitalization of $3.63 billion and a P/E ratio of 117.62. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.79.
WBI Dividend Announcement
The business also recently disclosed 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 dividend yield of 0.7%. WBI’s dividend payout ratio (DPR) is presently 80.00%.
About WBI
WaterBridge Infrastructure LLC is an integrated, pure-play water infrastructure company. WaterBridge Infrastructure LLC is based in HOUSTON.