Shares of WBI (NYSE:WBI – Get Free Report) have received a consensus rating of “Moderate Buy” from the five analysts that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $32.40.
Several equities analysts have issued reports on WBI shares. Morgan Stanley upped their price target on shares of WBI from $34.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday. UBS Group set a $33.00 price objective on shares of WBI in a research note on Monday, March 16th. The Goldman Sachs Group upgraded WBI from a “neutral” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Monday, April 20th. Weiss Ratings raised WBI from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. Finally, Barclays lifted their target price on WBI from $29.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday.
WBI Price Performance
WBI Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, June 4th. WBI’s dividend payout ratio (DPR) is 80.00%.
About WBI
WaterBridge Infrastructure LLC is an integrated, pure-play water infrastructure company. WaterBridge Infrastructure LLC is based in HOUSTON.
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