WBI (NYSE:WBI) Stock Has Average Price Target of $36.75

Shares of WBI (NYSE:WBI) have received an average rating of “Buy” from the eight brokerages that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $36.75.

WBI has been the subject of several research reports. The Goldman Sachs Group lifted their price target on shares of WBI from $36.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, July 15th. Wells Fargo & Company upped their price objective on shares of WBI from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, August 14th. Wall Street Zen upgraded shares of WBI from a “sell” rating to a “hold” rating in a report on Sunday, August 23rd. Barclays raised their price objective on shares of WBI from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, August 19th. Finally, Morgan Stanley lifted their price objective on shares of WBI from $38.00 to $43.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th.

WBI Trading Down 0.8%

NYSE WBI opened at $28.54 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.88. WBI has a 52 week low of $18.64 and a 52 week high of $36.89. The business has a 50 day moving average price of $30.92 and a 200-day moving average price of $30.60. The company has a market cap of $3.52 billion and a price-to-earnings ratio of 356.71.

WBI (NYSE:WBI) last issued its earnings results on Wednesday, August 5th. The company reported $0.10 earnings per share (EPS) for the quarter. WBI had a return on equity of 0.85% and a net margin of 0.54%. The company had revenue of $217.77 million for the quarter. As a group, equities analysts expect that WBI will post 0.39 earnings per share for the current fiscal year.

WBI Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Thursday, August 27th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Thursday, August 27th. WBI’s dividend payout ratio is currently 250.00%.

WBI Company Profile

WBI Holdings, Inc was a diversified financial services company that operated primarily through its investment management business, WBI Investments. The company provided portfolio management and investment advisory services to individual and institutional clients.

Its offerings included exchange-traded funds, mutual funds and separately managed accounts. WBI’s investment strategies generally emphasized income generation, risk management and preservation of capital across a range of market conditions.

The company was based in Edison, New Jersey, and served investors in the United States through its investment products and advisory relationships.