WBI (NYSE:WBI) Stock Has Consensus Target Price of $36.71 According to Analysts

WBI (NYSE:WBI) has been assigned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $36.71.

WBI has been the topic of several research analyst reports. Raymond James Financial restated a “strong-buy” rating and issued a $40.00 price objective on shares of WBI in a research note on Tuesday, August 18th. Morgan Stanley upped their target price on shares of WBI from $38.00 to $43.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Wall Street Zen raised shares of WBI from a “sell” rating to a “hold” rating in a report on Sunday, August 23rd. JPMorgan Chase & Co. initiated coverage on shares of WBI in a research report on Tuesday, August 18th. They issued an “overweight” rating and a $38.00 price target on the stock. Finally, Weiss Ratings upgraded shares of WBI from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 13th.

WBI Price Performance

Shares of NYSE:WBI opened at $29.82 on Wednesday. The company has a market cap of $3.68 billion and a price-to-earnings ratio of 372.76. The business has a 50 day moving average price of $32.28 and a 200 day moving average price of $30.26. 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 twelve month low of $18.64 and a twelve month high of $36.89.

WBI (NYSE:WBI) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.10 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. Research analysts predict that WBI will post 0.31 earnings per share for the current year.

WBI Announces Dividend

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

WBI Company Profile

WBI Holdings, Inc was a holding company associated with businesses in the natural gas industry. Through its subsidiaries, the company was involved primarily in the transmission, storage and related transportation of natural gas.

Its operations served energy markets in the northern United States, including areas connected to the Williston Basin and surrounding states. The company’s activities supported the movement of natural gas from production regions to utilities, industrial customers and other end users.

Publicly available information about WBI Holdings, Inc’s current operating status, leadership and corporate structure is limited, and the company is not generally identified as an active operating company under the NYSE:WBI symbol.