WBI (NYSE:WBI) Stock Price Target Raised at Wells Fargo & Company

WBI (NYSE:WBI) had its target price raised by stock analysts at Wells Fargo & Company from $28.00 to $31.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 10.74% from the stock’s previous close.

WBI has been the topic of several other reports. Barclays lowered their target price on shares of WBI from $34.00 to $33.00 and set an “overweight” rating on the stock in a research report on Friday, November 6th. Morgan Stanley boosted their price target on WBI from $38.00 to $43.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. The Goldman Sachs Group upped their price target on WBI from $36.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, July 15th. Weiss Ratings lowered WBI from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday. Finally, Piper Sandler began coverage on WBI in a research note on Monday, September 28th. They issued an “overweight” rating and a $37.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $37.00.

WBI Stock Performance

WBI stock opened at $27.99 on Thursday. The firm has a 50 day moving average of $29.58 and a two-hundred day moving average of $29.08. WBI has a 12 month low of $18.64 and a 12 month high of $36.89. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of 139.97 and a beta of 0.14. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.98.

WBI (NYSE:WBI) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.10. WBI had a net margin of 1.19% and a return on equity of 1.19%. The business had revenue of $240.16 million for the quarter. As a group, equities analysts anticipate that WBI will post 0.48 EPS for the current fiscal year.

About WBI

WaterBridge Infrastructure LLC is an integrated, pure-play water infrastructure company. WaterBridge Infrastructure LLC is based in HOUSTON.