WBI (NYSE:WBI) Hits New 52-Week High – Time to Buy?

WBI (NYSE:WBI) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $33.73 and last traded at $34.0610, with a volume of 185118 shares trading hands. The stock had previously closed at $30.50.

Wall Street Analysts Forecast Growth

WBI has been the subject of a number of analyst reports. The Goldman Sachs Group lifted their target price on shares of WBI from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, May 29th. UBS Group set a $33.00 target price on shares of WBI in a research note on Monday, March 16th. Morgan Stanley lifted their target price on shares of WBI from $34.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th. Wells Fargo & Company lifted their target price on shares of WBI from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Friday, March 13th. Finally, Wall Street Zen upgraded shares of WBI from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. 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 MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $33.20.

WBI Stock Up 15.4%

The stock has a market capitalization of $4.34 billion and a P/E ratio of 141.21. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.30 and a current ratio of 1.30. The firm’s 50-day moving average is $28.50.

WBI Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be given a $0.05 dividend. 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 0.6%. WBI’s dividend payout ratio (DPR) is currently 80.00%.

WBI Company Profile

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