WBI (NYSE:WBI) Stock Gets Downgrade from Wall Street Zen

WBI (NYSE:WBI – Get Free Report) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday, Wall Street Zen reports.

WBI has been the subject of several other research reports. Weiss Ratings raised shares of WBI from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 9th. Barclays decreased their target price on shares of WBI from $34.00 to $33.00 and set an “overweight” rating for the company in a research report on Friday. JPMorgan Chase & Co. started coverage on shares of WBI in a report on Tuesday, August 18th. They issued an “overweight” rating and a $38.00 price target on the stock. Wells Fargo & Company increased their price target on WBI from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, August 14th. Finally, The Goldman Sachs Group lifted their price objective on WBI from $36.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday, July 15th. Two 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $36.62.

View Our Latest Stock Analysis on WBI

WBI Price Performance

Shares of NYSE:WBI opened at $24.78 on Friday. WBI has a twelve month low of $18.64 and a twelve month high of $36.89. The company’s 50 day moving average is $29.90 and its 200 day moving average is $29.02. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.98. The company has a market cap of $3.06 billion, a PE ratio of 123.90 and a beta of 0.14.

WBI (NYSE:WBI – Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. The business had revenue of $240.16 million during the quarter. WBI had a net margin of 1.19% and a return on equity of 1.19%. On average, sell-side analysts forecast that WBI will post 0.48 EPS for the current year.

WBI Company Profile

(Get Free Report)

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

Further Reading

Analyst Recommendations for WBI (NYSE:WBI)

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