WBI (NYSE:WBI) Given New $34.00 Price Target at Morgan Stanley

WBI (NYSE:WBI) had its target price raised by equities research analysts at Morgan Stanley from $32.00 to $34.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s target price indicates a potential upside of 25.25% from the stock’s current price.

Several other equities research analysts have also issued reports on WBI. UBS Group set a $33.00 target price on shares of WBI in a research note on Monday, March 16th. Weiss Ratings initiated coverage on WBI in a research report on Wednesday, January 14th. They set a “sell (e-)” rating on the stock. The Goldman Sachs Group boosted their price objective on WBI from $23.00 to $26.00 and gave the company a “neutral” rating in a research report on Tuesday, March 17th. Wall Street Zen raised WBI from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Wells Fargo & Company boosted their price target on shares of WBI from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Friday, March 13th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $29.75.

WBI Price Performance

Shares of WBI stock traded up $0.01 during mid-day trading on Wednesday, hitting $27.15. 423,314 shares of the stock traded hands, compared to its average volume of 817,428. The stock has a market capitalization of $3.35 billion and a PE ratio of 159.68. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.38 and a current ratio of 1.38. The stock’s fifty day moving average price is $24.20. WBI has a 52-week low of $18.64 and a 52-week high of $27.89.

About WBI

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