WBI (NYSE:WBI) Stock Picked Up by Analysts at Piper Sandler

Stock analysts at Piper Sandler began coverage on shares of WBI (NYSE:WBI) in a research report issued to clients and investors on Monday, Marketbeat.com reports. The firm set an “overweight” rating and a $37.00 price target on the stock. Piper Sandler’s target price suggests a potential upside of 25.94% from the stock’s current price.

WBI has been the subject of several other research reports. Weiss Ratings upgraded shares of WBI from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Morgan Stanley upped their target price on WBI from $38.00 to $43.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Barclays increased their price objective on shares of WBI from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Wednesday, August 19th. JPMorgan Chase & Co. started coverage on WBI in a research note on Tuesday, August 18th. They issued an “overweight” rating and a $38.00 price target on the stock. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $40.00 target price on shares of WBI in a report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $36.75.

WBI Stock Performance

NYSE WBI traded down $0.42 on Monday, hitting $29.38. 251,123 shares of the stock were exchanged, compared to its average volume of 900,746. WBI has a 52 week low of $18.64 and a 52 week high of $36.89. The company has a market capitalization of $3.63 billion and a PE ratio of 366.88. The business’s fifty day moving average is $32.28 and its 200 day moving average is $30.26. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.54 and a quick ratio of 1.54.

WBI (NYSE:WBI) last announced its earnings results on Wednesday, August 5th. The company reported $0.10 earnings per share for the quarter. The company had revenue of $217.77 million for the quarter. WBI had a return on equity of 0.85% and a net margin of 0.54%. Research analysts anticipate that WBI will post 0.31 EPS for the current fiscal year.

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.