WBI (NYSE:WBI) Stock Price Target Lowered at Barclays

WBI (NYSE:WBI) had its price objective lowered by Barclays from $34.00 to $33.00 in a report published on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other analysts have also recently issued reports about the company. Wall Street Zen upgraded WBI from a “sell” rating to a “hold” rating in a research note on Sunday, August 23rd. The Goldman Sachs Group boosted their target price on WBI from $36.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, July 15th. Morgan Stanley upped their price target on WBI from $38.00 to $43.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Wells Fargo & Company upped their price target on WBI from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, August 14th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of WBI in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $36.62.

WBI Stock Up 3.5%

Shares of WBI stock traded up $0.83 during trading on Friday, reaching $24.78. The company’s stock had a trading volume of 688,454 shares, compared to its average volume of 482,656. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.54 and a quick ratio of 1.54. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 123.90 and a beta of 0.14. The stock’s 50-day moving average price is $29.90 and its 200 day moving average price is $29.02. WBI has a 1-year low of $18.64 and a 1-year high of $36.89.

WBI (NYSE:WBI) last released its earnings results on Wednesday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.10. WBI had a net margin of 0.54% and a return on equity of 0.85%. The company had revenue of $240.16 million for the quarter. On average, research analysts anticipate that WBI will post 0.48 EPS for the current year.

WBI Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, November 25th. WBI’s dividend payout ratio (DPR) is presently 100.00%.

WBI Company Profile