Bank of America Securities Remains a Buy on Williams Co (WMB)
Bank of America Securities analyst Jean Ann Salisbury reiterated a Buy rating on Williams Co yesterday and set a price target of $87.00. The company’s shares closed yesterday at $75.88.
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Ann Salisbury covers the Energy sector, focusing on stocks such as Chevron, Venture Global, Inc. Class A, and Exxon Mobil. According to TipRanks, Ann Salisbury has an average return of 7.7% and a 67.12% success rate on recommended stocks.
Currently, the analyst consensus on Williams Co is a Strong Buy with an average price target of $79.73, representing a 5.07% upside. In a report released yesterday, Morgan Stanley also maintained a Buy rating on the stock with a $90.00 price target.
Based on Williams Co’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.2 billion and a net profit of $734 million. In comparison, last year the company earned a revenue of $2.74 billion and had a net profit of $486 million
Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WMB in relation to earlier this year. Last month, Mary A. Hausman, the VP Chief Accounting Officer of WMB sold 10,107.00 shares for a total of $757,115.37.
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