Raymond James Sticks to Their Buy Rating for Williams Co (WMB)
Raymond James analyst maintained a Buy rating on Williams Co on March 9 and set a price target of $73.00. The company’s shares closed yesterday at $73.18.
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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Williams Co with a $79.31 average price target, implying an 8.38% upside from current levels. In a report released on March 9, Scotiabank also reiterated a Buy rating on the stock with a $84.00 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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