Analysis: Williams Companies Inc (NYSE:WMB) Stock Target Has Just Been Increased Today
In a recent report shared with investors and clients by Jefferies & Co on 3 December, the firm, Williams Companies Inc (NYSE:WMB), had their target price per share lowered to $35.00. Analusts currently have a solid Hold rating on the stock.
From a total of 6 analysts covering Williams Companies Inc. (NYSE:WMB) stock, 3 rate it a ”Buy”, 0 a “Sell”, and 5 a ”Hold”. This means that 38% of the ratings are positive. The highest target price is $63 while the lowest target price is $38. The mean of all analyst targets is $49.67 with a 31.55% above today’s ($33.95) stock price. Williams Companies Inc. was the topic of 6 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Howard Weil downgraded shares on September 29 to “Sector Perform” rating. Argus Research maintained WMB stock in a recent report from August 12 with “Buy” rating.
Approximately 2.87 million shares of stock traded hands. Williams Companies Inc (NYSE:WMB) has declined 30.85% since April 30, 2015 and is downtrending. It has underperformed by 30.56% the S&P500.
The Williams Companies, Inc. is an energy infrastructure firm focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids , and olefins. The company has a market cap of $25.99 billion.
According to Zacks Investment Research, “Williams Companies moves, manages and markets a variety of energy products, including natural gas, liquid hydrocarbons, petroleum and electricity. Based in Tulsa, Oklahoma, Williams’ operations span the energy value chain from wellhead to burner tip.” Get a free copy of the Zacks research report on Williams Companies Inc (WMB).