Credit Suisse Sticks to Its Buy Rating for Williams Co (WMB)

Credit Suisse analyst Jens Zimmermann maintained a Buy rating on Williams Co (WMBResearch Report) yesterday and set a price target of $40.00. The company’s shares closed yesterday at $33.63.

According to TipRanks, Zimmermann is ranked #1178 out of 7978 analysts.

Currently, the analyst consensus on Williams Co is a Strong Buy with an average price target of $39.88, implying a 18.58% upside from current levels. In a report released on August 3, RBC Capital also maintained a Buy rating on the stock with a $40.00 price target.

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Based on Williams Co’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.49 billion and a net profit of $400 million. In comparison, last year the company earned a revenue of $2.28 billion and had a net profit of $304 million

Based on the recent corporate insider activity of 38 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.

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The Williams Companies, Inc. is an energy infrastructure company which primarily operates in the United States. The company engages in building and providing infrastructure that safely processes and delivers natural gas products.

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