Williams Co (WMB) Gets a Buy Rating from J.P. Morgan

J.P. Morgan analyst Jeremy Tonet maintained a Buy rating on Williams Co (WMBResearch Report) yesterday and set a price target of $39.00. The company’s shares closed last Wednesday at $31.14.

According to TipRanks.com, Tonet is a 4-star analyst with an average return of 4.9% and a 54.8% success rate. Tonet covers the Industrial Goods sector, focusing on stocks such as Enterprise Products Partners, Cheniere Energy Partners, and Magellan Midstream.

Williams Co has an analyst consensus of Strong Buy, with a price target consensus of $39.25, a 29.2% upside from current levels. In a report issued on July 12, Mizuho Securities also maintained a Buy rating on the stock with a $39.00 price target.

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Williams Co’s market cap is currently $37.93B and has a P/E ratio of 25.83.

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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