Raymond James has increased its price target for Williams (WMB, Financial) to $63 from the previous $62, while maintaining an Outperform rating on the stock. The firm expressed high expectations for Williams, especially after a somewhat shaky start to the year, anticipating a positive outcome for the first quarter, much as they did in the fourth quarter.
Despite pressures on the stock markets from factors such as ongoing trade tensions and OPEC's influence, Raymond James emphasizes the primary concerns for the midstream sector are potential project cost inflation and possible disruptions in export market demand. Nonetheless, these issues are currently only partially affecting the company. The firm remains optimistic about prospects in the U.S. liquefied natural gas (LNG) sector, suggesting it could be a potential growth area for Williams.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 19 analysts, the average target price for Williams Companies Inc (WMB, Financial) is $60.44 with a high estimate of $74.00 and a low estimate of $41.76. The average target implies an upside of 3.86% from the current price of $58.20. More detailed estimate data can be found on the Williams Companies Inc (WMB) Forecast page.
Based on the consensus recommendation from 23 brokerage firms, Williams Companies Inc's (WMB, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Williams Companies Inc (WMB, Financial) in one year is $38.37, suggesting a downside of 34.07% from the current price of $58.2. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Williams Companies Inc (WMB) Summary page.
