The shares of The Williams Companies, Inc. (NYSE:WMB) has been pegged with a rating of Buy by BofA/Merrill in its latest research note that was published on November 2nd, 2018. The research company has also assigned a $33 price target. BofA/Merrill wasn’t the only research firm that published a report of The Williams Companies, Inc., with other equities research analysts also giving their opinion on the stock. Credit Suisse advised investors in its research note published on October 11th, 2018, to Outperform the WMB stock. The stock had earned Neutral rating from Goldman when it published its report on October 9th, 2018. The stock was given Overweight rating by Morgan Stanley in its report released on August 16th, 2018, the day when the price target on the stock was placed at $35. Stifel was of a view that WMB is Buy in its latest report on August 7th, 2018 while giving it a price target of $35. Seaport Global Securities thinks that WMB is worth Buy rating. This was contained in the firm’s report on April 25th, 2018 in which the stock’s price target was also moved to $28.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 4 believe it has the potential for further growth, thus rating it as Hold while 8 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $32.95. The price of the stock the last time has raised by 4.21% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 41.01.
The shares of the company dipped by -2.08% during the trading session on Thursday, reaching a low of $23.79 while ending the day at $24.53. During the trading session, a total of 14.41 million shares were traded which represents a -42.28% decline from the average session volume which is 10.13M shares. WMB had ended its last session trading at 25.05. The Williams Companies, Inc. currently has a market cap of $29.98B, while its P/E ratio stands at 140.17, while its P/E earnings growth sits at 3.44, with a beta of 1.60. The Williams Companies, Inc. debt-to-equity ratio currently stands at 1.43, while its quick ratio hovers at 0.70. WMB 52-week low price stands at $23.54 while its 52-week high price is $33.67.
The company in its last quarterly report recorded $0.13 earnings per share which is below the $0.21 predicted by most analysts. The The Williams Companies, Inc. generated $2,303.00 million in revenue during the last quarter, which is slightly higher than the $2,076.05 million predicted by analysts. In the second quarter last year, the firm recorded $0.17 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -30.77%. The Williams Companies, Inc. has the potential to record 0.18 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Imperial Capital published a research note on December 4th, 2018 where it informed investors and clients that Southwest Airlines Co. (NYSE:LUV) is now rated as In-line. Their price target on the stock stands at $62. Credit Suisse also rated LUV as Initiated on October 11th, 2018, with its price target of $46 suggesting that LUV could surge by 14.12% from its current share price. Even though the stock has been trading at $52.80/share, analysts expect it to surge higher by 1.52% to reach $62.41/share. It started the day trading at $53.85 and traded between $52.26 and $53.60 throughout the trading session.
A look at its technical shows that LUV’s 50-day SMA is 55.14 while its 200-day SMA stands at 55.72. The stock has a high of $66.99 for the year while the low is $47.10. The company’s P/E ratio currently sits at 13.61, while the P/B ratio is 3.00. The company’s average trading volume currently stands at 5.06M shares, which means that the short-interest ratio is just 3.77 days. Over the past seven days, the company moved, with its shift of 0.98%. Looking further, the stock has dropped -12.17% over the past 90 days while it gained 5.85% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. PRIMECAP Management Co bought more LUV shares, increasing its portfolio by +0.33% during the last quarter. This move now sees PRIMECAP Management Co purchasing 241,557 shares in the last quarter, thus it now holds 73,955,888 shares of LUV, with a total valuation of $3,631,234,101. Berkshire Hathaway Inc meanwhile sold more LUV shares in the recently filed quarter, changing its stake to $2,751,927,291 worth of shares. The Vanguard Group Inc followed the path by decreasing its LUV portfolio by -0.98% in the quarter. This means that The Vanguard Group Inc sold -355,861 shares in the last quarter and now controls 36,000,492 shares of the LUV stock, with the valuation hitting $1,767,624,157.
Similarly, SSgA Funds Management Inc decreased its Southwest Airlines Co. shares by -5.63% during the recently filed quarter. After selling -1,053,785 shares in the last quarter, the firm now controls 17,665,115 shares of Southwest Airlines Co. which are valued at $867,357,147. In the same vein, T Rowe Price Associates Inc increased its Southwest Airlines Co. shares by during the most recent reported quarter. The firm bought 3,417,364 shares during the quarter which increased its stakes to 14,529,129 shares and is now valued at $713,380,234. Following these latest developments, around 0.25% of Southwest Airlines Co. stocks are owned by institutional investors and hedge funds.