Warrior Met Coal (NYSE:HCC) had its price target upped by stock analysts at Credit Suisse Group from $18.75 to $35.00 in a research note issued on Tuesday, January 30th. The firm presently has an “outperform” rating on the stock. Credit Suisse Group’s price target would suggest a potential upside of 13.16% from the company’s current price.
Other equities analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Warrior Met Coal from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Friday, November 17th. Royal Bank of Canada set a $27.00 target price on shares of Warrior Met Coal and gave the stock a “buy” rating in a report on Tuesday, October 10th. ValuEngine raised shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a report on Friday, December 1st. FBR & Co set a $26.00 price objective on shares of Warrior Met Coal and gave the company a “hold” rating in a report on Tuesday, October 17th. Finally, B. Riley reissued a “hold” rating and issued a $26.00 price objective on shares of Warrior Met Coal in a report on Friday, November 10th. Seven analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $26.67.
Warrior Met Coal (NYSE:HCC) opened at $30.93 on Tuesday. Warrior Met Coal has a 12 month low of $15.10 and a 12 month high of $31.19. The stock has a market cap of $1,650.00 and a price-to-earnings ratio of 4.17.
Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $1.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $1.04. Warrior Met Coal had a net margin of 36.20% and a return on equity of 51.58%. research analysts expect that Warrior Met Coal will post 8 EPS for the current year.
In other news, Director Franklin Mutual Advisers Llc sold 4,237 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $20.46, for a total transaction of $86,689.02. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Institutional investors and hedge funds have recently modified their holdings of the company. Caspian Capital LP acquired a new stake in Warrior Met Coal in the second quarter valued at approximately $37,651,000. Capital World Investors acquired a new stake in Warrior Met Coal in the second quarter valued at approximately $25,953,000. Acadian Asset Management LLC raised its holdings in Warrior Met Coal by 400.7% in the fourth quarter. Acadian Asset Management LLC now owns 1,883,992 shares of the company’s stock valued at $47,384,000 after acquiring an additional 1,507,727 shares in the last quarter. Vanguard Group Inc. acquired a new stake in Warrior Met Coal in the second quarter valued at approximately $21,144,000. Finally, Luminus Management LLC acquired a new stake in Warrior Met Coal in the fourth quarter valued at approximately $26,273,000. 99.05% of the stock is currently owned by institutional investors and hedge funds.
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Warrior Met Coal Company Profile
Warrior Met Coal, Inc, formerly Warrior Met Coal, LLC, is a producer and exporter of metallurgical coal for the steel industry from underground mines located in Brookwood, Alabama, southwest of Birmingham and near Tuscaloosa. These underground coalmines are 1,400 to 2,100 feet underground. Its operations serve markets in the United States, Europe, Asia and South America via barge and rail access to the Port of Mobile.
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