Westmoreland Coal Price Target Raised to $38.00 at Brean Capital (WLB)
Analysts at Brean Capital raised their target price on shares of Westmoreland Coal (NYSE:WLB) from $35.00 to $38.00 in a research report issued to clients and investors on Tuesday, StockRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Brean Capital’s target price would indicate a potential upside of 29.87% from the company’s current price.
Shares of Westmoreland Coal (NYSE:WLB) traded up 7.22% on Tuesday, hitting $29.26. The stock had a trading volume of 161,499 shares. Westmoreland Coal has a 52 week low of $10.77 and a 52 week high of $32.00. The stock’s 50-day moving average is $28.57 and its 200-day moving average is $20.55. The company’s market cap is $434.4 million.
Westmoreland Coal (NYSE:WLB) last announced its earnings results on Friday, April 25th. The company reported ($1.30) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.09) by $1.21. On average, analysts predict that Westmoreland Coal will post $-4.73 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Imperial Capital raised their price target on shares of Westmoreland Coal from $35.00 to $40.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Finally, analysts at TheStreet downgraded shares of Westmoreland Coal from a “hold” rating to a “sell” rating in a research note on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $39.00.
Westmoreland Coal Company (NYSE:WLB) is an energy company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.