Alpha Natural Resources Receives Average Recommendation of “Hold” from Brokerages (NYSE:ANR)
Shares of Alpha Natural Resources (NYSE:ANR) have received a consensus rating of “Hold” from the sixteen analysts that are covering the company, AnalystRatings.NET reports. One equities research analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $6.68.
Several analysts have recently commented on the stock. Analysts at Howard Weil cut their price target on shares of Alpha Natural Resources from $7.00 to $5.00 in a research note on Monday, July 21st. They now have a “sector outperform” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Alpha Natural Resources in a research note on Monday, July 14th. They now have a $3.80 price target on the stock, down previously from $5.10. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Alpha Natural Resources in a research note on Monday, June 30th. They now have a $5.00 price target on the stock, down previously from $6.00.
Alpha Natural Resources (NYSE:ANR) opened at 3.37 on Wednesday. Alpha Natural Resources has a 52-week low of $3.10 and a 52-week high of $8.30. The stock has a 50-day moving average of $3.48 and a 200-day moving average of $4.35. The company’s market cap is $745.9 million.
Alpha Natural Resources, Inc (NYSE:ANR) is a supplier and exporter of metallurgical coals for use in the steel-making process and a supplier of thermal coal to electric utilities and manufacturing industries, as well as a exporter of thermal coal.
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