Jefferies Group Reaffirms “Hold” Rating for Alpha Natural Resources (ANR)
Alpha Natural Resources (NYSE:ANR)‘s stock had its “hold” rating reaffirmed by analysts at Jefferies Group in a research report issued to clients and investors on Wednesday. They currently have a $3.75 target price on the stock, up from their previous target price of $3.25. Jefferies Group’s target price would indicate a potential downside of 6.25% from the company’s current price.
Alpha Natural Resources (NYSE:ANR) traded down 0.25% during mid-day trading on Wednesday, hitting $3.99. The stock had a trading volume of 1,366,279 shares. Alpha Natural Resources has a one year low of $3.10 and a one year high of $8.30. The stock has a 50-day moving average of $3.55 and a 200-day moving average of $4.10. The company’s market cap is $883.6 million.
Alpha Natural Resources (NYSE:ANR) last posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.56) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.74) by $0.18. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the company posted ($0.59) earnings per share. Alpha Natural Resources’s revenue was down 21.0% compared to the same quarter last year. Analysts expect that Alpha Natural Resources will post $-2.58 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on ANR. 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. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $6.59.
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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