Warrior Met Coal Inc. (HCC) Receives Buy Rating from Royal Bank Of Canada
Warrior Met Coal Inc. (NYSE:HCC)‘s stock had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada in a research report issued on Wednesday. They currently have a $27.00 target price on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 7.23% from the stock’s previous close.
HCC has been the subject of a number of other reports. Zacks Investment Research downgraded Warrior Met Coal from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Morgan Stanley started coverage on Warrior Met Coal in a report on Monday, May 15th. They issued an “overweight” rating and a $27.00 price target for the company. MKM Partners reaffirmed a “neutral” rating and issued a $21.00 price target (up from $18.00) on shares of Warrior Met Coal in a report on Thursday, August 24th. Credit Suisse Group started coverage on Warrior Met Coal in a report on Monday, May 15th. They issued an “outperform” rating and a $26.00 price target for the company. Finally, FBR & Co upped their price target on Warrior Met Coal from $20.00 to $21.00 and gave the company a “mkt perform” rating in a report on Friday, July 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $24.00.
Shares of Warrior Met Coal (NYSE:HCC) traded down 1.53% during trading on Wednesday, hitting $25.18. 446,722 shares of the company traded hands. Warrior Met Coal has a 52-week low of $15.10 and a 52-week high of $27.62. The company has a 50-day moving average of $24.07 and a 200-day moving average of $19.97. The stock has a market capitalization of $1.35 billion and a PE ratio of 5.64.
Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $2.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.93 by $0.59. The business had revenue of $363.37 million during the quarter, compared to analyst estimates of $321.75 million. Equities analysts expect that Warrior Met Coal will post $4.08 EPS for the current year.
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Hedge funds and other institutional investors have recently modified their holdings of the business. First Mercantile Trust Co. purchased a new stake in Warrior Met Coal in the second quarter valued at approximately $131,000. The Manufacturers Life Insurance Company purchased a new stake in Warrior Met Coal in the second quarter valued at approximately $219,000. Tudor Investment Corp ET AL purchased a new stake in Warrior Met Coal in the second quarter valued at approximately $223,000. Royal Bank of Canada purchased a new stake in Warrior Met Coal in the second quarter valued at approximately $228,000. Finally, GeoSphere Capital Management purchased a new stake in Warrior Met Coal in the second quarter valued at approximately $260,000. Institutional investors own 96.71% of the company’s stock.
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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