Warrior Met Coal Inc. (HCC) Receives New Coverage from Analysts at Macquarie
Research analysts at Macquarie assumed coverage on shares of Warrior Met Coal Inc. (NYSE:HCC) in a research note issued on Thursday, Marketbeat reports. The brokerage set an “underperform” rating and a $24.00 price target on the stock. Macquarie’s target price points to a potential downside of 4.69% from the company’s current price.
Several other brokerages also recently weighed in on HCC. Zacks Investment Research downgraded Warrior Met Coal from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. Morgan Stanley initiated coverage on Warrior Met Coal in a research report on Monday, May 15th. They issued an “overweight” rating and a $27.00 target price for the company. Royal Bank Of Canada reissued a “buy” rating and issued a $25.00 target price on shares of Warrior Met Coal in a research report on Tuesday, June 13th. MKM Partners reissued a “neutral” rating and issued a $21.00 target price (up from $18.00) on shares of Warrior Met Coal in a research report on Thursday, August 24th. Finally, Credit Suisse Group assumed coverage on Warrior Met Coal in a research report on Monday, May 15th. They set an “outperform” rating and a $26.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $24.00.
Shares of Warrior Met Coal (NYSE:HCC) opened at 25.18 on Thursday. The company has a market capitalization of $1.35 billion and a P/E ratio of 5.64. Warrior Met Coal has a 12 month low of $15.10 and a 12 month high of $27.62. The company has a 50-day moving average price of $24.07 and a 200-day moving average price of $19.97.
Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $2.52 EPS for the quarter, beating the Thomson Reuters’ 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. On average, analysts forecast that Warrior Met Coal will post $4.08 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the stock. Apollo Management Holdings L.P. bought a new stake in Warrior Met Coal in the second quarter valued at about $173,185,000. Franklin Resources Inc. acquired a new position in shares of Warrior Met Coal during the second quarter worth approximately $82,178,000. Caspian Capital LP acquired a new position in shares of Warrior Met Coal during the second quarter worth approximately $37,651,000. Capital World Investors acquired a new position in shares of Warrior Met Coal during the second quarter worth approximately $25,953,000. Finally, Impala Asset Management LLC acquired a new position in shares of Warrior Met Coal during the second quarter worth approximately $21,590,000. 96.71% of the stock is owned by hedge funds and other institutional investors.
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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