Warrior Met Coal Inc (HCC) Receives $30.38 Consensus Price Target from Brokerages
Shares of Warrior Met Coal Inc (NYSE:HCC) have been given a consensus recommendation of “Hold” by the ten research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $31.25.
A number of research analysts have recently issued reports on HCC shares. Zacks Investment Research downgraded Warrior Met Coal from a “buy” rating to a “hold” rating in a report on Friday, August 3rd. Citigroup lowered their price target on Warrior Met Coal from $33.00 to $32.00 and set a “buy” rating on the stock in a report on Wednesday, August 8th. ValuEngine raised Warrior Met Coal from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 26th. Royal Bank of Canada set a $34.00 price target on Warrior Met Coal and gave the company a “hold” rating in a report on Thursday, August 2nd. Finally, Morgan Stanley upped their price target on Warrior Met Coal from $27.00 to $29.00 and gave the company a “hold” rating in a report on Tuesday, October 2nd.
A number of hedge funds have recently bought and sold shares of HCC. Point72 Asia Hong Kong Ltd bought a new position in Warrior Met Coal in the first quarter valued at about $114,000. Asset Management One Co. Ltd. bought a new position in Warrior Met Coal in the first quarter valued at about $157,000. Sun Life Financial INC bought a new position in Warrior Met Coal in the second quarter valued at about $211,000. Quantitative Systematic Strategies LLC bought a new position in Warrior Met Coal in the second quarter valued at about $217,000. Finally, Bowling Portfolio Management LLC bought a new position in Warrior Met Coal in the second quarter valued at about $221,000.
Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Wednesday, August 1st. The company reported $1.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.14). The business had revenue of $322.56 million for the quarter, compared to the consensus estimate of $331.76 million. Warrior Met Coal had a net margin of 37.56% and a return on equity of 82.44%. The firm’s quarterly revenue was down 11.2% compared to the same quarter last year. On average, research analysts predict that Warrior Met Coal will post 7.93 earnings per share for the current fiscal year.
About Warrior Met Coal
Warrior Met Coal, Inc produces and exports metallurgical coal for the steel industry. It operates two underground mines located in Alabama. The company sells its metallurgical coal to a customer base of blast furnace steel producers located primarily in Europe, South America, and Asia. It also sells natural gas, which is extracted as a byproduct from coal production.
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