Deutsche Bank set a $34.00 target price on Warrior Met Coal (NYSE:HCC) in a research note issued to investors on Thursday morning, Stock Target Advisor reports. The firm currently has a buy rating on the stock.
A number of other equities analysts also recently commented on the stock. Zacks Investment Research upgraded shares of Garrett Motion from a sell rating to a hold rating in a research note on Friday, May 10th. Royal Bank of Canada set a $60.00 target price on shares of Masonite International and gave the stock a buy rating in a research note on Friday, May 3rd. BMO Capital Markets upgraded shares of TMAC Resources from a market perform rating to an outperform rating in a research note on Thursday, May 2nd. TheStreet downgraded shares of Weis Markets from a b- rating to a c+ rating in a research note on Wednesday, June 5th. Finally, MKM Partners boosted their target price on shares of Warrior Met Coal to $38.00 and gave the stock a buy rating in a research note on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $34.67.
Shares of HCC stock opened at $25.11 on Thursday. The company has a current ratio of 3.84, a quick ratio of 3.26 and a debt-to-equity ratio of 0.41. The stock’s fifty day moving average price is $26.22. The firm has a market capitalization of $1.29 billion, a P/E ratio of 3.33 and a beta of 0.47. Warrior Met Coal has a 12 month low of $20.88 and a 12 month high of $33.49.
Warrior Met Coal (NYSE:HCC) last issued its earnings results on Wednesday, May 1st. The company reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.55. The firm had revenue of $378.30 million during the quarter, compared to the consensus estimate of $326.30 million. Warrior Met Coal had a net margin of 47.10% and a return on equity of 71.47%. The company’s revenue was down 10.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.36 earnings per share. As a group, equities analysts expect that Warrior Met Coal will post 6.45 earnings per share for the current fiscal year.
In related news, CAO Brian M. Chopin sold 8,329 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $27.41, for a total value of $228,297.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kelli K. Gant sold 3,283 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $31.76, for a total transaction of $104,268.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 77,876 shares of company stock valued at $2,313,979. 0.59% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. NumerixS Investment Technologies Inc lifted its position in Warrior Met Coal by 10.8% in the first quarter. NumerixS Investment Technologies Inc now owns 7,202 shares of the company’s stock valued at $218,000 after acquiring an additional 701 shares during the last quarter. Brandywine Global Investment Management LLC raised its holdings in shares of Warrior Met Coal by 0.5% in the fourth quarter. Brandywine Global Investment Management LLC now owns 172,760 shares of the company’s stock valued at $4,166,000 after buying an additional 893 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Warrior Met Coal by 13.4% in the fourth quarter. Legal & General Group Plc now owns 8,049 shares of the company’s stock valued at $194,000 after buying an additional 950 shares during the last quarter. Menta Capital LLC raised its holdings in shares of Warrior Met Coal by 5.2% in the fourth quarter. Menta Capital LLC now owns 20,373 shares of the company’s stock valued at $491,000 after buying an additional 1,000 shares during the last quarter. Finally, Gotham Asset Management LLC raised its holdings in shares of Warrior Met Coal by 7.1% in the fourth quarter. Gotham Asset Management LLC now owns 19,744 shares of the company’s stock valued at $476,000 after buying an additional 1,309 shares during the last quarter.
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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