Warrior Met Coal (NYSE:HCC) Lowered to Hold at Deutsche Bank Aktiengesellschaft


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Deutsche Bank Aktiengesellschaft cut shares of Warrior Met Coal (NYSE:HCC) from a buy rating to a hold rating in a research note issued to investors on Wednesday, AR Network reports. Deutsche Bank Aktiengesellschaft currently has $21.00 price target on the stock, down from their previous price target of $26.00.

HCC has been the subject of several other reports. Smith Barney Citigroup cut Warrior Met Coal from a buy rating to a neutral rating in a research report on Monday, December 7th. Royal Bank of Canada reaffirmed a hold rating and set a $20.00 target price on shares of Warrior Met Coal in a research report on Friday, October 2nd. Roth Capital initiated coverage on Warrior Met Coal in a research report on Thursday, November 12th. They set a buy rating and a $20.00 target price on the stock. BMO Capital Markets lowered Warrior Met Coal from an outperform rating to a market perform rating and set a $22.00 target price on the stock. in a research report on Thursday, December 17th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lowered Warrior Met Coal from a buy rating to a neutral rating in a research report on Monday, December 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Warrior Met Coal has an average rating of Hold and a consensus price target of $21.00.

NYSE HCC traded up $0.46 during trading on Wednesday, hitting $22.99. The company’s stock had a trading volume of 8,335 shares, compared to its average volume of 654,406. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.60 and a quick ratio of 2.49. Warrior Met Coal has a fifty-two week low of $9.46 and a fifty-two week high of $24.17. The company has a market cap of $1.18 billion, a PE ratio of 60.89 and a beta of 1.21. The business’s 50 day simple moving average is $20.21 and its 200-day simple moving average is $17.23.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Wednesday, October 28th. The company reported ($0.28) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.27) by ($0.01). The firm had revenue of $180.06 million for the quarter, compared to analyst estimates of $163.01 million. Warrior Met Coal had a return on equity of 1.04% and a net margin of 2.41%. Analysts expect that Warrior Met Coal will post -0.38 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HCC. Point72 Asset Management L.P. acquired a new stake in Warrior Met Coal in the third quarter worth approximately $11,046,000. FMR LLC lifted its position in Warrior Met Coal by 34.6% in the second quarter. FMR LLC now owns 2,292,253 shares of the company’s stock worth $35,278,000 after purchasing an additional 589,483 shares during the period. State Street Corp lifted its position in Warrior Met Coal by 9.6% in the third quarter. State Street Corp now owns 3,105,746 shares of the company’s stock worth $53,046,000 after purchasing an additional 271,641 shares during the period. Key Group Holdings Cayman LTD. lifted its position in Warrior Met Coal by 6.1% in the third quarter. Key Group Holdings Cayman LTD. now owns 1,064,321 shares of the company’s stock worth $18,179,000 after purchasing an additional 61,546 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Warrior Met Coal by 5.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 886,651 shares of the company’s stock worth $15,144,000 after purchasing an additional 44,074 shares during the period. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Warrior Met Coal Company Profile

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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Analyst Recommendations for Warrior Met Coal (NYSE:HCC)

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