Analysts Set Warrior Met Coal Inc (HCC) PT at $29.67

Shares of Warrior Met Coal Inc (NYSE:HCC) have received a consensus recommendation of “Hold” from the twelve research firms that are currently covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $30.22.

HCC has been the subject of several research analyst reports. Zacks Investment Research upgraded Warrior Met Coal from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Wednesday, April 4th. Credit Suisse Group upped their price target on Warrior Met Coal from $35.00 to $39.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 20th. BMO Capital Markets set a $32.00 target price on Warrior Met Coal and gave the company a “buy” rating in a research note on Thursday, April 12th. ValuEngine lowered Warrior Met Coal from a “buy” rating to a “hold” rating in a research note on Wednesday, March 28th. Finally, Royal Bank of Canada set a $38.00 target price on Warrior Met Coal and gave the company a “hold” rating in a research note on Tuesday, April 3rd.

In other news, major shareholder Apollo Management Holdings Gp, sold 3,192,328 shares of the stock in a transaction dated Thursday, May 10th. The stock was sold at an average price of $24.20, for a total value of $77,254,337.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Franklin Mutual Advisers Llc sold 1,461,423 shares of the stock in a transaction dated Tuesday, May 8th. The shares were sold at an average price of $24.20, for a total value of $35,366,436.60. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Allianz Asset Management GmbH acquired a new stake in Warrior Met Coal during the 1st quarter valued at approximately $3,982,000. WINTON GROUP Ltd acquired a new stake in Warrior Met Coal during the 1st quarter valued at approximately $1,145,000. Royal Bank of Canada grew its stake in Warrior Met Coal by 10.4% during the 1st quarter. Royal Bank of Canada now owns 66,744 shares of the company’s stock valued at $1,869,000 after purchasing an additional 6,292 shares in the last quarter. Millennium Management LLC grew its stake in Warrior Met Coal by 42.1% during the 1st quarter. Millennium Management LLC now owns 1,518,235 shares of the company’s stock valued at $42,526,000 after purchasing an additional 449,636 shares in the last quarter. Finally, Point72 Asia Hong Kong Ltd acquired a new stake in Warrior Met Coal during the 1st quarter valued at approximately $114,000.

Shares of NYSE:HCC opened at $26.95 on Monday. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 2.99 and a beta of 1.57. The company has a quick ratio of 4.36, a current ratio of 4.79 and a debt-to-equity ratio of 0.80. Warrior Met Coal has a 12 month low of $18.17 and a 12 month high of $33.72.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Wednesday, May 2nd. The company reported $3.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.08 by $0.34. The company had revenue of $421.80 million during the quarter, compared to analyst estimates of $396.35 million. Warrior Met Coal had a return on equity of 73.24% and a net margin of 39.30%. The firm’s revenue was up 66.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.06 earnings per share. research analysts predict that Warrior Met Coal will post 7.7 EPS for the current fiscal year.

Warrior Met Coal announced that its board has initiated a share repurchase plan on Wednesday, May 2nd that authorizes the company to repurchase $40.00 million in shares. This repurchase authorization authorizes the company to buy up to 3.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

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.

Analyst Recommendations for Warrior Met Coal (NYSE:HCC)

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