Royal Bank Of Canada Reiterates $27.00 Price Target for Warrior Met Coal Inc. (HCC)

Royal Bank Of Canada set a $27.00 price target on Warrior Met Coal Inc. (NYSE:HCC) in a research report sent to investors on Tuesday. The brokerage currently has a buy rating on the stock.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research raised Warrior Met Coal from a hold rating to a buy rating and set a $30.00 target price for the company in a report on Tuesday, September 5th. MKM Partners reissued a buy rating and set a $28.00 target price on shares of Warrior Met Coal in a report on Tuesday, September 12th. Morgan Stanley cut Warrior Met Coal from an overweight rating to an equal weight rating and reduced their target price for the company from $27.00 to $17.00 in a report on Tuesday, June 27th. Finally, FBR & Co set a $26.00 target price on Warrior Met Coal and gave the company a hold rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $25.82.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Thursday, August 3rd. The company reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $0.59. The firm had revenue of $363.37 million for the quarter, compared to analyst estimates of $321.75 million.

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Institutional investors have recently bought and sold shares of the business. First Mercantile Trust Co. acquired a new stake in Warrior Met Coal in the second quarter valued at $131,000. The Manufacturers Life Insurance Company acquired a new stake in Warrior Met Coal in the second quarter valued at $219,000. Tudor Investment Corp ET AL acquired a new stake in Warrior Met Coal in the second quarter valued at $223,000. Royal Bank of Canada acquired a new stake in Warrior Met Coal in the second quarter valued at $228,000. Finally, Goldman Sachs Group Inc. acquired a new stake in Warrior Met Coal in the second quarter valued at $289,000. Institutional investors own 97.25% of the company’s stock.

About Warrior Met Coal

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.

Analyst Recommendations for Warrior Met Coal (NYSE:HCC)

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