Warrior Met Coal (HCC) Lifted to “Strong-Buy” at Zacks Investment Research
Warrior Met Coal (NYSE:HCC) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday. The firm presently has a $31.00 price target on the stock. Zacks Investment Research‘s price objective indicates a potential upside of 7.27% from the company’s previous close.
According to Zacks, “Warrior Met Coal, Inc. is a producer and exporter of premium metallurgical coal. It operates primarily in Alabama. Warrior Met Coal, Inc. is based in Brookwood, United States. “
A number of other analysts also recently issued reports on HCC. FBR & Co set a $26.00 price target on shares of Warrior Met Coal and gave the stock a “hold” rating in a report on Tuesday, October 17th. Seaport Global Securities downgraded shares of Warrior Met Coal from a “buy” rating to a “neutral” rating in a report on Wednesday, October 18th. B. Riley reissued a “neutral” rating on shares of Warrior Met Coal in a report on Wednesday, November 1st. ValuEngine downgraded shares of Warrior Met Coal from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Finally, Royal Bank of Canada downgraded shares of Warrior Met Coal from an “outperform” rating to a “sector perform” rating and set a $25.00 price target on the stock. in a report on Monday, December 4th. Seven analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $26.67.
In other Warrior Met Coal news, Director Franklin Mutual Advisers Llc sold 4,237 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $20.46, for a total transaction of $86,689.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Hedge funds and other institutional investors have recently modified their holdings of the company. Quantbot Technologies LP acquired a new stake in shares of Warrior Met Coal in the third quarter valued at about $135,000. UBS Asset Management Americas Inc. acquired a new stake in shares of Warrior Met Coal during the fourth quarter valued at about $206,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Warrior Met Coal during the second quarter valued at about $219,000. Tudor Investment Corp ET AL acquired a new stake in shares of Warrior Met Coal during the second quarter valued at about $223,000. Finally, Royal Bank of Canada acquired a new stake in shares of Warrior Met Coal during the second quarter valued at about $228,000. Institutional investors and hedge funds own 99.05% 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.
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