Warrior Met Coal (HCC) Given New $27.00 Price Target at Morgan Stanley

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Warrior Met Coal (NYSE:HCC) had its target price boosted by analysts at Morgan Stanley from $25.00 to $27.00 in a research report issued to clients and investors on Friday. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price target points to a potential upside of 2.12% from the company’s previous close.

A number of other equities analysts have also recently weighed in on HCC. Zacks Investment Research raised Warrior Met Coal from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Wednesday, April 4th. Credit Suisse Group lifted 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 price target on Warrior Met Coal and gave the stock a “buy” rating in a research note on Thursday, April 12th. ValuEngine cut 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 price target on Warrior Met Coal and gave the stock a “hold” rating in a research note on Tuesday, April 3rd. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $29.30.

Shares of Warrior Met Coal opened at $26.44 on Friday, MarketBeat.com reports. The company has a current ratio of 4.79, a quick ratio of 4.36 and a debt-to-equity ratio of 0.80. Warrior Met Coal has a 52 week low of $16.69 and a 52 week high of $33.72. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 3.35 and a beta of 1.51.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Wednesday, May 2nd. The company reported $3.42 EPS for the quarter, topping the consensus estimate of $3.08 by $0.34. Warrior Met Coal had a net margin of 39.30% and a return on equity of 73.24%. The firm had revenue of $421.80 million for the quarter, compared to analysts’ expectations of $396.35 million. During the same period in the previous year, the business earned $2.06 earnings per share. Warrior Met Coal’s revenue for the quarter was up 66.1% compared to the same quarter last year. analysts predict that Warrior Met Coal will post 7.37 earnings per share for the current year.

Warrior Met Coal declared that its board has authorized a stock buyback plan on Wednesday, May 2nd that allows the company to buyback $40.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 3.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

In other Warrior Met Coal news, major shareholder Apollo Management Holdings Gp, sold 3,192,328 shares of Warrior Met Coal stock in a transaction dated Thursday, May 10th. The stock was sold at an average price of $24.20, for a total transaction of $77,254,337.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Franklin Mutual Advisers Llc sold 1,461,423 shares of Warrior Met Coal 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. Insiders own 0.51% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA grew its stake in Warrior Met Coal by 45.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 10,984 shares of the company’s stock valued at $308,000 after acquiring an additional 3,419 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Warrior Met Coal by 3.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 107,099 shares of the company’s stock valued at $3,000,000 after buying an additional 3,924 shares in the last quarter. Point72 Asia Hong Kong Ltd bought a new stake in shares of Warrior Met Coal in the 1st quarter valued at approximately $114,000. Delek Group Ltd. bought a new stake in shares of Warrior Met Coal in the 4th quarter valued at approximately $126,000. Finally, Spark Investment Management LLC grew its stake in shares of Warrior Met Coal by 16.0% in the 4th quarter. Spark Investment Management LLC now owns 39,200 shares of the company’s stock valued at $985,000 after buying an additional 5,400 shares in the last quarter.

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.

Analyst Recommendations for Warrior Met Coal (NYSE:HCC)

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