RBC Capital initiated coverage on shares of Walter Energy (NYSE: WLT) in a research report released on Wednesday morning. The firm issued a sector perform rating and a $34.00 price target on the stock.
Walter Energy traded up 2.82% on Wednesday, hitting $32.40. Walter Energy has a 1-year low of $28.01 and a 1-year high of $69.41. The stock’s 50-day moving average is currently $35.60. The company’s market cap is $2.027 billion.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, March 12th. Shareholders of record on Wednesday, February 20th will be paid a dividend of $0.13 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Friday, February 15th.
WLT has been the subject of a number of other recent research reports. Analysts at Iberia Capital upgraded shares of Walter Energy from a sector perform rating to an outperform rating in a research note to investors on Wednesday, February 27th. They now have a $40.00 price target on the stock. Separately, analysts at Zacks reiterated a neutral rating on shares of Walter Energy in a research note to investors on Friday, February 22nd. They now have a $36.00 price target on the stock. Finally, analysts at UBS AG cut their price target on shares of Walter Energy from $43.00 to $38.00 in a research note to investors on Friday, February 22nd. They now have a buy rating on the stock.
Eight investment analysts have rated the stock with a buy rating, one has assigned an overweight rating, ten have given a hold rating, one has given an underweight rating, and two have given a sell rating to the company. The company has an average rating of overweight and an average target price of $38.47.
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