Iberia Capital upgraded shares of Walter Energy (NYSE: WLT) from a sector perform rating to an outperform rating in a report issued on Wednesday. They currently have $40.00 target price on the stock.
Walter Energy traded down 2.61% on Wednesday, hitting $30.96. 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 $36.65. The company’s market cap is $1.937 billion.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, March 12th. Investors of record on Wednesday, February 20th will be given a dividend of $0.13 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Friday, February 15th.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, analysts at UBS AG cut their price target on shares of Walter Energy from $44.00 to $43.00 in a research note to investors on Wednesday, January 23rd. They now have a buy rating on the stock.
Seven research analysts have rated the stock with a buy rating, one has given an overweight rating, ten have issued a hold rating, one has issued an underweight rating, and two have given a sell rating to the company. Walter Energy presently has a consensus rating of hold and a consensus target price of $38.93.
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