Walter Industries, Inc. (fka WLTGQ)

[Tommy]

$WLT - Walter Energy Price Target Lowered to $20.00 at FBR Capital Markets

http://www.mideasttime.com/walter-energy-price-target-lowered-to-20-00-at-fbr-capital-markets-wlt/25733/

Walter Energy (NYSE: WLT) had its price objective trimmed by FBR Capital Markets from $24.00 to $20.00 in a research report released on Thursday morning, Stock Ratings Network.com reports. FBR Capital Markets currently has a market perform rating on the stock.

A number of other analysts have also recently weighed in on WLT. Analysts at Raymond James downgraded shares of Walter Energy from a market perform rating to an underperform rating in a research note to investors on Friday, June 7th. Separately, analysts at Jefferies Group upgraded shares of Walter Energy to a buy rating in a research note to investors on Tuesday, May 14th. Finally, analysts at RBC Capital cut their price target on shares of Walter Energy from $33.00 to $21.00 in a research note to investors on Friday, May 3rd.

Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $36.19.

Walter Energy (NYSE: WLT) opened at 12.129 on Thursday. Walter Energy has a 52-week low of $11.76 and a 52-week high of $48.99. The stock’s 50-day moving average is currently $17.29. The company’s market cap is $758.9 million.

Walter Energy, Inc. is a producer and exporter of metallurgical coal for the global steel industry and also produces steam coal, coal bed methane gas (NYSE: WLT), metallurgical coke and other related products