Raymond James lowered shares of Alpha Natural Resources (NYSE: ANR) from an outperform rating to an underperform rating in a research report released on Friday morning, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs downgraded shares of Alpha Natural Resources from a neutral rating to a sell rating in a research note to investors on Tuesday, May 7th. Separately, analysts at Nomura cut their price target on shares of Alpha Natural Resources from $11.00 to $8.00 in a research note to investors on Friday, May 3rd. They now have a neutral rating on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of Alpha Natural Resources from $10.00 to $9.00 in a research note to investors on Friday, May 3rd. They now have a hold rating on the stock.
Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $10.50.
Shares of Alpha Natural Resources (NYSE: ANR) traded down 1.43% during mid-day trading on Friday, hitting $6.269. Alpha Natural Resources has a one year low of $6.22 and a one year high of $10.74. The stock’s 50-day moving average is currently $6.96. The company’s market cap is $1.384 billion.
Alpha Natural Resources, Inc., formerly known as Foundation Coal Holdings, is a United States-based coal company.