Analysts Are Upgrading These 5 Value Stocks

4. Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Number of Hedge Fund Holders: 30

P/E Ratio as of March 14: 7.59

Alpha Metallurgical Resources, Inc. (NYSE:AMR) is a Tennessee-based mining company that extracts coal across locations in Northern and Central Appalachia. Alpha Metallurgical Resources, Inc. (NYSE:AMR)’s metallurgical coal is used for steel production and its thermal coal is utilized for power generation.

A total of 30 hedge funds held long positions in Alpha Metallurgical Resources, Inc. (NYSE:AMR) during the fourth quarter of 2021, up from 19 funds in the quarter earlier. According to the Q4 data compiled by Insider Monkey, Alta Fundamental Advisers held the largest stake in the company, with more than 1 million shares worth close to $64 million. 

Riley analyst Lucas Pipes on March 10 upgraded Alpha Metallurgical Resources, Inc. (NYSE:AMR) to Buy from Neutral with a price target of $155, up from $143, noting 28% upside to the shares. The analyst observed that Alpha Metallurgical Resources, Inc. (NYSE:AMR)’s operations over the past several months were flawless, and the company is on the path for a “significantly improved” 2022. As a result of the Russia-Ukraine war, Pipes sees the pricing upside on Alpha Metallurgical Resources, Inc. (NYSE:AMR)’s remaining volume as a means to increase EBITDA by “multiples” over the compressed levels, which were caused by the broken global supply chains and a scarcity of growth investment in the coal sector. 

On March 7, Alpha Metallurgical Resources, Inc. (NYSE:AMR) reported earnings for the quarter ending December 2021. The EPS came in at $13.45, above consensus by $2.01. The $828.22 million revenue also exceeded estimates by $102.47 million.