Zacks Investment Research Lowers Peabody Energy (BTU) to Hold

Zacks Investment Research lowered shares of Peabody Energy (NYSE:BTU) from a buy rating to a hold rating in a report issued on Tuesday morning.

According to Zacks, “Peabody Energy Corporation is a coal company. It provides voice in advocating for sustainable mining, energy access and clean coal technologies. The company serves metallurgical and thermal coal customers primarily in Arizona, Colorado, New Mexico and Wyoming, Illinois, Indiana and Australia. Peabody Energy Corporation is based in St Louis, United States. “

A number of other brokerages have also recently commented on BTU. ValuEngine upgraded shares of Peabody Energy from a hold rating to a buy rating in a research note on Friday, December 1st. Jefferies Group upgraded shares of Peabody Energy to a buy rating and raised their target price for the stock from $38.00 to $43.00 in a research note on Tuesday. B. Riley restated a buy rating on shares of Peabody Energy in a research note on Wednesday, November 1st. Macquarie started coverage on shares of Peabody Energy in a research note on Thursday, September 7th. They set a neutral rating and a $30.00 target price for the company. Finally, FBR & Co restated a buy rating and set a $37.00 target price (up previously from $36.00) on shares of Peabody Energy in a research note on Wednesday, October 25th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Peabody Energy currently has a consensus rating of Buy and an average price target of $36.44.

Shares of Peabody Energy (NYSE:BTU) traded up $0.25 during mid-day trading on Tuesday, reaching $34.24. 738,486 shares of the company’s stock were exchanged, compared to its average volume of 1,264,486. The company has a quick ratio of 1.47, a current ratio of 1.75 and a debt-to-equity ratio of 0.60. Peabody Energy has a 12-month low of $22.58 and a 12-month high of $34.74.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings results on Wednesday, October 25th. The coal producer reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.14. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Peabody Energy had a net margin of 4.60% and a return on equity of 19.92%. The company’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same quarter last year, the company posted ($7.53) earnings per share. equities research analysts predict that Peabody Energy will post 9.62 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of BTU. Strs Ohio acquired a new stake in shares of Peabody Energy during the 2nd quarter worth about $933,000. TD Asset Management Inc. acquired a new stake in shares of Peabody Energy during the 2nd quarter worth about $11,766,000. Schwab Charles Investment Management Inc. acquired a new stake in shares of Peabody Energy during the 2nd quarter worth about $9,104,000. Rhumbline Advisers acquired a new stake in shares of Peabody Energy during the 2nd quarter worth about $1,461,000. Finally, Dupont Capital Management Corp acquired a new stake in Peabody Energy in the 2nd quarter worth about $5,148,000. Institutional investors own 95.17% of the company’s stock.

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Peabody Energy Company Profile

Peabody Energy Corporation is a coal company. The Company’s segments include Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, Trading and Brokerage, and Corporate and Other. Its Powder River Basin Mining operations consist of its mines in Wyoming.

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