Zacks Investment Research upgraded shares of Peabody Energy (NYSE:BTU) from a hold rating to a strong-buy rating in a research note published on Tuesday, December 26th. They currently have $44.00 price objective on the coal producer’s stock.
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. “
Several other research analysts have also weighed in on the company. Jefferies Group raised Peabody Energy to a buy rating and upped their price target for the company from $38.00 to $43.00 in a research report on Tuesday, December 5th. ValuEngine upgraded Peabody Energy from a hold rating to a buy rating in a research note on Friday, December 1st. B. Riley reiterated a buy rating on shares of Peabody Energy in a research note on Wednesday, November 1st. FBR & Co reiterated a buy rating and set a $37.00 price target (up previously from $36.00) on shares of Peabody Energy in a research note on Wednesday, October 25th. Finally, MKM Partners reiterated a buy rating on shares of Peabody Energy in a research note on Tuesday, September 12th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $37.11.
Peabody Energy (NYSE BTU) opened at $40.61 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.75 and a quick ratio of 1.47. Peabody Energy has a 12-month low of $22.58 and a 12-month high of $40.92.
Peabody Energy (NYSE:BTU) last announced its earnings results on Wednesday, October 25th. The coal producer reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.14. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.50 billion. Peabody Energy had a return on equity of 19.92% and a net margin of 4.60%. Peabody Energy’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same period in the previous year, the firm earned ($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 institutional investors and hedge funds have recently modified their holdings of the company. Discovery Capital Management LLC CT acquired a new position in shares of Peabody Energy in the 2nd quarter worth approximately $535,982,000. Elliott Management Corp acquired a new stake in Peabody Energy during the 2nd quarter valued at $518,196,000. PointState Capital LP acquired a new stake in Peabody Energy during the 2nd quarter valued at $148,105,000. Vanguard Group Inc. acquired a new stake in Peabody Energy during the 2nd quarter valued at $142,007,000. Finally, BlackRock Inc. acquired a new stake in Peabody Energy during the 2nd quarter valued at $91,395,000. 95.17% of the stock is owned by institutional investors and hedge funds.
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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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