Peabody Energy (NYSE:BTU) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Monday. The brokerage currently has a $38.00 target price on the coal producer’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 14.53% from the company’s current price.
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 research analysts have also weighed in on BTU. Stifel Nicolaus reissued a “hold” rating and set a $32.00 target price (up previously from $30.00) on shares of Peabody Energy in a research report on Tuesday, August 8th. MKM Partners reissued a “buy” rating and set a $38.00 target price (up previously from $32.00) on shares of Peabody Energy in a research report on Thursday, August 24th. Macquarie initiated coverage on shares of Peabody Energy in a research report on Thursday, September 7th. They set a “neutral” rating and a $30.00 target price for the company. FBR & Co set a $35.00 target price on shares of Peabody Energy and gave the stock a “buy” rating in a research report on Monday, September 11th. Finally, B. Riley reissued a “buy” rating on shares of Peabody Energy in a research report on Wednesday, November 1st. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Peabody Energy currently has an average rating of “Buy” and a consensus target price of $36.44.
Peabody Energy (NYSE:BTU) last released its earnings results on Wednesday, October 25th. The coal producer reported $1.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.14. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.50 billion. Peabody Energy had a net margin of 4.60% and a return on equity of 19.92%. The business’s revenue was up 22.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($7.53) EPS. equities analysts forecast that Peabody Energy will post 9.62 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the company. South Dakota Investment Council bought a new position in shares of Peabody Energy during the 2nd quarter worth about $14,308,000. TIAA CREF Investment Management LLC bought a new position in shares of Peabody Energy during the 2nd quarter worth about $6,654,000. American Century Companies Inc. bought a new position in shares of Peabody Energy during the 2nd quarter worth about $724,000. York Capital Management Global Advisors LLC bought a new position in shares of Peabody Energy during the 2nd quarter worth about $5,863,000. Finally, Laurion Capital Management LP bought a new position in shares of Peabody Energy during the 2nd quarter worth about $10,599,000. 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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