Peabody Energy (NYSE:BTU) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The brokerage presently has a $43.00 price objective on the coal producer’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 3.99% from the company’s previous close.
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. “
BTU has been the subject of a number of other reports. FBR & Co increased their target price on Peabody Energy from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. ValuEngine downgraded Peabody Energy from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Jefferies Group began coverage on Peabody Energy in a research report on Tuesday, November 14th. They set a “buy” rating and a $38.00 target price for the company. B. Riley reiterated a “buy” rating and set a $49.00 target price on shares of Peabody Energy in a research report on Tuesday, January 23rd. Finally, Seaport Global Securities reiterated a “buy” rating and set a $48.00 target price on shares of Peabody Energy in a research report on Monday, January 22nd. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $41.00.
Peabody Energy (NYSE:BTU) last posted its quarterly earnings results on Wednesday, February 7th. The coal producer reported $1.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.19. Peabody Energy had a return on equity of 32.83% and a net margin of 14.41%. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the company posted ($10.53) EPS. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. equities analysts anticipate that Peabody Energy will post 2.83 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. purchased a new stake in Peabody Energy during the 2nd quarter valued at $142,007,000. Orbis Allan Gray Ltd purchased a new stake in Peabody Energy during the 4th quarter valued at $156,312,000. BlackRock Inc. purchased a new stake in Peabody Energy during the 2nd quarter valued at $91,395,000. Platinum Investment Management Ltd. purchased a new stake in Peabody Energy during the 3rd quarter valued at $75,765,000. Finally, Brookfield Asset Management Inc. purchased a new stake in Peabody Energy during the 2nd quarter valued at $28,800,000. Hedge funds and other institutional investors own 94.33% 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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