Peabody Energy (BTU) Stock Rating Upgraded by ValuEngine
Peabody Energy (NYSE:BTU) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.
BTU has been the subject of a number of other research reports. FBR & Co set a $35.00 target price on Peabody Energy and gave the stock a “buy” rating in a report on Monday, September 11th. Macquarie initiated coverage on Peabody Energy in a report on Thursday, September 7th. They issued a “neutral” rating and a $30.00 target price for the company. Zacks Investment Research raised Peabody Energy from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a report on Wednesday, October 25th. MKM Partners reaffirmed a “buy” rating and issued a $38.00 target price (up previously from $32.00) on shares of Peabody Energy in a report on Thursday, August 24th. Finally, Jefferies Group initiated coverage on Peabody Energy in a report on Tuesday, November 14th. They issued a “buy” rating and a $38.00 target price for the company. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $35.44.
Shares of Peabody Energy (BTU) traded up $0.59 on Friday, reaching $33.90. The company’s stock had a trading volume of 1,239,133 shares, compared to its average volume of 1,203,637. Peabody Energy has a fifty-two week low of $22.58 and a fifty-two week high of $34.37. 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 (NYSE:BTU) last issued 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. Peabody Energy had a return on equity of 19.92% and a net margin of 4.60%. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the prior year, the firm earned ($7.53) EPS. The business’s revenue for the quarter was up 22.4% compared to the same quarter last year. research analysts forecast that Peabody Energy will post 9.62 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of the company. GSA Capital Partners LLP acquired a new stake in shares of Peabody Energy in the third quarter valued at about $788,000. Cubist Systematic Strategies LLC increased its stake in shares of Peabody Energy by 384.4% in the third quarter. Cubist Systematic Strategies LLC now owns 75,039 shares of the coal producer’s stock valued at $2,177,000 after buying an additional 59,548 shares during the period. Mangrove Partners increased its stake in shares of Peabody Energy by 35.3% in the third quarter. Mangrove Partners now owns 957,801 shares of the coal producer’s stock valued at $27,786,000 after buying an additional 250,000 shares during the period. Jane Street Group LLC acquired a new stake in shares of Peabody Energy in the third quarter valued at about $218,000. Finally, Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Peabody Energy in the third quarter valued at about $240,000. 95.14% of the stock is owned by institutional investors.
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About Peabody Energy
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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