Peabody Energy (NYSE:BTU) Rating Increased to Hold at Zacks Research

Peabody Energy (NYSE:BTUGet Free Report) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other analysts also recently weighed in on BTU. B. Riley Financial downgraded Peabody Energy from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $42.00 to $30.00 in a research report on Thursday, April 30th. UBS Group reduced their price target on shares of Peabody Energy from $32.00 to $30.50 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Finally, Weiss Ratings lowered shares of Peabody Energy from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, June 23rd. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Peabody Energy presently has a consensus rating of “Hold” and a consensus price target of $34.12.

Read Our Latest Analysis on BTU

Peabody Energy Stock Down 0.7%

Shares of NYSE:BTU opened at $23.12 on Monday. The firm has a market capitalization of $2.82 billion, a PE ratio of -23.35 and a beta of 0.36. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.37 and a current ratio of 1.87. Peabody Energy has a 52-week low of $12.77 and a 52-week high of $41.14. The firm has a fifty day moving average of $25.81 and a 200 day moving average of $30.68.

Peabody Energy (NYSE:BTUGet Free Report) last released its quarterly earnings results on Tuesday, May 5th. The coal producer reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.40). Peabody Energy had a negative net margin of 3.07% and a negative return on equity of 2.80%. The firm had revenue of $973.30 million for the quarter, compared to analysts’ expectations of $977.42 million. During the same quarter in the previous year, the business earned $0.27 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, research analysts anticipate that Peabody Energy will post 0.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Peabody Energy

A number of large investors have recently made changes to their positions in the business. Valued Wealth Advisors LLC bought a new position in shares of Peabody Energy during the first quarter valued at approximately $25,000. Meeder Asset Management Inc. boosted its holdings in Peabody Energy by 1,513.7% in the first quarter. Meeder Asset Management Inc. now owns 1,178 shares of the coal producer’s stock valued at $39,000 after acquiring an additional 1,105 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Peabody Energy during the 4th quarter valued at $37,000. Main Street Group LTD bought a new position in Peabody Energy in the 1st quarter worth $50,000. Finally, Basepoint Wealth LLC bought a new position in Peabody Energy in the 4th quarter worth $57,000. 87.44% of the stock is currently owned by institutional investors.

Key Headlines Impacting Peabody Energy

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About Peabody Energy

(Get Free Report)

Peabody Energy Corporation is one of the world’s largest private-sector coal companies, engaged primarily in the production and sale of metallurgical and thermal coal. The company’s operations span surface and underground mines, serving utilities, steel mills and other industrial customers that rely on coal as an essential component in power generation and steelmaking. Peabody’s product portfolio includes high-energy thermal coal for electricity generation and low-volatile metallurgical coal used in steel production, reflecting its diverse end-market reach.

Founded in 1883, Peabody Energy has grown from a regional mining concern into a global energy supplier.

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