Peabody Energy (BTU) Upgraded to Buy by ValuEngine
ValuEngine upgraded shares of Peabody Energy (NYSE:BTU) from a hold rating to a buy rating in a research note released on Friday.
Several other equities analysts have also recently weighed in on BTU. Stifel Nicolaus reaffirmed a hold rating and set a $32.00 price target (up from $30.00) on shares of Peabody Energy in a research note on Tuesday, August 8th. MKM Partners reaffirmed a buy rating and set a $38.00 price target (up from $32.00) on shares of Peabody Energy in a research note on Thursday, August 24th. Macquarie began coverage on shares of Peabody Energy in a research note on Thursday, September 7th. They set a neutral rating and a $30.00 price target for the company. FBR & Co set a $35.00 price objective on Peabody Energy and gave the company a buy rating in a report on Monday, September 11th. Finally, Zacks Investment Research raised Peabody Energy from a hold rating to a buy rating and set a $34.00 price objective for the company in a report on Wednesday, October 25th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Peabody Energy has an average rating of Buy and a consensus price target of $35.89.
Peabody Energy (NYSE BTU) opened at $33.63 on Friday. 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 52-week low of $22.58 and a 52-week high of $34.47.
Peabody Energy (NYSE:BTU) last posted 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 period in the prior year, the business earned ($7.53) EPS. Peabody Energy’s revenue for the quarter was up 22.4% compared to the same quarter last year. equities research analysts expect that Peabody Energy will post 9.62 earnings per share for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. acquired a new stake in shares of Peabody Energy in the 2nd quarter valued at approximately $105,000. New York State Teachers Retirement System acquired a new stake in Peabody Energy during the 3rd quarter valued at $125,000. FNY Partners Fund LP acquired a new stake in Peabody Energy during the 2nd quarter valued at $146,000. BNP Paribas Arbitrage SA acquired a new stake in Peabody Energy during the 2nd quarter valued at $162,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in Peabody Energy during the 3rd quarter valued at $209,000. 95.17% 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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