Peabody Energy Corp. Receives “Neutral” Rating from Goldman Sachs Group Inc. (BTU)
Peabody Energy Corp. (NYSE:BTU)‘s stock had its “neutral” rating reaffirmed by stock analysts at Goldman Sachs Group Inc. in a report issued on Friday, ARN reports.
BTU has been the subject of a number of other recent research reports. Analysts at Macquarie initiated coverage on shares of Peabody Energy Corp. (NYSE:BTU) in a research note to investors on Friday, September 6th. They set a “neutral” rating on the stock. Separately, analysts at TheStreet downgraded shares of Peabody Energy Corp. (NYSE:BTU) from a “hold” rating to a “sell” rating in a research note to investors on Wednesday, August 14th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Peabody Energy Corp. (NYSE:BTU) in a research note to investors on Thursday, July 25th. They now have a $17.00 price target on the stock. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $25.35.
Peabody Energy Corp. (NYSE:BTU) traded down 2.18% during mid-day trading on Friday, hitting $17.46. The stock had a trading volume of 923,090 shares. Peabody Energy Corp. has a 1-year low of $14.34 and a 1-year high of $29.84. The stock’s 50-day moving average is $17.83 and its 200-day moving average is $18.43. The company’s market cap is $4.711 billion.
Peabody Energy Corp. (NYSE:BTU) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $0.33 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.05) by $0.38. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter last year, the company posted $0.51 earnings per share. Peabody Energy Corp.’s revenue was down 12.9% compared to the same quarter last year. On average, analysts predict that Peabody Energy Corp. will post $0.14 earnings per share for the current fiscal year.
Peabody Energy Corporation (NYSE:BTU) is a private-sector coal company.
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