Cloud Peak Energy Stock Rating Lowered by Zacks (CLD)
Cloud Peak Energy (NYSE:CLD) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report issued on Monday, Analyst Ratings Network.com reports. They currently have a $14.00 price objective on the stock. Zacks‘ price objective suggests a potential downside of 3.91% from the stock’s previous close.
CLD has been the subject of a number of other recent research reports. Analysts at Goldman Sachs Group Inc. downgraded shares of Cloud Peak Energy from a “buy” rating to a “neutral” rating in a research note to investors on Friday, September 27th. They now have a $15.00 price target on the stock, down previously from $19.00. Separately, analysts at Macquarie initiated coverage on shares of Cloud Peak Energy in a research note to investors on Friday, September 6th. They set an “outperform” rating on the stock. Finally, analysts at Stifel Nicolaus initiated coverage on shares of Cloud Peak Energy in a research note to investors on Monday, August 19th. They set a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $17.81.
Shares of Cloud Peak Energy (NYSE:CLD) traded down 0.95% during mid-day trading on Monday, hitting $14.57. The stock had a trading volume of 577,061 shares. Cloud Peak Energy has a 52 week low of $14.25 and a 52 week high of $22.31. The stock has a 50-day moving average of $15. and a 200-day moving average of $17.30. The company has a market cap of $880.7 million and a P/E ratio of 6.73.
Cloud Peak Energy (NYSE:CLD) last announced its earnings results on Tuesday, July 30th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.08. The company had revenue of $330.00 million for the quarter, compared to the consensus estimate of $327.05 million. During the same quarter in the previous year, the company posted $0.55 earnings per share. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. On average, analysts predict that Cloud Peak Energy will post $0.74 earnings per share for the current fiscal year.
Cloud Peak Energy Inc (NYSE:CLD) is a holding company that manages its wholly owned subsidiary Cloud Peak Energy Resources LLC (CPE Resources).
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.