Cloud Peak Energy Price Target Lowered to $18.00 at FBR Capital Markets (CLD)
Research analysts at FBR Capital Markets dropped their price target on shares of Cloud Peak Energy (NYSE:CLD) from $19.00 to $18.00 in a report released on Wednesday, Stock Ratings News reports. The firm currently has a “market perform” rating on the stock. FBR Capital Markets’ price target would indicate a potential upside of 20.40% from the stock’s previous close.
Cloud Peak Energy (NYSE:CLD) traded down 0.80% on Wednesday, hitting $14.95. 482,158 shares of the company’s stock traded hands. Cloud Peak Energy has a 52-week low of $14.25 and a 52-week high of $22.31. The stock’s 50-day moving average is $15.22 and its 200-day moving average is $17.1. The company has a market cap of $903.6 million and a price-to-earnings ratio of 6.89.
Cloud Peak Energy (NYSE:CLD) last announced its earnings results on Tuesday, July 30th. The company reported ($0.02) earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.55 earnings per share. Cloud Peak Energy’s revenue was down 3.8% compared to the same quarter last year. Analysts expect that Cloud Peak Energy will post $0.74 EPS for the current fiscal year.
CLD has been the subject of a number of other recent research reports. Analysts at Stifel Nicolaus upgraded shares of Cloud Peak Energy from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, October 8th. They now have a $18.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Cloud Peak Energy from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, October 7th. They now have a $14.00 price target on the stock. Finally, 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. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. Cloud Peak Energy has a consensus rating of “Hold” and a consensus target price of $17.61.
Cloud Peak Energy Inc (NYSE:CLD) is a holding company that manages its wholly owned subsidiary Cloud Peak Energy Resources LLC (CPE Resources).
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