Cloud Peak Energy Upgraded to “Outperform” at FBR Capital Markets (CLD)
Cloud Peak Energy (NYSE:CLD) was upgraded by FBR Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued on Friday, AnalystRatings.Net reports.
A number of other analysts have also recently weighed in on CLD. Analysts at Macquarie reiterated an “outperform” rating on shares of Cloud Peak Energy in a research note to investors on Tuesday, November 26th. They now have a $19.00 price target on the stock, up previously from $18.00. Separately, analysts at Zacks upgraded shares of Cloud Peak Energy from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, November 7th. They now have a $16.50 price target on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Cloud Peak Energy from $18.00 to $19.00 in a research note to investors on Monday, November 4th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $18.11.
Shares of Cloud Peak Energy (NYSE:CLD) opened at 16.70 on Friday. Cloud Peak Energy has a one year low of $14.25 and a one year high of $20.30. The stock’s 50-day moving average is $17.38 and its 200-day moving average is $16.23. The company has a market cap of $1.011 billion and a price-to-earnings ratio of 16.03.
Cloud Peak Energy (NYSE:CLD) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.33 by $0.01. The company had revenue of $374.80 million for the quarter, compared to the consensus estimate of $384.71 million. During the same quarter in the prior year, the company posted $0.80 earnings per share. The company’s quarterly revenue was down 12.0% on a year-over-year basis. Analysts expect that Cloud Peak Energy will post $0.72 EPS 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).
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