Cloud Peak Energy Upgraded to “Outperform” by Clarkson Capital (CLD)
Cloud Peak Energy (NYSE:CLD) was upgraded by equities researchers at Clarkson Capital from a “market perform” rating to an “outperform” rating in a research report issued on Thursday, Analyst Ratings Network.com reports.
A number of other analysts have also recently weighed in on CLD. Analysts at FBR Capital Markets upgraded shares of Cloud Peak Energy from a “market perform” rating to an “outperform” rating in a research note to investors on Friday, January 10th. They now have a $24.00 price target on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $18.70.
Shares of Cloud Peak Energy (NYSE:CLD) opened at 18.515 on Thursday. Cloud Peak Energy has a 52 week low of $14.25 and a 52 week high of $20.30. The stock has a 50-day moving average of $17.50 and a 200-day moving average of $16.26. The company has a market cap of $1.121 billion and a price-to-earnings ratio of 16.45.
Cloud Peak Energy (NYSE:CLD) last announced its 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 $0.71 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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