Peabody Energy Corp. Stock Rating Upgraded by Merrill Lynch (BTU)
Peabody Energy Corp. (NYSE:BTU) was upgraded by equities researchers at Merrill Lynch to a “neutral” rating in a research report issued on Monday, Stock Ratings News reports.
A number of other firms have also recently commented on BTU. Analysts at Bank of America Corp. upgraded shares of Peabody Energy Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Monday. They now have a $20.00 price target on the stock, up previously from $15.00. Separately, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Peabody Energy Corp. in a research note to investors on Friday, December 20th. They now have a $26.00 price target on the stock, down previously from $27.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Peabody Energy Corp. in a research note to investors on Thursday, December 19th. They now have a $20.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. Peabody Energy Corp. currently has a consensus rating of “Buy” and a consensus target price of $24.88.
Shares of Peabody Energy Corp. (NYSE:BTU) traded up 0.59% on Monday, hitting $16.97. The stock had a trading volume of 8,317,437 shares. Peabody Energy Corp. has a 52-week low of $14.34 and a 52-week high of $27.20. The stock’s 50-day moving average is $18.32 and its 200-day moving average is $18.03. The company’s market cap is $4.579 billion.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, February 27th. Shareholders of record on Thursday, February 6th will be paid a dividend of 0.085 per share. This represents a $0.34 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Tuesday, February 4th.
Peabody Energy Corporation (NYSE:BTU) is a private-sector coal company.
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