Peabody Energy Downgraded by Goldman Sachs to Neutral (BTU)
Shares of Peabody Energy (NYSE:BTU) opened at 16.58 on Friday. Peabody Energy has a 1-year low of $14.34 and a 1-year high of $21.28. The stock has a 50-day moving average of $17.86 and a 200-day moving average of $17.5. The company’s market cap is $4.498 billion.
Peabody Energy (NYSE:BTU) last announced its earnings results on Thursday, April 24th. The company reported ($0.19) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.01) by $0.18. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the prior year, the company posted ($0.05) earnings per share. The company’s quarterly revenue was down 6.9% on a year-over-year basis. On average, analysts predict that Peabody Energy will post $-0.69 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, June 12th. Shareholders of record on Thursday, May 22nd will be given a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Tuesday, May 20th.
A number of other analysts have also recently weighed in on BTU. Analysts at Jefferies Group cut their price target on shares of Peabody Energy from $21.00 to $20.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Morgan Stanley upgraded shares of Peabody Energy from an “equal weight” rating to an “overweight” rating in a research note on Monday, May 12th. They now have a $30.00 price target on the stock, up previously from $20.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Peabody Energy in a research note on Friday, May 9th. They now have a $19.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $22.54.
Peabody Energy Corporation (NYSE:BTU) is a private-sector coal company.
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