Peabody Energy Price Target Lowered to $13.00 at Nomura (BTU)
Analysts at Nomura lowered their price objective on shares of Peabody Energy (NYSE:BTU) from $16.00 to $13.00 in a research report issued to clients and investors on Wednesday. The firm currently has a “neutral” rating on the stock. Nomura’s price objective suggests a potential downside of 13.16% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at FBR Capital Markets cut their price target on shares of Peabody Energy from $21.00 to $20.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Peabody Energy in a research note on Wednesday. They now have a $16.00 price target on the stock. Finally, analysts at Howard Weil cut their price target on shares of Peabody Energy from $26.00 to $22.00 in a research note on Monday. They now have a “sector outperform” rating on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $20.71.
Shares of Peabody Energy (NYSE:BTU) traded down 1.38% during mid-day trading on Wednesday, hitting $14.97. 8,811,931 shares of the company’s stock traded hands. Peabody Energy has a one year low of $15.08 and a one year high of $21.28. The stock’s 50-day moving average is $16.24 and its 200-day moving average is $16.97. The company’s market cap is $4.062 billion.
Peabody Energy (NYSE:BTU) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported ($0.28) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.28). The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the company posted $0.33 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. Analysts expect that Peabody Energy will post $-0.84 EPS for the current fiscal year.
Peabody Energy Corporation (NYSE:BTU) is a private-sector coal company.
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