Peabody Energy Stock Rating Reaffirmed by Zacks (BTU)
Peabody Energy (NYSE:BTU)‘s stock had its “neutral” rating reissued by Zacks in a note issued to investors on Monday. They currently have a $17.00 price target on the stock. Zacks‘s target price would suggest a potential upside of 6.78% from the stock’s previous close.
Zacks’ analyst wrote, “Peabody Energy’s loss per share in the second quarter 2014 was marginally wider than expected. Overall improvement in sales volumes and higher realized prices of U.S. tons sold helped the company to beat the top-line estimate. Peabody expects a revival in thermal coal demand globally, led by continuous urbanization and industrialization in China and India. A World Steel Association projection indicates an improvement in met coal sales driven by higher steel consumption. However, the new Clean Power Plan of the U.S. EPA and expected railroad service congestion in the second half of the year might impact the prospects of the company. Hence, we have retained our Neutral recommendation on the stock.”
A number of other analysts have also recently weighed in on BTU. Analysts at Nomura cut their price target on shares of Peabody Energy from $16.00 to $13.00 in a research note on Wednesday, July 23rd. They now have a “neutral” rating on the stock. Separately, 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, July 23rd. They now have an “outperform” rating 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, July 21st. They now have a “sector outperform” rating on the stock. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $20.79.
Peabody Energy (NYSE:BTU) traded up 0.19% during mid-day trading on Monday, hitting $15.95. 4,838,337 shares of the company’s stock traded hands. Peabody Energy has a 1-year low of $14.85 and a 1-year high of $21.28. The stock’s 50-day moving average is $15.75 and its 200-day moving average is $16.7. The company’s market cap is $4.330 billion.
Peabody Energy (NYSE:BTU) last announced its earnings results 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. On average, analysts predict that Peabody Energy will post $-1.16 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 29th. Investors of record on Friday, August 8th will be paid a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a dividend yield of 2.14%. The ex-dividend date is Wednesday, August 6th.
Peabody Energy Corporation (NYSE:BTU) is a private-sector coal company.
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