Cloud Peak Energy Rating Reiterated by JPMorgan Chase & Co. (CLD)
Cloud Peak Energy (NYSE:CLD)‘s stock had its “neutral” rating reiterated by JPMorgan Chase & Co. in a research note issued on Wednesday. They currently have a $17.50 target price on the stock, down from their previous target price of $20.00. JPMorgan Chase & Co.’s price objective indicates a potential upside of 21.19% from the company’s current price.
Shares of Cloud Peak Energy (NYSE:CLD) traded down 2.29% during mid-day trading on Wednesday, hitting $14.109. 673,029 shares of the company’s stock traded hands. Cloud Peak Energy has a one year low of $14.17 and a one year high of $22.43. The stock has a 50-day moving average of $15.70 and a 200-day moving average of $18.45. The company has a market cap of $853.7 million and a P/E ratio of 62.24.
Cloud Peak Energy (NYSE:CLD) last announced its earnings results on Tuesday, July 29th. The company reported $0.01 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.01) by $0.02. The company had revenue of $320.85 million for the quarter, compared to the consensus estimate of $333.90 million. During the same quarter in the prior year, the company posted ($0.02) earnings per share. The company’s quarterly revenue was down 2.8% on a year-over-year basis. Analysts expect that Cloud Peak Energy will post $0.05 EPS for the current fiscal year.
CLD has been the subject of a number of other recent research reports. Analysts at FBR Capital Markets cut their price target on shares of Cloud Peak Energy from $25.00 to $21.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at Cowen and Company cut their price target on shares of Cloud Peak Energy from $24.00 to $20.00 in a research note on Wednesday, July 30th. They now have an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Cloud Peak Energy currently has an average rating of “Buy” and an average price target of $20.56.
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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