Peabody Energy Corporation (NYSE:BTU) Given Hold Rating at Stifel Nicolaus
Peabody Energy Corporation (NYSE:BTU)‘s stock had its “hold” rating restated by stock analysts at Stifel Nicolaus in a research report issued to clients and investors on Tuesday. They presently have a $32.00 target price on the coal producer’s stock, up from their previous target price of $30.00. Stifel Nicolaus’ price objective points to a potential upside of 11.27% from the stock’s current price.
A number of other research firms have also commented on BTU. Zacks Investment Research upgraded shares of Peabody Energy Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 26th. MKM Partners started coverage on shares of Peabody Energy Corporation in a research report on Thursday, April 27th. They issued a “buy” rating and a $53.00 price target on the stock. FBR & Co restated an “outperform” rating and issued a $34.00 price target (up from $33.00) on shares of Peabody Energy Corporation in a research report on Tuesday, April 18th. Clarkson Capital restated a “buy” rating on shares of Peabody Energy Corporation in a research report on Thursday, June 22nd. Finally, J P Morgan Chase & Co restated an “overweight” rating and issued a $35.00 price target on shares of Peabody Energy Corporation in a research report on Wednesday, April 26th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $35.57.
Shares of Peabody Energy Corporation (BTU) traded down 0.86% during midday trading on Tuesday, hitting $28.76. 764,749 shares of the company’s stock traded hands. The firm’s market capitalization is $2.78 billion. Peabody Energy Corporation has a 1-year low of $8.75 and a 1-year high of $32.50. The company has a 50 day moving average price of $25.03 and a 200 day moving average price of $25.06.
Peabody Energy Corporation (NYSE:BTU) last released its quarterly earnings results on Tuesday, August 1st. The coal producer reported ($0.18) EPS for the quarter, missing the Zacks’ consensus estimate of $0.89 by $1.07. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.25 billion. The company’s revenue for the quarter was up 21.0% compared to the same quarter last year. Equities analysts anticipate that Peabody Energy Corporation will post $5.56 earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: This article was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another publication, it was copied illegally and republished in violation of United States and international copyright legislation. The original version of this article can be read at https://www.americanbankingnews.com/2017/08/08/peabody-energy-corporation-nysebtu-given-hold-rating-at-stifel-nicolaus.html.
In related news, insider Glenn L. Kellow bought 8,520 shares of the company’s stock in a transaction on Monday, May 22nd. The stock was bought at an average cost of $23.49 per share, with a total value of $200,134.80. Following the completion of the purchase, the insider now owns 689,410 shares in the company, valued at approximately $16,194,240.90. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Associates L.P. Elliott bought 9,428 shares of the company’s stock in a transaction on Thursday, May 25th. The stock was bought at an average cost of $23.40 per share, with a total value of $220,615.20. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 331,939 shares of company stock valued at $8,130,854.
Institutional investors have recently made changes to their positions in the company. Carroll Financial Associates raised its stake in shares of Peabody Energy Corporation by 1,900.0% in the fourth quarter. Carroll Financial Associates now owns 20 shares of the coal producer’s stock valued at $0 after buying an additional 19 shares during the period. BNP Paribas Arbitrage SA purchased a new stake in shares of Peabody Energy Corporation during the second quarter valued at approximately $162,000. Pacific Heights Asset Management LLC purchased a new stake in shares of Peabody Energy Corporation during the second quarter valued at approximately $295,000. Legal & General Group Plc purchased a new stake in shares of Peabody Energy Corporation during the second quarter valued at approximately $310,000. Finally, First Midwest Bank Trust Division purchased a new stake in shares of Peabody Energy Corporation during the second quarter valued at approximately $562,000. 0.63% of the stock is owned by institutional investors.
About Peabody Energy Corporation
Peabody Energy Corporation is a coal company. The Company’s segments include Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, Trading and Brokerage, and Corporate and Other. Its Powder River Basin Mining operations consist of its mines in Wyoming.
Receive News & Ratings for Peabody Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peabody Energy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.