Peabody Energy (NYSE:BTU) was upgraded by equities research analysts at Jefferies Group to a “buy” rating in a report issued on Tuesday, MarketBeat Ratings reports. The firm currently has a $43.00 price target on the coal producer’s stock, up from their previous price target of $38.00. Jefferies Group’s price target suggests a potential upside of 28.21% from the company’s current price. Jefferies Group also issued estimates for Peabody Energy’s FY2018 earnings at $1.36 EPS and FY2019 earnings at $0.62 EPS.

Several other analysts have also recently weighed in on the company. Zacks Investment Research cut Peabody Energy from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. ValuEngine cut Peabody Energy from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. MKM Partners reissued a “buy” rating on shares of Peabody Energy in a report on Tuesday, September 12th. FBR & Co set a $35.00 price target on Peabody Energy and gave the stock a “buy” rating in a report on Monday, September 11th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $32.00 price objective on shares of Peabody Energy in a report on Sunday, September 10th. Three investment analysts have rated the stock with a hold rating and eight 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 $36.44.

Shares of Peabody Energy (BTU) opened at $33.54 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.75 and a quick ratio of 1.47. Peabody Energy has a fifty-two week low of $22.58 and a fifty-two week high of $34.47.

Peabody Energy (NYSE:BTU) last released its quarterly earnings results on Wednesday, October 25th. The coal producer reported $1.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.14. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Peabody Energy had a return on equity of 19.92% and a net margin of 4.60%. The firm’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same period last year, the firm posted ($7.53) EPS. analysts predict that Peabody Energy will post 9.62 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. Legal & General Group Plc raised its holdings in shares of Peabody Energy by 28.5% during the 3rd quarter. Legal & General Group Plc now owns 16,302 shares of the coal producer’s stock worth $473,000 after buying an additional 3,616 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Peabody Energy by 14.1% during the 3rd quarter. American Century Companies Inc. now owns 33,794 shares of the coal producer’s stock worth $980,000 after buying an additional 4,181 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of Peabody Energy during the 2nd quarter worth $105,000. New York State Teachers Retirement System acquired a new position in shares of Peabody Energy during the 3rd quarter worth $125,000. Finally, Van ECK Associates Corp raised its holdings in shares of Peabody Energy by 4.9% during the 3rd quarter. Van ECK Associates Corp now owns 115,841 shares of the coal producer’s stock worth $3,361,000 after buying an additional 5,444 shares in the last quarter. 95.17% of the stock is owned by institutional investors.

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About Peabody Energy

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.

Analyst Recommendations for Peabody Energy (NYSE:BTU)

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