Peabody Energy (NYSE:BTU) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “Peabody Energy Corporation is a coal company. It provides voice in advocating for sustainable mining, energy access and clean coal technologies. The company serves metallurgical and thermal coal customers primarily in Arizona, Colorado, New Mexico and Wyoming, Illinois, Indiana and Australia. Peabody Energy Corporation is based in St Louis, United States. “

Several other brokerages have also commented on BTU. B. Riley restated a “buy” rating on shares of Peabody Energy in a report on Wednesday, November 1st. Jefferies Group set a $43.00 price objective on shares of Peabody Energy and gave the stock a “buy” rating in a report on Tuesday. Stifel Nicolaus reaffirmed a “hold” rating and set a $32.00 target price (up from $30.00) on shares of Peabody Energy in a research note on Tuesday, August 8th. FBR & Co set a $35.00 target price on shares of Peabody Energy and gave the stock a “buy” rating in a research note on Monday, September 11th. Finally, MKM Partners reaffirmed a “buy” rating and set a $38.00 target price (up from $32.00) on shares of Peabody Energy in a research note on Thursday, August 24th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Peabody Energy currently has an average rating of “Buy” and an average target price of $36.44.

Shares of Peabody Energy (NYSE BTU) traded down $0.27 during mid-day trading on Tuesday, hitting $33.63. 1,475,200 shares of the stock traded hands, compared to its average volume of 1,205,244. The company has a current ratio of 1.75, a quick ratio of 1.47 and a debt-to-equity ratio of 0.60. Peabody Energy has a 52-week low of $22.58 and a 52-week high of $34.47.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. purchased a new stake in Peabody Energy during the 2nd quarter worth approximately $105,000. New York State Teachers Retirement System purchased a new stake in shares of Peabody Energy in the 3rd quarter valued at approximately $125,000. FNY Partners Fund LP purchased a new stake in shares of Peabody Energy in the 2nd quarter valued at approximately $146,000. BNP Paribas Arbitrage SA purchased a new stake in shares of Peabody Energy in the 2nd quarter valued at approximately $162,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in shares of Peabody Energy in the 3rd quarter valued at approximately $209,000. 95.17% of the stock is currently owned by hedge funds and other institutional investors.

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Peabody Energy Company Profile

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.

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Analyst Recommendations for Peabody Energy (NYSE:BTU)

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