Peabody Energy (BTU) Upgraded at Zacks Investment Research
Peabody Energy (NYSE:BTU) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday. The firm currently has a $39.00 price objective on the coal producer’s stock. Zacks Investment Research‘s price target suggests a potential upside of 13.90% from the company’s current price.
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. “
Other equities research analysts have also issued reports about the stock. B. Riley reiterated a “buy” rating on shares of Peabody Energy in a report on Wednesday, November 1st. FBR & Co reiterated a “buy” rating and issued a $37.00 target price (up from $36.00) on shares of Peabody Energy in a report on Wednesday, October 25th. MKM Partners reiterated a “buy” rating on shares of Peabody Energy in a report on Tuesday, September 12th. Jefferies Group upgraded shares of Peabody Energy to a “buy” rating and increased their target price for the stock from $38.00 to $43.00 in a report on Tuesday, December 5th. Finally, ValuEngine upgraded shares of Peabody Energy from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $36.56.
Peabody Energy (NYSE:BTU) last announced its quarterly earnings data on Wednesday, October 25th. The coal producer reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.50 billion. During the same period last year, the firm earned ($7.53) earnings per share. The business’s revenue for the quarter was up 22.4% on a year-over-year basis. equities analysts anticipate that Peabody Energy will post 9.62 earnings per share for the current year.
Large investors have recently modified their holdings of the stock. Carroll Financial Associates raised its holdings in shares of Peabody Energy by 1,900.0% during the fourth quarter. Carroll Financial Associates now owns 20 shares of the coal producer’s stock worth $0 after acquiring an additional 19 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in shares of Peabody Energy during the second quarter worth $105,000. New York State Teachers Retirement System acquired a new stake in shares of Peabody Energy during the third quarter worth $125,000. UBS Asset Management Americas Inc. raised its holdings in shares of Peabody Energy by 332.5% during the first quarter. UBS Asset Management Americas Inc. now owns 56,677 shares of the coal producer’s stock worth $131,000 after acquiring an additional 43,573 shares during the period. Finally, FNY Partners Fund LP acquired a new stake in shares of Peabody Energy during the second quarter worth $146,000. Institutional investors and hedge funds own 95.17% of the company’s stock.
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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.
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