Peabody Energy (BTU) Rating Reiterated by B. Riley

Peabody Energy (NYSE:BTU)‘s stock had its “buy” rating restated by B. Riley in a research note issued to investors on Tuesday. They presently have a $49.00 price target on the coal producer’s stock. B. Riley’s price target indicates a potential upside of 21.83% from the company’s current price.

Several other analysts also recently weighed in on BTU. Seaport Global Securities reaffirmed a “buy” rating and set a $48.00 price target on shares of Peabody Energy in a research note on Monday. Stifel Nicolaus reaffirmed a “hold” rating and set a $43.00 price target on shares of Peabody Energy in a research note on Tuesday, January 16th. FBR & Co set a $35.00 price target on shares of Peabody Energy and gave the company a “buy” rating in a research note on Wednesday, October 11th. ValuEngine raised shares of Peabody Energy from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research downgraded shares of Peabody Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 25th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $41.10.

Peabody Energy (NYSE BTU) traded up $0.23 during trading on Tuesday, hitting $40.22. 789,300 shares of the stock traded hands, compared to its average volume of 952,114. The company has a quick ratio of 1.47, a current ratio of 1.75 and a debt-to-equity ratio of 0.60. Peabody Energy has a 1 year low of $22.58 and a 1 year high of $40.92.

Peabody Energy (NYSE:BTU) last posted its quarterly earnings results on Wednesday, October 25th. The coal producer reported $1.49 earnings per share for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the firm posted ($7.53) earnings per share. The company’s revenue was up 22.4% on a year-over-year basis. sell-side analysts predict that Peabody Energy will post 9.62 EPS for the current year.

Large investors have recently modified their holdings of the stock. Ameritas Investment Partners Inc. bought a new position in Peabody Energy in the second quarter worth approximately $105,000. New York State Teachers Retirement System bought a new position in Peabody Energy in the third quarter worth approximately $125,000. BNP Paribas Arbitrage SA bought a new position in Peabody Energy in the second quarter worth approximately $162,000. Stratos Wealth Partners LTD. bought a new position in Peabody Energy in the third quarter worth approximately $209,000. Finally, Amalgamated Bank bought a new position in Peabody Energy in the third quarter worth approximately $211,000. 93.97% 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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