Peabody Energy Co. (NYSE:BTU) – Equities research analysts at B. Riley reduced their FY2020 earnings per share (EPS) estimates for Peabody Energy in a report issued on Friday. B. Riley analyst L. Pipes now forecasts that the coal producer will earn $2.84 per share for the year, down from their previous forecast of $2.85. B. Riley has a “Buy” rating and a $49.00 price objective on the stock.
Several other analysts have also commented on BTU. FBR & Co set a $35.00 price target on shares of Peabody Energy and gave the company a “buy” rating in a research report on Wednesday, October 11th. Zacks Investment Research raised shares of Peabody Energy from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research report on Wednesday, October 25th. ValuEngine lowered shares of Peabody Energy from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Jefferies Group initiated coverage on shares of Peabody Energy in a research report on Tuesday, November 14th. They set a “buy” rating and a $38.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $41.20.
Institutional investors have recently made changes to their positions in the stock. Mangrove Partners raised its position in shares of Peabody Energy by 35.3% in the 3rd quarter. Mangrove Partners now owns 957,801 shares of the coal producer’s stock valued at $27,786,000 after purchasing an additional 250,000 shares during the last quarter. TIAA CREF Investment Management LLC purchased a new position in shares of Peabody Energy in the 2nd quarter valued at approximately $6,654,000. JPMorgan Chase & Co. purchased a new position in shares of Peabody Energy in the 2nd quarter valued at approximately $3,527,000. Legal & General Group Plc raised its position in shares of Peabody Energy by 28.5% in the 3rd quarter. Legal & General Group Plc now owns 16,302 shares of the coal producer’s stock valued at $473,000 after purchasing an additional 3,616 shares during the last quarter. Finally, Glendon Capital Management LP purchased a new position in shares of Peabody Energy in the 2nd quarter valued at approximately $2,431,000. 94.20% of the stock is owned by hedge funds and other institutional investors.
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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