Peabody Energy (BTU) Cut to “Hold” at Zacks Investment Research

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

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 equities research analysts also recently commented on the stock. ValuEngine downgraded shares of Peabody Energy from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Jefferies Group upgraded shares of Peabody Energy to a “buy” rating and lifted their target price for the stock from $38.00 to $43.00 in a research report on Tuesday, December 5th. Stifel Nicolaus reiterated a “hold” rating and set a $43.00 target price on shares of Peabody Energy in a research report on Tuesday, January 16th. Seaport Global Securities reiterated a “buy” rating and set a $48.00 target price on shares of Peabody Energy in a research report on Monday, January 22nd. Finally, FBR & Co lifted their target price on shares of Peabody Energy from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $41.20.

Peabody Energy (NYSE:BTU) traded up $0.53 during trading hours on Monday, reaching $38.74. 1,137,919 shares of the company traded hands, compared to its average volume of 1,109,625. The company has a current ratio of 1.76, a quick ratio of 1.53 and a debt-to-equity ratio of 0.46. Peabody Energy has a twelve month low of $22.58 and a twelve month high of $41.17. The firm has a market cap of $3,992.95 and a P/E ratio of 3.80.

Peabody Energy (NYSE:BTU) last posted its earnings results on Wednesday, February 7th. The coal producer reported $1.52 EPS for the quarter, topping the consensus estimate of $1.33 by $0.19. Peabody Energy had a net margin of 14.41% and a return on equity of 32.83%. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the company earned ($10.53) EPS. The firm’s revenue was up 5.3% compared to the same quarter last year. equities analysts predict that Peabody Energy will post 2.91 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Quadrature Capital Ltd acquired a new position in shares of Peabody Energy in the 4th quarter worth approximately $385,000. Martingale Asset Management L P lifted its position in shares of Peabody Energy by 18.6% in the 4th quarter. Martingale Asset Management L P now owns 60,544 shares of the coal producer’s stock worth $2,384,000 after purchasing an additional 9,515 shares during the period. Gendell Jeffrey L acquired a new position in shares of Peabody Energy in the 4th quarter worth approximately $4,877,000. American International Group Inc. lifted its position in shares of Peabody Energy by 8.8% in the 4th quarter. American International Group Inc. now owns 44,956 shares of the coal producer’s stock worth $1,770,000 after purchasing an additional 3,620 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Peabody Energy in the 4th quarter worth approximately $3,386,000. Hedge funds and other institutional investors own 94.33% 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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