Peabody Energy (BTU) Rating Increased to Buy at Zacks Investment Research

Peabody Energy (NYSE:BTU) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The brokerage currently has a $43.00 target price on the coal producer’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 7.66% from the stock’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. “

BTU has been the subject of a number of other research reports. FBR & Co boosted their price objective on Peabody Energy from $35.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. ValuEngine cut Peabody Energy from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Jefferies Group assumed coverage on Peabody Energy in a report on Tuesday, November 14th. They set a “buy” rating and a $38.00 price objective for the company. B. Riley restated a “buy” rating and set a $49.00 price objective on shares of Peabody Energy in a report on Tuesday, January 23rd. Finally, Seaport Global Securities restated a “buy” rating and set a $48.00 price objective on shares of Peabody Energy in a report on Monday, January 22nd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Peabody Energy has a consensus rating of “Buy” and an average price target of $41.00.

Peabody Energy (NYSE BTU) traded up $1.20 on Tuesday, reaching $39.94. The company had a trading volume of 1,469,051 shares, compared to its average volume of 1,121,605. Peabody Energy has a one year low of $22.58 and a one year high of $41.17. The company has a current ratio of 1.76, a quick ratio of 1.53 and a debt-to-equity ratio of 0.46. The stock has a market cap of $4,050.00 and a PE ratio of 3.97.

Peabody Energy (NYSE:BTU) last posted its quarterly earnings data on Wednesday, February 7th. The coal producer reported $1.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.19. Peabody Energy had a return on equity of 32.83% and a net margin of 14.41%. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the previous year, the business earned ($10.53) EPS. Peabody Energy’s revenue was up 5.3% compared to the same quarter last year. sell-side analysts anticipate that Peabody Energy will post 2.91 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the business. SG Americas Securities LLC purchased a new stake in shares of Peabody Energy in the 4th quarter worth $110,000. Meeder Asset Management Inc. lifted its holdings in shares of Peabody Energy by 147.2% in the 4th quarter. Meeder Asset Management Inc. now owns 3,624 shares of the coal producer’s stock worth $142,000 after buying an additional 2,158 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in shares of Peabody Energy in the 2nd quarter worth $105,000. New York State Teachers Retirement System purchased a new stake in shares of Peabody Energy in the 3rd quarter worth $125,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Peabody Energy in the 4th quarter worth $179,000. Institutional investors and hedge funds 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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