Zacks Investment Research Upgrades Peabody Energy (BTU) to Strong-Buy

Peabody Energy (NYSE:BTU) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday. The firm presently has a $44.00 price target on the coal producer’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 13.67% 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. “

A number of other analysts have also recently commented on the stock. ValuEngine cut shares of Peabody Energy from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Jefferies Group began coverage on shares of Peabody Energy in a report on Tuesday, November 14th. They set a “buy” rating and a $38.00 target price on the stock. MKM Partners reiterated a “buy” rating on shares of Peabody Energy in a research note on Tuesday, September 12th. FBR & Co set a $35.00 price target on shares of Peabody Energy and gave the stock a “buy” rating in a research note on Monday, September 11th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $32.00 price target on shares of Peabody Energy in a research note on Sunday, September 10th. Two equities research 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 stock. The stock presently has an average rating of “Buy” and an average price target of $37.11.

Shares of Peabody Energy (BTU) opened at $38.71 on Tuesday. Peabody Energy has a fifty-two week low of $22.58 and a fifty-two week high of $39.15. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.47 and a current ratio of 1.75.

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

Institutional investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. purchased a new position in Peabody Energy in the 2nd quarter worth about $105,000. New York State Teachers Retirement System purchased a new position in Peabody Energy in the 3rd quarter worth about $125,000. FNY Partners Fund LP purchased a new position in Peabody Energy in the 2nd quarter worth about $146,000. BNP Paribas Arbitrage SA purchased a new position in Peabody Energy in the 2nd quarter worth about $162,000. Finally, Stratos Wealth Partners LTD. purchased a new position in Peabody Energy in the 3rd quarter worth about $209,000. Institutional investors own 95.17% of the company’s stock.

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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.

Analyst Recommendations for Peabody Energy (NYSE:BTU)

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