Peabody Energy Lowered to Market Perform at Raymond James (BTU)

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Peabody Energy (NYSE: BTU) was downgraded by investment analysts at Raymond James from an “outperform” rating to a “market perform” rating in a note issued to investors on Friday, TheFlyOnTheWall.com reports.

A number of other analysts have also recently weighed in on BTU. Analysts at BB&T reiterated a “buy” rating on shares of Peabody Energy in a research note to investors on Tuesday, May 21st. They now have a $30.00 price target on the stock. Separately, analysts at FBR Capital Markets reiterated an “outperform” rating on shares of Peabody Energy in a research note to investors on Thursday, May 16th. They now have a $26.00 price target on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of Peabody Energy from $33.50 to $26.00 in a research note to investors on Wednesday, April 24th. They now have a “buy” rating on the stock.

One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. Peabody Energy has an average rating of “Hold” and an average price target of $27.63.

Shares of Peabody Energy (NYSE: BTU) opened at 18.74 on Friday. Peabody Energy has a 52 week low of $18.22 and a 52 week high of $29.84. The stock’s 50-day moving average is currently $20.0. The company’s market cap is $5.053 billion.

Peabody Energy (NYSE: BTU) last posted its quarterly earnings results on Thursday, April 18th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.10. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the previous year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was down 13.5% on a year-over-year basis. Peabody Energy has set its Q2 guidance at ($0.25)-0.01 EPS. On average, analysts predict that Peabody Energy will post $0.12 earnings per share for the current fiscal year.

Peabody Energy Corporation (NYSE: BTU) is a coal company.

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