Peabody Energy (BTU) Downgraded to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Peabody Energy (NYSE:BTU) from a strong-buy rating to a hold rating in a report released on Tuesday.

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 reports. FBR & Co lifted their price objective on Peabody Energy from $35.00 to $36.00 and gave the stock a buy rating in a research note on Wednesday, October 18th. Macquarie began coverage on Peabody Energy in a research note on Thursday, September 7th. They set a neutral rating and a $30.00 price objective for the company. Stifel Nicolaus reaffirmed a hold rating and set a $32.00 price objective on shares of Peabody Energy in a research note on Sunday, September 10th. ValuEngine cut Peabody Energy from a buy rating to a hold rating in a research note on Thursday, November 9th. Finally, Jefferies Group began coverage on Peabody Energy in a research note on Tuesday, November 14th. They issued a buy rating and a $38.00 target price for the company. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $37.11.

Shares of Peabody Energy (BTU) opened at $39.95 on Tuesday. The company has a current ratio of 1.75, a quick ratio of 1.47 and a debt-to-equity ratio of 0.60. Peabody Energy has a 52 week low of $22.58 and a 52 week high of $40.08.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings data on Wednesday, October 25th. The coal producer reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.14. Peabody Energy had a return on equity of 19.92% and a net margin of 4.60%. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the firm earned ($7.53) earnings per share. The firm’s quarterly revenue was up 22.4% compared to the same quarter last year. equities research analysts anticipate that Peabody Energy will post 9.62 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of BTU. Ameritas Investment Partners Inc. acquired a new position in Peabody Energy in the second quarter valued at about $105,000. New York State Teachers Retirement System acquired a new position in Peabody Energy in the third quarter valued at about $125,000. FNY Partners Fund LP acquired a new position in Peabody Energy in the second quarter valued at about $146,000. BNP Paribas Arbitrage SA acquired a new position in Peabody Energy in the second quarter valued at about $162,000. Finally, Stratos Wealth Partners LTD. acquired a new position in Peabody Energy in the third quarter valued at about $209,000. 95.17% of the stock is owned by hedge funds and other institutional investors.

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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.

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Analyst Recommendations for Peabody Energy (NYSE:BTU)

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