Analysts Set Peabody Energy Co. (BTU) Target Price at $37.00

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Peabody Energy Co. (NYSE:BTU) has been given a consensus recommendation of “Hold” by the ten analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $37.00.

A number of equities analysts have weighed in on BTU shares. B. Riley cut their price target on shares of Peabody Energy to $37.00 and set a “buy” rating on the stock in a research note on Friday, February 8th. Zacks Investment Research raised shares of Peabody Energy from a “hold” rating to a “strong-buy” rating and set a $41.00 price target on the stock in a research note on Tuesday, February 5th. MKM Partners set a $44.00 price target on shares of Peabody Energy and gave the stock a “buy” rating in a research note on Friday, February 8th. Credit Suisse Group started coverage on shares of Peabody Energy in a research note on Wednesday, March 20th. They set an “outperform” rating and a $42.00 price target on the stock. Finally, Deutsche Bank started coverage on shares of Peabody Energy in a research note on Sunday, March 31st. They set a “buy” rating and a $33.00 price target on the stock.

NYSE BTU traded up $0.07 during mid-day trading on Friday, reaching $26.69. 340,331 shares of the stock were exchanged, compared to its average volume of 811,212. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.52 and a current ratio of 1.77. The firm has a market cap of $2.85 billion, a P/E ratio of 8.47 and a beta of 0.61. Peabody Energy has a 1-year low of $26.31 and a 1-year high of $47.84.

Peabody Energy (NYSE:BTU) last posted its quarterly earnings results on Wednesday, May 1st. The coal producer reported $1.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.65. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.24 billion. Peabody Energy had a net margin of 10.61% and a return on equity of 12.55%. Peabody Energy’s revenue was down 14.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.83 earnings per share. As a group, equities analysts predict that Peabody Energy will post 3 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 22nd will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Tuesday, May 21st. This is an increase from Peabody Energy’s previous quarterly dividend of $0.13. Peabody Energy’s dividend payout ratio (DPR) is currently 16.51%.

In other news, EVP A. Verona Dorch sold 33,527 shares of the firm’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $27.98, for a total value of $938,085.46. Following the transaction, the executive vice president now owns 77,289 shares of the company’s stock, valued at approximately $2,162,546.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider George John Schuller, Jr. sold 16,971 shares of the firm’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $27.98, for a total transaction of $474,848.58. Following the completion of the transaction, the insider now directly owns 45,164 shares in the company, valued at approximately $1,263,688.72. The disclosure for this sale can be found here. In the last three months, insiders sold 50,980 shares of company stock worth $1,426,069. Insiders own 0.75% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Metropolitan Life Insurance Co. NY increased its stake in Peabody Energy by 363.5% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 24,563 shares of the coal producer’s stock worth $749,000 after buying an additional 19,263 shares during the period. Federated Investors Inc. PA increased its stake in Peabody Energy by 537.8% during the 3rd quarter. Federated Investors Inc. PA now owns 116,895 shares of the coal producer’s stock worth $4,166,000 after buying an additional 98,566 shares during the period. Weiss Multi Strategy Advisers LLC grew its holdings in Peabody Energy by 12.5% during the 4th quarter. Weiss Multi Strategy Advisers LLC now owns 45,000 shares of the coal producer’s stock worth $1,372,000 after acquiring an additional 5,000 shares in the last quarter. Cigna Investments Inc. New grew its holdings in Peabody Energy by 56.1% during the 4th quarter. Cigna Investments Inc. New now owns 13,191 shares of the coal producer’s stock worth $402,000 after acquiring an additional 4,743 shares in the last quarter. Finally, Strs Ohio grew its holdings in Peabody Energy by 3.9% during the 4th quarter. Strs Ohio now owns 37,000 shares of the coal producer’s stock worth $1,127,000 after acquiring an additional 1,400 shares in the last quarter.

Peabody Energy Company Profile

Peabody Energy Corp. engages in the business of coal mining. It operates through the following segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Seaborne Metallurgical Mining, Seaborne Thermal Mining, and Corporate and Other. The Powder River Basin Mining segment consists of its mines in Wyoming.

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Analyst Recommendations for Peabody Energy (NYSE:BTU)

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