Brokerages Set Peabody Energy Co. (NYSE:BTU) Price Target at $33.13

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Peabody Energy Co. (NYSE:BTU) has earned an average rating of “Hold” from the thirteen analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $32.13.

BTU has been the subject of a number of recent analyst reports. Deutsche Bank cut their price target on shares of Peabody Energy from $30.00 to $28.00 and set a “buy” rating for the company in a report on Monday, August 5th. B. Riley set a $29.00 price target on shares of Peabody Energy and gave the stock a “buy” rating in a report on Thursday, August 22nd. Zacks Investment Research raised shares of Peabody Energy from a “strong sell” rating to a “hold” rating in a report on Monday, July 22nd. TheStreet downgraded shares of Peabody Energy from a “c-” rating to a “d+” rating in a report on Thursday, August 15th. Finally, Jefferies Financial Group downgraded shares of Peabody Energy from a “buy” rating to a “hold” rating and cut their price target for the stock from $27.00 to $18.00 in a report on Tuesday, August 6th.

In related news, EVP Charles F. Meintjes sold 35,779 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $23.68, for a total transaction of $847,246.72. Following the completion of the transaction, the executive vice president now directly owns 123,398 shares in the company, valued at approximately $2,922,064.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder International L.P. Elliott acquired 634,698 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average price of $18.34 per share, with a total value of $11,640,361.32. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 809,698 shares of company stock valued at $14,853,296. 0.75% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in BTU. Nuveen Asset Management LLC acquired a new position in Peabody Energy in the 2nd quarter valued at approximately $30,293,000. Renaissance Technologies LLC increased its position in Peabody Energy by 19.8% in the 2nd quarter. Renaissance Technologies LLC now owns 2,485,145 shares of the coal producer’s stock valued at $59,892,000 after acquiring an additional 411,200 shares during the period. UBS Group AG increased its position in Peabody Energy by 1,312.6% in the 2nd quarter. UBS Group AG now owns 371,971 shares of the coal producer’s stock valued at $8,965,000 after acquiring an additional 345,638 shares during the period. AJO LP increased its position in Peabody Energy by 28.8% in the 1st quarter. AJO LP now owns 1,269,843 shares of the coal producer’s stock valued at $35,975,000 after acquiring an additional 284,145 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its position in Peabody Energy by 57.7% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 575,364 shares of the coal producer’s stock valued at $16,301,000 after acquiring an additional 210,564 shares during the period.

NYSE BTU traded down $0.03 during trading on Friday, reaching $17.36. The company’s stock had a trading volume of 19,819 shares, compared to its average volume of 1,186,074. The company has a current ratio of 1.81, a quick ratio of 1.49 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 5.51 and a beta of 0.83. Peabody Energy has a 12 month low of $17.10 and a 12 month high of $44.71. The firm has a 50 day moving average price of $20.45 and a 200 day moving average price of $25.73.

Peabody Energy (NYSE:BTU) last posted its quarterly earnings data on Wednesday, July 31st. The coal producer reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.09. Peabody Energy had a net margin of 9.47% and a return on equity of 10.64%. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the firm posted $0.93 EPS. The business’s revenue for the quarter was down 12.2% compared to the same quarter last year. On average, equities analysts forecast that Peabody Energy will post 1.75 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Wednesday, August 21st will be given a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a yield of 3.34%. This is a boost from Peabody Energy’s previous quarterly dividend of $0.14. The ex-dividend date is Tuesday, August 20th. Peabody Energy’s dividend payout ratio is currently 18.41%.

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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