Shares of Peabody Energy Co. (NYSE:BTU) have been given a consensus recommendation of “Hold” by the twenty-one ratings firms that are presently covering the stock, Analyst Ratings Network.com reports. Eight analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $40.72.
A number of equities research analysts have issued reports on the company. Jefferies Group decreased their target price on Peabody Energy from $20.00 to $16.00 and set a “hold” rating for the company in a research report on Wednesday, November 4th. Morgan Stanley cut Peabody Energy from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $180.00 to $45.00 in a research report on Tuesday, October 6th. Stifel Nicolaus cut Peabody Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 30th. JPMorgan Chase & Co. cut Peabody Energy from a “neutral” rating to an “underweight” rating and set a $16.00 target price for the company. in a research report on Tuesday, October 13th. Finally, Zacks Investment Research raised Peabody Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, October 7th.
Shares of Peabody Energy (NYSE:BTU) traded up 1.30% during mid-day trading on Monday, hitting $7.78. 178,987 shares of the company were exchanged. The stock’s 50-day moving average price is $10.04 and its 200 day moving average price is $20.07. The stock’s market cap is $143.93 million. Peabody Energy has a 12-month low of $7.06 and a 12-month high of $123.45.
Peabody Energy (NYSE:BTU) last announced its quarterly earnings results on Tuesday, October 27th. The company reported ($8.13) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($8.38) by $0.25. The firm earned $1.42 billion during the quarter, compared to the consensus estimate of $1.40 billion. The company’s quarterly revenue was down 17.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.59) EPS. On average, equities analysts anticipate that Peabody Energy will post ($34.05) EPS for the current fiscal year.
An institutional investor recently raised its position in Peabody Energy stock. KBC Group boosted its position in shares of Peabody Energy Co. (NYSE:BTU) by 20,137.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The hedge fund owned 24,892 shares of the company’s stock after buying an additional 24,769 shares during the period. KBC Group owned 2.02% of Peabody Energy worth $516,000 as of its most recent filing with the SEC.
Peabody Energy Corporation is a coal company. The Company has five segments: Western United States Mining, Midwestern United States Mining, Australian Mining, Trading and Brokerage, and Corporate and other. Western United States Mining and Midwestern United States segments are engaged in the mining, preparation and sale of thermal coal, which is typically supplied to United States electricity generators and industrial customers for power generation, with a portion sold into seaborne export markets. Australian Mining segment consists of the Company’s mines in Queensland and New South Wales, Australia. Trading and Brokerage segment is engaged in the direct and brokered trading of coal and freight-related contracts. Corporate and Other segment includes selling and administrative items, associated with its joint ventures, resource management activity, past mining obligations and other energy-related commercial activities.