Peabody Energy Corporation (NYSE:BTU)‘s stock had its “buy” rating reaffirmed by investment analysts at MKM Partners in a research note issued on Tuesday.

A number of other research firms have also recently commented on BTU. Zacks Investment Research raised shares of Peabody Energy Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 26th. Clarkson Capital reissued a “buy” rating on shares of Peabody Energy Corporation in a research report on Thursday, June 22nd. Stifel Nicolaus reissued a “hold” rating and set a $32.00 price target (up previously from $30.00) on shares of Peabody Energy Corporation in a research report on Tuesday, August 8th. FBR & Co increased their price target on shares of Peabody Energy Corporation from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 12th. Finally, Macquarie started coverage on shares of Peabody Energy Corporation in a research report on Thursday, September 7th. They set a “neutral” rating and a $30.00 price target on the stock. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $33.38.

Peabody Energy Corporation (NYSE:BTU) opened at 29.60 on Tuesday. The stock’s market cap is $2.97 billion. Peabody Energy Corporation has a 52-week low of $22.58 and a 52-week high of $32.50. The firm’s 50-day moving average is $28.37 and its 200-day moving average is $25.81.

Peabody Energy Corporation (NYSE:BTU) last posted its earnings results on Tuesday, August 1st. The coal producer reported ($0.18) EPS for the quarter, missing the Zacks’ consensus estimate of $0.89 by $1.07. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.25 billion. The business’s revenue was up 21.0% on a year-over-year basis. Equities research analysts predict that Peabody Energy Corporation will post $5.56 earnings per share for the current year.

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In other news, major shareholder Discovery Capital Management, sold 12,800,000 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $27.10, for a total transaction of $346,880,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Institutional investors and hedge funds have recently modified their holdings of the company. South Dakota Investment Council acquired a new stake in shares of Peabody Energy Corporation during the second quarter worth about $14,308,000. Dupont Capital Management Corp acquired a new stake in shares of Peabody Energy Corporation during the second quarter worth about $5,148,000. Pacific Heights Asset Management LLC acquired a new stake in shares of Peabody Energy Corporation during the second quarter worth about $295,000. Strs Ohio acquired a new stake in shares of Peabody Energy Corporation during the second quarter worth about $933,000. Finally, Micawber Capital LLC acquired a new stake in shares of Peabody Energy Corporation during the second quarter worth about $802,000. 97.98% of the stock is currently owned by institutional investors and hedge funds.

About Peabody Energy Corporation

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.

Analyst Recommendations for Peabody Energy Corporation (NYSE:BTU)

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