Jefferies Group upgraded shares of Peabody Energy (NYSE:BTU) to a buy rating in a research report sent to investors on Tuesday morning, Marketbeat.com reports. The firm currently has $43.00 target price on the coal producer’s stock, up from their previous target price of $38.00. Jefferies Group also issued estimates for Peabody Energy’s FY2018 earnings at $1.36 EPS and FY2019 earnings at $0.62 EPS.

A number of other research firms have also recently issued reports on BTU. B. Riley reiterated a buy rating on shares of Peabody Energy in a report on Wednesday, November 1st. Stifel Nicolaus restated a hold rating and issued a $32.00 price objective (up previously from $30.00) on shares of Peabody Energy in a report on Tuesday, August 8th. FBR & Co set a $35.00 price objective on Peabody Energy and gave the company a buy rating in a report on Monday, September 11th. MKM Partners restated a buy rating and issued a $38.00 price objective (up previously from $32.00) on shares of Peabody Energy in a report on Thursday, August 24th. Finally, Zacks Investment Research cut Peabody Energy from a buy rating to a hold rating in a report on Tuesday, October 31st. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $36.44.

Peabody Energy (NYSE BTU) traded up $0.45 during mid-day trading on Tuesday, reaching $33.99. The company’s stock had a trading volume of 957,300 shares, compared to its average volume of 1,214,136. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.75 and a quick ratio of 1.47. Peabody Energy has a 52-week low of $22.58 and a 52-week high of $34.47.

Peabody Energy (NYSE:BTU) last released its earnings results on Wednesday, October 25th. The coal producer reported $1.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.14. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Peabody Energy had a return on equity of 19.92% and a net margin of 4.60%. The company’s revenue was up 22.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($7.53) EPS. sell-side analysts forecast that Peabody Energy will post 9.62 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. GSA Capital Partners LLP bought a new position in shares of Peabody Energy in the 3rd quarter valued at about $788,000. Cubist Systematic Strategies LLC grew its holdings in shares of Peabody Energy by 384.4% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 75,039 shares of the coal producer’s stock valued at $2,177,000 after acquiring an additional 59,548 shares in the last quarter. Mangrove Partners grew its holdings in shares of Peabody Energy by 35.3% in the 3rd quarter. Mangrove Partners now owns 957,801 shares of the coal producer’s stock valued at $27,786,000 after acquiring an additional 250,000 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Peabody Energy in the 3rd quarter valued at about $218,000. Finally, Cornerstone Capital Management Holdings LLC. bought a new position in shares of Peabody Energy in the 3rd quarter valued at about $240,000. Institutional investors own 95.17% of the company’s stock.

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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.

Analyst Recommendations for Peabody Energy (NYSE:BTU)

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