ValuEngine cut shares of Peabody Energy (NYSE:BTU) from a buy rating to a hold rating in a report published on Friday.

BTU has been the topic of several other research reports. Zacks Investment Research raised shares of Peabody Energy from a hold rating to a buy rating and set a $34.00 price target on the stock in a research note on Wednesday, October 25th. Seaport Global Securities reaffirmed a buy rating and set a $48.00 price target on shares of Peabody Energy in a research note on Monday, January 22nd. FBR & Co set a $35.00 price target on shares of Peabody Energy and gave the stock a buy rating in a research note on Wednesday, October 11th. Jefferies Group started coverage on shares of Peabody Energy in a research note on Tuesday, November 14th. They set a buy rating and a $38.00 price target on the stock. Finally, B. Riley reaffirmed a buy rating and set a $49.00 price target on shares of Peabody Energy in a research note on Tuesday, January 23rd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of Buy and an average target price of $41.20.

Shares of Peabody Energy (NYSE:BTU) opened at $40.05 on Friday. Peabody Energy has a one year low of $22.58 and a one year high of $41.17. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.75 and a quick ratio of 1.47.

A number of hedge funds have recently made changes to their positions in the business. Elliott Management Corp acquired a new position in Peabody Energy during the 2nd quarter worth $518,196,000. PointState Capital LP acquired a new position in Peabody Energy during the 2nd quarter worth $148,105,000. Vanguard Group Inc. acquired a new position in Peabody Energy during the 2nd quarter worth $142,007,000. BlackRock Inc. acquired a new position in Peabody Energy during the 2nd quarter worth $91,395,000. Finally, Platinum Investment Management Ltd. acquired a new position in Peabody Energy during the 3rd quarter worth $75,765,000. 94.20% of the stock is owned by institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Peabody Energy (NYSE:BTU)

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