Peabody Energy Corporation (NYSE:BTU) Stock Has Consensus Price Target of $33.88 According to Brokerages

Shares of Peabody Energy Corporation (NYSE:BTU) have earned an average recommendation of “Hold” from the six ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $34.12.

A number of equities research analysts have issued reports on the company. Benchmark cut their price target on Peabody Energy from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. UBS Group lowered their price objective on shares of Peabody Energy from $27.00 to $26.50 and set a “neutral” rating on the stock in a research note on Tuesday, August 4th. Zacks Research upgraded shares of Peabody Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, September 28th. B. Riley Financial raised shares of Peabody Energy from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $29.00 to $30.00 in a report on Monday. Finally, Weiss Ratings upgraded shares of Peabody Energy from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, October 2nd.

Peabody Energy Stock Performance

BTU stock opened at $22.48 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.01 and a quick ratio of 1.46. Peabody Energy has a 1 year low of $20.06 and a 1 year high of $41.14. The company has a market cap of $2.74 billion, a P/E ratio of -14.99 and a beta of 0.33. The stock’s fifty day moving average price is $26.00 and its 200-day moving average price is $28.29.

Peabody Energy (NYSE:BTU) last posted its quarterly earnings data on Wednesday, July 29th. The coal producer reported ($0.74) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.36). Peabody Energy had a negative net margin of 4.56% and a negative return on equity of 5.22%. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the company posted ($0.23) EPS. The firm’s revenue was up 12.7% compared to the same quarter last year. On average, equities analysts forecast that Peabody Energy will post 0.33 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Deltec Asset Management LLC grew its position in shares of Peabody Energy by 5.9% during the 3rd quarter. Deltec Asset Management LLC now owns 27,000 shares of the coal producer’s stock valued at $659,000 after acquiring an additional 1,500 shares during the period. Steinberganna Wealth Management increased its stake in shares of Peabody Energy by 3.7% in the 3rd quarter. Steinberganna Wealth Management now owns 64,598 shares of the coal producer’s stock worth $1,576,000 after purchasing an additional 2,279 shares in the last quarter. Evergreen Capital Management LLC raised its holdings in Peabody Energy by 6.6% in the 3rd quarter. Evergreen Capital Management LLC now owns 36,631 shares of the coal producer’s stock worth $893,000 after purchasing an additional 2,273 shares during the period. Fifth Third Wealth Advisors LLC bought a new position in Peabody Energy in the 3rd quarter worth $209,000. Finally, Integrated Advisors Network LLC raised its holdings in Peabody Energy by 1.8% in the 3rd quarter. Integrated Advisors Network LLC now owns 255,986 shares of the coal producer’s stock worth $6,243,000 after purchasing an additional 4,542 shares during the period. Hedge funds and other institutional investors own 87.44% of the company’s stock.

About Peabody Energy

Peabody Energy Corp. is a global coal producer and supplier of energy and industrial fuels. The company mines, processes and markets thermal coal, which is primarily used for electricity generation, and metallurgical coal, which is used in steelmaking. Peabody also provides coal-trading and logistics services and works with customers to transport products to domestic and international markets.

Peabody operates mines in the United States and Australia, serving electric utilities, steel producers and other industrial customers.