ValuEngine Lowers Peabody Energy Corporation (BTU) to Hold

ValuEngine lowered shares of Peabody Energy Corporation (NYSE:BTU) from a buy rating to a hold rating in a research report released on Thursday morning.

A number of other research firms also recently commented on BTU. Zacks Investment Research upgraded Peabody Energy Corporation from a sell rating to a hold rating in a report on Wednesday, July 26th. B. Riley reiterated a buy rating on shares of Peabody Energy Corporation in a report on Wednesday, November 1st. Stifel Nicolaus reiterated a hold rating and issued a $32.00 price objective (up previously from $30.00) on shares of Peabody Energy Corporation in a report on Tuesday, August 8th. FBR & Co increased their price objective on Peabody Energy Corporation from $31.00 to $32.00 and gave the company an outperform rating in a report on Wednesday, July 12th. Finally, MKM Partners reiterated a buy rating and issued a $38.00 price objective (up previously from $32.00) on shares of Peabody Energy Corporation in a report on Thursday, August 24th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of Buy and an average price target of $35.13.

Peabody Energy Corporation (NYSE BTU) traded up $0.03 on Thursday, hitting $31.10. The stock had a trading volume of 604,000 shares, compared to its average volume of 1,128,113. Peabody Energy Corporation has a fifty-two week low of $22.58 and a fifty-two week high of $32.50. The company has a current ratio of 1.75, a quick ratio of 1.47 and a debt-to-equity ratio of 0.60.

Peabody Energy Corporation (NYSE:BTU) last released its quarterly earnings data on Wednesday, October 25th. The coal producer reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.14. Peabody Energy Corporation had a return on equity of 19.92% and a net margin of 4.60%. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the business posted ($7.53) EPS. The business’s revenue for the quarter was up 22.4% on a year-over-year basis. research analysts expect that Peabody Energy Corporation will post 9.62 earnings per share for the current year.

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In related news, major shareholder Discovery Capital Management, sold 12,800,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $27.10, for a total transaction of $346,880,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.27% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. South Dakota Investment Council purchased a new position in shares of Peabody Energy Corporation in the 2nd quarter valued at approximately $14,308,000. TIAA CREF Investment Management LLC purchased a new position in shares of Peabody Energy Corporation in the 2nd quarter valued at approximately $6,654,000. American Century Companies Inc. purchased a new position in shares of Peabody Energy Corporation in the 2nd quarter valued at approximately $724,000. York Capital Management Global Advisors LLC purchased a new position in shares of Peabody Energy Corporation in the 2nd quarter valued at approximately $5,863,000. Finally, Laurion Capital Management LP purchased a new position in shares of Peabody Energy Corporation in the 2nd quarter valued at approximately $10,599,000. Institutional investors own 98.02% of the company’s stock.

Peabody Energy Corporation 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 Corporation (NYSE:BTU)

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