Jefferies Group LLC Initiates Coverage on Peabody Energy Corporation (BTU)

Jefferies Group LLC initiated coverage on shares of Peabody Energy Corporation (NYSE:BTU) in a research note issued to investors on Tuesday. The firm set a “buy” rating and a $38.00 price target on the coal producer’s stock. Jefferies Group LLC’s price target would suggest a potential upside of 21.87% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Peabody Energy Corporation from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Wednesday, October 25th. FBR & Co restated a “buy” rating and set a $37.00 price objective (up from $36.00) on shares of Peabody Energy Corporation in a research report on Wednesday, October 25th. MKM Partners restated a “buy” rating on shares of Peabody Energy Corporation in a research report on Tuesday, September 12th. B. Riley restated a “buy” rating on shares of Peabody Energy Corporation in a research report on Wednesday, November 1st. Finally, Stifel Nicolaus restated a “hold” rating and set a $32.00 price objective (up from $30.00) on shares of Peabody Energy Corporation in a research report on Tuesday, August 8th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Peabody Energy Corporation has a consensus rating of “Buy” and a consensus target price of $35.44.

Shares of Peabody Energy Corporation (NYSE BTU) opened at $31.18 on Tuesday. Peabody Energy Corporation has a one year low of $22.58 and a one year high of $32.50. The company has a quick ratio of 1.47, a current ratio of 1.75 and a debt-to-equity ratio of 0.60.

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

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In other news, major shareholder Discovery Capital Management, sold 12,800,000 shares of Peabody Energy Corporation stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $27.10, for a total value of $346,880,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders bought 72,000 shares of company stock valued at $10,845.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BTU. Pacific Heights Asset Management LLC acquired a new stake in shares of Peabody Energy Corporation in the second quarter valued at approximately $295,000. First Midwest Bank Trust Division bought a new position in Peabody Energy Corporation in the second quarter valued at approximately $562,000. Parkwood LLC bought a new position in Peabody Energy Corporation in the second quarter valued at approximately $594,000. Strs Ohio bought a new position in Peabody Energy Corporation in the second quarter valued at approximately $933,000. Finally, Tokio Marine Asset Management Co. Ltd. bought a new position in Peabody Energy Corporation in the second quarter valued at approximately $748,000. Institutional investors own 95.23% 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.

Analyst Recommendations for Peabody Energy Corporation (NYSE:BTU)

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