Peabody Energy (BTU) Given “Hold” Rating at Stifel Nicolaus

Stifel Nicolaus restated their hold rating on shares of Peabody Energy (NYSE:BTU) in a report published on Tuesday morning. Stifel Nicolaus currently has a $43.00 price objective on the coal producer’s stock.

BTU has been the subject of a number of other research reports. FBR & Co increased their price objective on shares of Peabody Energy from $35.00 to $36.00 and gave the stock a buy rating in a research report on Wednesday, October 18th. Zacks Investment Research raised shares of Peabody Energy from a hold rating to a buy rating and set a $38.00 price objective for the company in a research report on Monday, December 4th. ValuEngine cut shares of Peabody Energy from a buy rating to a hold rating in a research report on Thursday, November 9th. Finally, Jefferies Group assumed coverage on shares of Peabody Energy in a research report on Tuesday, November 14th. They set a buy rating and a $38.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Peabody Energy currently has a consensus rating of Buy and a consensus target price of $38.33.

Peabody Energy (NYSE:BTU) traded down $1.03 during trading hours on Tuesday, hitting $39.58. 1,056,900 shares of the company were exchanged, compared to its average volume of 947,330. 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 1 year low of $22.58 and a 1 year high of $40.92.

Peabody Energy (NYSE:BTU) last posted its quarterly earnings data on Wednesday, October 25th. The coal producer reported $1.49 earnings per share 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 net margin of 4.60% and a return on equity of 19.92%. The firm’s quarterly revenue was up 22.4% on a year-over-year basis. During the same quarter last year, the company posted ($7.53) EPS. equities analysts forecast that Peabody Energy will post 9.62 EPS for the current year.

A number of hedge funds have recently modified their holdings of the business. Discovery Capital Management LLC CT purchased a new position in Peabody Energy in the 2nd quarter valued at approximately $535,982,000. Elliott Management Corp purchased a new position in Peabody Energy in the 2nd quarter valued at approximately $518,196,000. PointState Capital LP purchased a new position in Peabody Energy in the 2nd quarter valued at approximately $148,105,000. Vanguard Group Inc. purchased a new position in Peabody Energy in the 2nd quarter valued at approximately $142,007,000. Finally, BlackRock Inc. purchased a new position in Peabody Energy in the 2nd quarter valued at approximately $91,395,000. 95.17% 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.

Analyst Recommendations for Peabody Energy (NYSE:BTU)

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