ValuEngine downgraded shares of Peabody Energy (NYSE:BTU) from a buy rating to a hold rating in a research note released on Friday.
A number of other equities analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Peabody Energy from a hold rating to a buy rating and set a $45.00 price target on the stock in a research note on Wednesday, January 24th. 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. Seaport Global Securities reissued a buy rating and issued a $48.00 target price on shares of Peabody Energy in a research note on Monday, January 22nd. Stifel Nicolaus reissued a hold rating and issued a $43.00 target price on shares of Peabody Energy in a research note on Tuesday, January 16th. Finally, Jefferies Group raised shares of Peabody Energy to a buy rating and raised their target price for the company from $38.00 to $43.00 in a research note on Tuesday, December 5th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Peabody Energy currently has a consensus rating of Buy and an average target price of $41.20.
Peabody Energy (BTU) opened at $40.05 on Friday. 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 has a one year low of $22.58 and a one year high of $41.17.
Several hedge funds have recently modified their holdings of BTU. Elliott Management Corp purchased a new position in shares of Peabody Energy in the 2nd quarter valued at $518,196,000. PointState Capital LP purchased a new position in shares of Peabody Energy in the 2nd quarter valued at $148,105,000. Vanguard Group Inc. purchased a new position in shares of Peabody Energy in the 2nd quarter valued at $142,007,000. BlackRock Inc. purchased a new position in shares of Peabody Energy in the 2nd quarter valued at $91,395,000. Finally, Platinum Investment Management Ltd. purchased a new position in shares of Peabody Energy in the 3rd quarter valued at $75,765,000. 94.20% of the stock is currently owned by institutional investors and hedge funds.
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About Peabody Energy
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.
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