Peabody Energy (NYSE:BTU)‘s stock had its “overweight” rating reiterated by equities researchers at JPMorgan Chase in a report released on Friday, March 16th. They currently have a $48.00 target price on the coal producer’s stock, down from their prior target price of $52.00. JPMorgan Chase’s target price suggests a potential upside of 33.82% from the company’s previous close.
BTU has been the subject of a number of other research reports. Zacks Investment Research raised Peabody Energy from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a report on Monday, December 4th. ValuEngine raised Peabody Energy from a “hold” rating to a “buy” rating in a report on Friday, December 1st. B. Riley reissued a “buy” rating and issued a $49.00 target price on shares of Peabody Energy in a report on Tuesday, January 23rd. Jefferies Group raised Peabody Energy to a “buy” rating and raised their target price for the company from $38.00 to $43.00 in a report on Tuesday, December 5th. Finally, Seaport Global Securities reissued a “buy” rating and issued a $48.00 target price on shares of Peabody Energy in a report on Monday, January 22nd. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $42.11.
Shares of NYSE BTU traded down $0.61 during mid-day trading on Friday, hitting $35.87. 1,116,404 shares of the company were exchanged, compared to its average volume of 1,078,204. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.76 and a quick ratio of 1.53. Peabody Energy has a 1-year low of $22.58 and a 1-year high of $41.98. The company has a market cap of $4,652.95 and a PE ratio of 3.72.
Peabody Energy (NYSE:BTU) last issued its quarterly earnings results on Wednesday, February 7th. The coal producer reported $1.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.19. Peabody Energy had a return on equity of 32.83% and a net margin of 14.41%. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the company earned ($10.53) earnings per share. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. analysts anticipate that Peabody Energy will post 3.16 earnings per share for the current fiscal year.
In other news, EVP Charles F. Meintjes sold 1,125 shares of Peabody Energy stock in a transaction on Wednesday, April 4th. The stock was sold at an average price of $36.92, for a total transaction of $41,535.00. Following the completion of the transaction, the executive vice president now owns 206,135 shares of the company’s stock, valued at approximately $7,610,504.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Amy B. Schwetz sold 933 shares of Peabody Energy stock in a transaction on Wednesday, April 4th. The stock was sold at an average price of $36.92, for a total value of $34,446.36. Following the transaction, the chief financial officer now directly owns 215,419 shares of the company’s stock, valued at approximately $7,953,269.48. The disclosure for this sale can be found here. Insiders have sold a total of 3,519 shares of company stock valued at $129,921 in the last ninety days. Corporate insiders own 1.27% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. raised its stake in shares of Peabody Energy by 147.2% during the 4th quarter. Meeder Asset Management Inc. now owns 3,624 shares of the coal producer’s stock worth $142,000 after buying an additional 2,158 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Peabody Energy during the 4th quarter worth about $110,000. The Manufacturers Life Insurance Company increased its position in Peabody Energy by 6.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 51,207 shares of the coal producer’s stock worth $2,015,000 after purchasing an additional 3,310 shares in the last quarter. Legal & General Group Plc increased its position in Peabody Energy by 28.5% during the 3rd quarter. Legal & General Group Plc now owns 16,302 shares of the coal producer’s stock worth $473,000 after purchasing an additional 3,616 shares in the last quarter. Finally, American International Group Inc. increased its position in Peabody Energy by 8.8% during the 4th quarter. American International Group Inc. now owns 44,956 shares of the coal producer’s stock worth $1,770,000 after purchasing an additional 3,620 shares in the last quarter. 79.34% of the stock is owned by institutional investors and hedge funds.
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About Peabody Energy
Peabody Energy Corporation engages in coal mining business. The company operates through six segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, and Trading and Brokerage. It is involved in mining, preparation, and sale of thermal coal primarily to electric utilities; and metallurgical coal that include hard coking coal, semi-hard coking coal, semi-soft coking coal, and low-volatile pulverized coal injection for industrial customers.
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