Deutsche Bank set a $30.00 price objective on Peabody Energy (NYSE:BTU) in a research report sent to investors on Thursday morning, Stock Target Advisor reports. The firm currently has a buy rating on the coal producer’s stock.
Other analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Hess Midstream Partners from a hold rating to a sell rating in a research report on Tuesday, May 14th. Credit Suisse Group reiterated a neutral rating and issued a $108.00 target price on shares of Wynn Resorts in a research report on Wednesday, March 20th. BMO Capital Markets reiterated an outperform rating and issued a C$13.00 target price on shares of IPL Plastics in a research report on Wednesday, March 20th. Finally, MKM Partners decreased their price target on shares of Peabody Energy from $44.00 to $40.00 and set a buy rating on the stock in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. Peabody Energy has an average rating of Hold and an average target price of $37.25.
Shares of NYSE BTU opened at $23.24 on Thursday. The firm has a 50-day moving average of $23.46. Peabody Energy has a 52-week low of $21.42 and a 52-week high of $45.24. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 6.47 and a beta of 0.84. The company has a current ratio of 1.77, a quick ratio of 1.52 and a debt-to-equity ratio of 0.42.
Peabody Energy (NYSE:BTU) last announced its earnings results on Wednesday, May 1st. The coal producer reported $1.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.65. Peabody Energy had a net margin of 10.61% and a return on equity of 12.55%. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter last year, the business earned $0.83 earnings per share. The company’s revenue for the quarter was down 14.5% compared to the same quarter last year. Equities analysts expect that Peabody Energy will post 1.86 EPS for the current fiscal year.
In other news, EVP Charles F. Meintjes sold 35,779 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $23.68, for a total value of $847,246.72. Following the transaction, the executive vice president now directly owns 123,398 shares of the company’s stock, valued at $2,922,064.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.75% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in shares of Peabody Energy by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,398,714 shares of the coal producer’s stock worth $103,594,000 after buying an additional 106,490 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Peabody Energy by 5.3% during the first quarter. JPMorgan Chase & Co. now owns 2,389,495 shares of the coal producer’s stock worth $67,695,000 after purchasing an additional 119,812 shares during the period. Millennium Management LLC raised its stake in Peabody Energy by 106.2% during the fourth quarter. Millennium Management LLC now owns 1,642,244 shares of the coal producer’s stock worth $50,056,000 after purchasing an additional 845,959 shares during the period. Northern Trust Corp raised its stake in Peabody Energy by 19.0% during the fourth quarter. Northern Trust Corp now owns 1,485,236 shares of the coal producer’s stock worth $45,270,000 after purchasing an additional 236,938 shares during the period. Finally, Thornburg Investment Management Inc. raised its stake in Peabody Energy by 1.4% during the first quarter. Thornburg Investment Management Inc. now owns 1,287,366 shares of the coal producer’s stock worth $36,471,000 after purchasing an additional 17,241 shares during the period.
About Peabody Energy
Peabody Energy Corp. engages in the business of coal mining. It operates through the following segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Seaborne Metallurgical Mining, Seaborne Thermal Mining, and Corporate and Other. The Powder River Basin Mining segment consists of its mines in Wyoming.
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