Peabody Energy (NYSE:BTU) Price Target Cut to $28.00

Peabody Energy (NYSE:BTU) had its price objective dropped by research analysts at Deutsche Bank from $30.00 to $28.00 in a research report issued on Monday, BenzingaRatingsTable reports. The brokerage currently has a “buy” rating on the coal producer’s stock. Deutsche Bank’s price target would indicate a potential upside of 55.95% from the company’s previous close.

A number of other research firms also recently commented on BTU. Zacks Investment Research raised shares of Peabody Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, July 22nd. MKM Partners lowered their price objective on shares of Peabody Energy from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $37.00.

Shares of BTU traded down $0.47 during midday trading on Monday, reaching $17.96. The stock had a trading volume of 244,613 shares, compared to its average volume of 926,546. Peabody Energy has a 1-year low of $17.85 and a 1-year high of $44.71. The business has a fifty day moving average price of $22.87. The firm has a market capitalization of $1.97 billion, a P/E ratio of 5.70 and a beta of 0.83. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.52 and a current ratio of 1.81.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings data on Wednesday, July 31st. The coal producer reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.09. Peabody Energy had a net margin of 9.47% and a return on equity of 10.64%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the business earned $0.93 EPS. The company’s revenue was down 12.2% on a year-over-year basis. Research analysts expect that Peabody Energy will post 2.16 earnings per share for the current year.

In other news, EVP Charles F. Meintjes sold 35,779 shares of Peabody Energy 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 sale, the executive vice president now owns 123,398 shares of the company’s stock, valued at $2,922,064.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.75% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in Peabody Energy by 3.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,398,714 shares of the coal producer’s stock worth $103,594,000 after acquiring an additional 106,490 shares during the last quarter. JPMorgan Chase & Co. raised its position 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 acquiring an additional 119,812 shares during the last quarter. Thornburg Investment Management Inc. raised its position 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 acquiring an additional 17,241 shares during the last quarter. AJO LP raised its position in Peabody Energy by 28.8% during the first quarter. AJO LP now owns 1,269,843 shares of the coal producer’s stock worth $35,975,000 after acquiring an additional 284,145 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in Peabody Energy by 8.2% during the second quarter. Robeco Institutional Asset Management B.V. now owns 622,631 shares of the coal producer’s stock worth $15,005,000 after acquiring an additional 47,267 shares during the last quarter.

Peabody Energy Company Profile

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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Analyst Recommendations for Peabody Energy (NYSE:BTU)

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