Peabody Energy (NYSE:BTU) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Peabody Energy (NYSE:BTU) from a sell rating to a hold rating in a report released on Friday, Zacks.com reports.

According to Zacks, “Peabody Energy Corporation is a coal company. It provides voice in advocating for sustainable mining, energy access and clean coal technologies. The company serves metallurgical and thermal coal customers primarily in Arizona, Colorado, New Mexico and Wyoming, Illinois, Indiana and Australia. Peabody Energy Corporation is based in St Louis, United States. “

BTU has been the subject of a number of other research reports. ValuEngine raised shares of Peabody Energy from a buy rating to a strong-buy rating in a research report on Monday, June 8th. Deutsche Bank downgraded shares of Peabody Energy from a buy rating to a hold rating and set a $4.00 target price for the company. in a research report on Friday, March 20th. B. Riley decreased their target price on shares of Peabody Energy from $5.00 to $4.00 and set a neutral rating for the company in a research report on Thursday, April 30th. Finally, Clarkson Capital downgraded shares of Peabody Energy from a buy rating to a neutral rating in a research report on Thursday, May 7th. Eight analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $12.38.

Shares of NYSE:BTU opened at $2.87 on Friday. Peabody Energy has a 12 month low of $2.51 and a 12 month high of $23.73. The company has a quick ratio of 1.43, a current ratio of 1.76 and a debt-to-equity ratio of 0.53. The company’s fifty day simple moving average is $3.30 and its 200 day simple moving average is $5.06. The firm has a market cap of $280.40 million, a price-to-earnings ratio of -0.60 and a beta of 1.51.

Peabody Energy (NYSE:BTU) last issued its quarterly earnings data on Wednesday, April 29th. The coal producer reported ($1.33) EPS for the quarter, missing analysts’ consensus estimates of ($1.01) by ($0.32). The company had revenue of $846.20 million for the quarter, compared to analyst estimates of $856.98 million. Peabody Energy had a negative return on equity of 6.69% and a negative net margin of 11.03%. The company’s revenue was down 32.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.15 earnings per share. Research analysts expect that Peabody Energy will post -3.85 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Arizona State Retirement System bought a new stake in shares of Peabody Energy during the 1st quarter worth about $46,000. Public Employees Retirement Association of Colorado boosted its holdings in shares of Peabody Energy by 68.1% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 17,482 shares of the coal producer’s stock worth $51,000 after buying an additional 7,080 shares during the period. Water Island Capital LLC bought a new stake in shares of Peabody Energy during the 1st quarter worth about $67,000. SG Americas Securities LLC boosted its holdings in shares of Peabody Energy by 29.5% during the 1st quarter. SG Americas Securities LLC now owns 22,948 shares of the coal producer’s stock worth $67,000 after buying an additional 5,226 shares during the period. Finally, Bank of Montreal Can boosted its holdings in shares of Peabody Energy by 54.5% during the 4th quarter. Bank of Montreal Can now owns 10,440 shares of the coal producer’s stock worth $95,000 after buying an additional 3,681 shares during the period. 98.06% of the stock is owned by institutional investors.

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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