Peabody Energy Corporation (NYSE:BTU) Stock Has Average Price Target of $33.88

Key Points

• Peabody Energy has a consensus “Hold” rating among six analysts, with one sell, three hold and two buy recommendations. The average 12-month price target is $33.88, above the reported share price of $22.87.
• Recent analysts have generally reduced their price targets, including B. Riley to $29, Benchmark to $36 and UBS to $26.50, while maintaining neutral or buy ratings.
• Peabody reported a quarterly loss of $0.74 per share, missing the $0.38 loss expected by analysts, while revenue reached $1 billion and increased 12.7% year over year. Institutional investors own approximately 87.44% of the stock.

Shares of Peabody Energy Corporation (NYSE:BTU - Get Free Report) have received a consensus recommendation of "Hold" from the six analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $33.88.

Several brokerages have recently weighed in on BTU. B. Riley Financial reduced their price objective on shares of Peabody Energy from $30.00 to $29.00 and set a "neutral" rating for the company in a research report on Thursday, July 30th. Benchmark lowered their target price on shares of Peabody Energy from $40.00 to $36.00 and set a "buy" rating for the company in a report on Thursday, July 30th. UBS Group dropped their target price on shares of Peabody Energy from $27.00 to $26.50 and set a "neutral" rating on the stock in a research report on Tuesday, August 4th. Weiss Ratings raised Peabody Energy from a "sell (d)" rating to a "sell (d+)" rating in a research report on Friday, October 2nd. Finally, Zacks Research raised Peabody Energy from a "strong sell" rating to a "hold" rating in a research report on Monday, September 28th.

Peabody Energy Price Performance

Shares of NYSE BTU opened at $22.87 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.46 and a current ratio of 2.01. Peabody Energy has a fifty-two week low of $20.06 and a fifty-two week high of $41.14. The firm has a market capitalization of $2.79 billion, a PE ratio of -15.25 and a beta of 0.33. The stock's 50-day simple moving average is $26.24 and its 200-day simple moving average is $25.49.

Peabody Energy (NYSE:BTU - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The coal producer reported ($0.74) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.38) by ($0.36). The business had revenue of $1 billion during the quarter, compared to analyst estimates of $1.02 billion. Peabody Energy had a negative net margin of 4.56% and a negative return on equity of 5.22%. The business's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period last year, the company earned ($0.23) earnings per share. As a group, equities research analysts forecast that Peabody Energy will post 0.33 EPS for the current fiscal year.

Institutional Investors Weigh In On Peabody Energy

Large investors have recently modified their holdings of the company. Corient Private Wealth LLC lifted its position in Peabody Energy by 2.8% during the fourth quarter. Corient Private Wealth LLC now owns 24,328 shares of the coal producer's stock worth $723,000 after buying an additional 668 shares during the period. Valued Wealth Advisors LLC purchased a new stake in Peabody Energy in the 1st quarter valued at about $25,000. The Manufacturers Life Insurance Company grew its holdings in Peabody Energy by 1.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 56,694 shares of the coal producer's stock valued at $1,868,000 after buying an additional 886 shares during the period. Meeder Asset Management Inc. increased its stake in shares of Peabody Energy by 1,513.7% during the 1st quarter. Meeder Asset Management Inc. now owns 1,178 shares of the coal producer's stock valued at $39,000 after acquiring an additional 1,105 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of Peabody Energy by 42.6% during the 1st quarter. Parallel Advisors LLC now owns 3,730 shares of the coal producer's stock valued at $123,000 after acquiring an additional 1,115 shares during the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

Peabody Energy Company Profile

Peabody Energy Corp. is a global coal producer and supplier of energy and industrial fuels. The company mines, processes and markets thermal coal, which is primarily used for electricity generation, and metallurgical coal, which is used in steelmaking. Peabody also provides coal-trading and logistics services and works with customers to transport products to domestic and international markets.

Peabody operates mines in the United States and Australia, serving electric utilities, steel producers and other industrial customers.

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