Peabody Energy (NYSE:BTU) Coverage Initiated at UBS Group

Investment analysts at UBS Group started coverage on shares of Peabody Energy (NYSE:BTU - Get Free Report) in a research note issued to investors on Tuesday,Benzinga reports. The brokerage set a "neutral" rating and a $14.00 price target on the coal producer's stock. UBS Group's target price indicates a potential downside of 6.32% from the stock's current price.

Other equities research analysts also recently issued reports about the company. Benchmark cut their price target on Peabody Energy from $26.00 to $23.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. B. Riley cut their price objective on Peabody Energy from $27.00 to $19.00 and set a "buy" rating for the company in a research note on Friday, April 11th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Peabody Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.60.

Peabody Energy Stock Down 2.0%

NYSE BTU opened at $14.95 on Tuesday. The business's 50-day moving average is $13.92 and its 200 day moving average is $14.76. The stock has a market capitalization of $1.82 billion, a PE ratio of 5.58 and a beta of 0.52. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.36 and a quick ratio of 1.77. Peabody Energy has a 1 year low of $9.61 and a 1 year high of $29.94.

Peabody Energy (NYSE:BTU - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The coal producer reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.20. The business had revenue of $937.00 million for the quarter, compared to analysts' expectations of $976.57 million. Peabody Energy had a net margin of 8.73% and a return on equity of 10.05%. The business's revenue was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.30 earnings per share. Sell-side analysts forecast that Peabody Energy will post 2.61 earnings per share for the current year.

Institutional Investors Weigh In On Peabody Energy

A number of hedge funds have recently added to or reduced their stakes in BTU. Kapitalo Investimentos Ltda boosted its holdings in Peabody Energy by 77.1% in the second quarter. Kapitalo Investimentos Ltda now owns 30,000 shares of the coal producer's stock valued at $403,000 after purchasing an additional 13,062 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Peabody Energy by 65.2% during the second quarter. GAMMA Investing LLC now owns 3,886 shares of the coal producer's stock worth $52,000 after purchasing an additional 1,533 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Peabody Energy by 98.6% during the second quarter. Farther Finance Advisors LLC now owns 9,962 shares of the coal producer's stock worth $134,000 after purchasing an additional 4,946 shares during the period. Exchange Traded Concepts LLC increased its stake in Peabody Energy by 19.0% in the 2nd quarter. Exchange Traded Concepts LLC now owns 67,381 shares of the coal producer's stock valued at $904,000 after buying an additional 10,760 shares during the period. Finally, Vista Investment Partners LLC raised its position in Peabody Energy by 86.1% during the 2nd quarter. Vista Investment Partners LLC now owns 33,735 shares of the coal producer's stock worth $453,000 after buying an additional 15,603 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors and hedge funds.

About Peabody Energy

Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, India, Brazil, Belgium, Chile, France, Indonesia, China, Vietnam, South Korea, Germany, and internationally. The company operates through Seaborne Thermal, Seaborne Metallurgical, Powder River Basin, Other U.S.

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