Peabody Energy (NYSE:BTU) Given Hold (C-) Rating at Weiss Ratings

Key Points

• Peabody Energy has received a "hold (C-)" rating from Weiss Ratings, indicating a cautious outlook from analysts on its stock performance.
• UBS Group and B. Riley have recently adjusted their price targets for Peabody Energy to $27.00 and $24.00 respectively, with four analysts now rating it as a Buy and two as a Hold.
• The company's stock price has experienced volatility, trading down to $31.76 with a 52-week high of $33.28 and a low of $9.61, alongside a reported revenue drop of 14.6% year-over-year.

Peabody Energy (NYSE:BTU - Get Free Report)'s stock had its "hold (c-)" rating reaffirmed by equities researchers at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Several other analysts have also recently commented on the company. UBS Group boosted their price target on Peabody Energy from $17.00 to $27.00 and gave the stock a "neutral" rating in a research report on Wednesday. B. Riley boosted their price target on Peabody Energy from $18.00 to $24.00 and gave the stock a "buy" rating in a research report on Tuesday, September 9th. Finally, Wall Street Zen raised Peabody Energy from a "sell" rating to a "hold" rating in a research note on Friday, October 3rd. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, Peabody Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $25.20.

Peabody Energy Price Performance

Shares of Peabody Energy stock traded down $0.64 on Wednesday, reaching $31.76. The company's stock had a trading volume of 5,705,961 shares, compared to its average volume of 6,343,332. The company has a market capitalization of $3.86 billion, a P/E ratio of 30.84 and a beta of 0.67. Peabody Energy has a 52-week low of $9.61 and a 52-week high of $33.28. The stock has a 50-day moving average price of $20.40 and a 200-day moving average price of $16.04. The company has a quick ratio of 1.64, a current ratio of 2.21 and a debt-to-equity ratio of 0.09.

Peabody Energy (NYSE:BTU - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The coal producer reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.02). The business had revenue of $890.10 million during the quarter, compared to analysts' expectations of $944.27 million. Peabody Energy had a net margin of 3.43% and a return on equity of 4.41%. The firm's quarterly revenue was down 14.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.42 earnings per share. Analysts expect that Peabody Energy will post 2.61 EPS for the current year.

Hedge Funds Weigh In On Peabody Energy

Several hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in Peabody Energy by 17.0% during the 3rd quarter. GAMMA Investing LLC now owns 4,548 shares of the coal producer's stock worth $121,000 after acquiring an additional 662 shares in the last quarter. Corient Private Wealth LLC raised its position in Peabody Energy by 79.4% in the 2nd quarter. Corient Private Wealth LLC now owns 22,201 shares of the coal producer's stock valued at $298,000 after purchasing an additional 9,828 shares in the last quarter. Texas Permanent School Fund Corp raised its position in Peabody Energy by 225.5% in the 2nd quarter. Texas Permanent School Fund Corp now owns 245,878 shares of the coal producer's stock valued at $3,300,000 after purchasing an additional 170,328 shares in the last quarter. Newbridge Financial Services Group Inc. grew its holdings in Peabody Energy by 10.4% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 10,580 shares of the coal producer's stock worth $142,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Caxton Associates LLP grew its holdings in Peabody Energy by 323.7% during the 2nd quarter. Caxton Associates LLP now owns 125,577 shares of the coal producer's stock worth $1,685,000 after acquiring an additional 95,940 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company's stock.

Peabody Energy Company Profile

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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