Peabody Energy (NYSE:BTU) Cut to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Peabody Energy (NYSE:BTU) from a buy rating to a hold rating in a report released on Tuesday, December 5th.

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. “

Other equities research analysts have also issued reports about the stock. B. Riley restated a buy rating on shares of Peabody Energy in a report on Wednesday, November 1st. FBR & Co reiterated a buy rating and set a $37.00 price target (up from $36.00) on shares of Peabody Energy in a research note on Wednesday, October 25th. MKM Partners reaffirmed a buy rating on shares of Peabody Energy in a report on Tuesday, September 12th. ValuEngine raised shares of Peabody Energy from a hold rating to a buy rating in a report on Friday, December 1st. Finally, Jefferies Group assumed coverage on shares of Peabody Energy in a report on Tuesday, November 14th. They issued a buy rating and a $38.00 price target on the stock. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $37.11.

Shares of Peabody Energy (NYSE BTU) traded down $0.17 during midday trading on Tuesday, hitting $39.37. 598,670 shares of the stock were exchanged, compared to its average volume of 1,115,941. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.75 and a quick ratio of 1.47. Peabody Energy has a fifty-two week low of $22.58 and a fifty-two week high of $39.86.

Peabody Energy (NYSE:BTU) last issued its quarterly earnings results on Wednesday, October 25th. The coal producer reported $1.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.14. Peabody Energy had a net margin of 4.60% and a return on equity of 19.92%. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the company posted ($7.53) EPS. The firm’s revenue was up 22.4% compared to the same quarter last year. sell-side analysts expect that Peabody Energy will post 9.62 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Strs Ohio purchased a new stake in shares of Peabody Energy in the second quarter worth approximately $933,000. TD Asset Management Inc. bought a new position in Peabody Energy during the second quarter valued at approximately $11,766,000. Schwab Charles Investment Management Inc. bought a new position in Peabody Energy during the second quarter valued at approximately $9,104,000. Rhumbline Advisers bought a new position in Peabody Energy during the second quarter valued at approximately $1,461,000. Finally, Dupont Capital Management Corp bought a new position in Peabody Energy during the second quarter valued at approximately $5,148,000. Institutional investors own 95.17% of the company’s stock.

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Peabody Energy Company Profile

Peabody Energy Corporation is a coal company. The Company’s segments include Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, Trading and Brokerage, and Corporate and Other. Its Powder River Basin Mining operations consist of its mines in Wyoming.

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