MKM Partners Analysts Give Peabody Energy (BTU) a $44.00 Price Target

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MKM Partners set a $44.00 price target on Peabody Energy (NYSE:BTU) in a research report sent to investors on Friday. The brokerage currently has a buy rating on the coal producer’s stock.

BTU has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Peabody Energy from a buy rating to a hold rating in a research note on Monday, November 5th. Clarkson Capital raised shares of Peabody Energy from a neutral rating to a buy rating in a research note on Wednesday, January 16th. B. Riley reduced their target price on shares of Peabody Energy from $45.00 to $42.00 and set a buy rating on the stock in a research note on Monday, November 5th. Finally, ValuEngine downgraded shares of Peabody Energy from a sell rating to a strong sell rating in a research note on Thursday, November 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $42.17.

Shares of BTU stock opened at $29.73 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.81 and a debt-to-equity ratio of 0.39. Peabody Energy has a 12 month low of $29.08 and a 12 month high of $47.84. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 9.44 and a beta of 0.77.

Peabody Energy (NYSE:BTU) last issued its earnings results on Wednesday, February 6th. The coal producer reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.20. Peabody Energy had a net margin of 11.73% and a return on equity of 14.57%. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the firm earned $2.47 earnings per share. Peabody Energy’s quarterly revenue was down 7.9% compared to the same quarter last year. On average, research analysts anticipate that Peabody Energy will post 2.36 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 6th. Investors of record on Wednesday, February 20th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Tuesday, February 19th. Peabody Energy’s dividend payout ratio (DPR) is currently 16.51%.

Hedge funds have recently made changes to their positions in the stock. Smith Asset Management Group LP acquired a new position in shares of Peabody Energy in the fourth quarter valued at approximately $33,000. Trilogy Capital Inc. acquired a new position in shares of Peabody Energy in the third quarter valued at approximately $156,000. Advisors Asset Management Inc. grew its holdings in shares of Peabody Energy by 169.3% in the second quarter. Advisors Asset Management Inc. now owns 5,456 shares of the coal producer’s stock valued at $248,000 after purchasing an additional 3,430 shares in the last quarter. Cim Investment Mangement Inc. acquired a new position in shares of Peabody Energy in the third quarter valued at approximately $203,000. Finally, GWM Advisors LLC acquired a new position in shares of Peabody Energy in the third quarter valued at approximately $229,000. Hedge funds and other institutional investors own 99.70% of the company’s stock.

Peabody Energy Company Profile

Peabody Energy Corporation engages in coal mining business. The company operates through six segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, and Trading and Brokerage. It is involved in mining, preparation, and sale of thermal coal primarily to electric utilities; and metallurgical coal that include hard coking coal, semi-hard coking coal, semi-soft coking coal, and low-volatile pulverized coal injection for industrial customers.

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Analyst Recommendations for Peabody Energy (NYSE:BTU)

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