Stifel Nicolaus Reaffirms “Hold” Rating for Peabody Energy (BTU)

Stifel Nicolaus restated their hold rating on shares of Peabody Energy (NYSE:BTU) in a report released on Tuesday morning. The brokerage currently has a $43.00 price objective on the coal producer’s stock.

Several other equities research analysts also recently weighed in on BTU. FBR & Co set a $35.00 price objective on shares of Peabody Energy and gave the stock a buy rating in a report on Wednesday, October 11th. Zacks Investment Research raised shares of Peabody Energy from a hold rating to a buy rating and set a $34.00 price objective for the company in a report on Wednesday, October 25th. B. Riley reaffirmed a buy rating on shares of Peabody Energy in a report on Wednesday, November 1st. ValuEngine downgraded shares of Peabody Energy from a buy rating to a hold rating in a report on Thursday, November 9th. Finally, Jefferies Group started coverage on shares of Peabody Energy in a report on Tuesday, November 14th. They issued a buy rating and a $38.00 price objective for the company. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Peabody Energy currently has a consensus rating of Buy and a consensus target price of $38.33.

Shares of Peabody Energy (NYSE BTU) opened at $39.99 on Tuesday. Peabody Energy has a 1-year low of $22.58 and a 1-year high of $40.92. The company has a quick ratio of 1.47, a current ratio of 1.75 and a debt-to-equity ratio of 0.60.

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

A number of hedge funds and other institutional investors have recently modified their holdings of BTU. Schwab Charles Investment Management Inc. acquired a new stake in Peabody Energy in the 2nd quarter valued at about $9,104,000. Rhumbline Advisers acquired a new stake in Peabody Energy in the 2nd quarter valued at about $1,461,000. Bank of New York Mellon Corp acquired a new stake in Peabody Energy in the 2nd quarter valued at about $5,434,000. Legal & General Group Plc acquired a new stake in Peabody Energy in the 2nd quarter valued at about $310,000. Finally, BNP Paribas Arbitrage SA acquired a new stake in Peabody Energy in the 2nd quarter valued at about $162,000. 95.17% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Peabody Energy (NYSE:BTU)

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