Other research analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Peabody Energy Corporation from a hold rating to a strong sell rating in a research report on Tuesday, June 27th. FBR & Co raised their price target on shares of Peabody Energy Corporation from $31.00 to $32.00 and gave the stock an outperform rating in a report on Wednesday, July 12th. Stifel Nicolaus decreased their price target on shares of Peabody Energy Corporation from $29.00 to $27.00 and set a hold rating for the company in a report on Friday, May 19th. Clarkson Capital restated a buy rating on shares of Peabody Energy Corporation in a report on Thursday, June 22nd. Finally, Macquarie began coverage on shares of Peabody Energy Corporation in a report on Thursday, September 7th. They set a neutral rating and a $30.00 price target for the company. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $33.38.
Shares of Peabody Energy Corporation (NYSE BTU) traded up 0.97% on Tuesday, hitting $30.08. 117,641 shares of the stock were exchanged. Peabody Energy Corporation has a one year low of $22.58 and a one year high of $32.50. The firm’s 50 day moving average price is $28.45 and its 200 day moving average price is $25.84. The firm’s market cap is $3.02 billion.
Peabody Energy Corporation (NYSE:BTU) last released its earnings results on Tuesday, August 1st. The coal producer reported ($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($1.07). The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.25 billion. The business’s revenue was up 21.0% on a year-over-year basis. Equities analysts anticipate that Peabody Energy Corporation will post $6.28 earnings per share for the current year.
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In other news, major shareholder Discovery Capital Management, sold 12,800,000 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $27.10, for a total value of $346,880,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Institutional investors have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. acquired a new stake in shares of Peabody Energy Corporation during the second quarter valued at about $105,000. FNY Partners Fund LP acquired a new stake in shares of Peabody Energy Corporation during the second quarter valued at about $146,000. BNP Paribas Arbitrage SA acquired a new stake in shares of Peabody Energy Corporation during the second quarter valued at about $162,000. Pacific Heights Asset Management LLC acquired a new stake in shares of Peabody Energy Corporation during the second quarter valued at about $295,000. Finally, Martingale Asset Management L P acquired a new stake in shares of Peabody Energy Corporation during the second quarter valued at about $301,000. Hedge funds and other institutional investors own 97.98% of the company’s stock.
About Peabody Energy Corporation
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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