Peabody Energy Corp. Rating Increased to Buy at Goldman Sachs (BTU)
Peabody Energy Corp. (NYSE: BTU) was upgraded by equities researchers at Goldman Sachs (NYSE: GS) from a “neutral” rating to a “buy” rating in a report issued on Tuesday. The firm currently has a $37.00 target price on the stock.
Shares of Peabody Energy Corp. traded down 5.47% during mid-day trading on Tuesday, hitting $23.84. Peabody Energy Corp. has a one year low of $22.85 and a one year high of $61.98. The company has a market cap of $6.494 billion and a P/E ratio of 7.19.
Peabody Energy Corp. last issued its quarterly earnings data on Thursday, April 19th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.13. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. On average, analysts predict that Peabody Energy Corp. will post $0.67 earnings per share next quarter.
A number of other firms have also recently commented on BTU. Analysts at Davenport upgraded shares of Peabody Energy Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Friday, May 18th. Separately, analysts at Brean Murray cut their price target on shares of Peabody Energy Corp. to $43.00 in a research note to investors on Friday, April 20th. Finally, analysts at Howard Weil upgraded shares of Peabody Energy Corp. from a “market perform” rating to an “outperform” rating in a research note to investors on Friday, April 20th. They now have a $51.00 price target on the stock.
Peabody Energy Corporation is a coal company. The Company owns majority interests in 28 coal mining operations located in the United States and Australia.