Peabody Energy Corp. Rating Increased to Buy at Davenport (BTU)

By admin | 6 years ago

Peabody Energy Corp. (NYSE: BTU) was upgraded by equities researchers at Davenport from a “neutral” rating to a “buy” rating in a report issued on Friday.

Shares of Peabody Energy Corp. traded up 0.93% during mid-day trading on Friday, hitting $23.99. Peabody Energy Corp. has a one year low of $27.11 and a one year high of $68.30. The company has a market cap of $6.535 billion and a P/E ratio of 6.78.

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.

Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at Zacks upgraded shares of Peabody Energy Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Friday, April 13rd. They now have a $29.00 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.

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