B. Riley Increases Peabody Energy (NYSE:BTU) Price Target to $34.00

Peabody Energy (NYSE:BTUGet Rating) had its target price boosted by research analysts at B. Riley from $32.00 to $34.00 in a research report issued on Monday, The Fly reports. B. Riley’s price objective indicates a potential upside of 58.95% from the company’s current price.

BTU has been the subject of a number of other research reports. Jefferies Financial Group raised their target price on Peabody Energy from $18.00 to $25.00 and gave the company a “hold” rating in a research note on Wednesday, March 9th. Benchmark raised their target price on Peabody Energy from $19.00 to $29.00 in a research note on Monday. Zacks Investment Research upgraded Peabody Energy from a “sell” rating to a “hold” rating and set a $15.00 price objective for the company in a research note on Friday, February 4th. Finally, TheStreet upgraded Peabody Energy from a “d” rating to a “c” rating in a research note on Thursday, February 10th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Peabody Energy has a consensus rating of “Buy” and an average price target of $25.75.

Shares of BTU stock traded down $1.25 during trading hours on Monday, reaching $21.39. The company’s stock had a trading volume of 57,376 shares, compared to its average volume of 9,912,988. The company has a market capitalization of $2.96 billion, a PE ratio of 8.95 and a beta of 1.19. Peabody Energy has a one year low of $3.56 and a one year high of $33.29. The business’s fifty day moving average is $24.19. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.93 and a quick ratio of 1.69.

Peabody Energy (NYSE:BTUGet Rating) last released its earnings results on Thursday, April 28th. The coal producer reported ($0.88) EPS for the quarter, missing the Zacks’ consensus estimate of $2.16 by ($3.04). The firm had revenue of $691.40 million during the quarter, compared to analysts’ expectations of $1.11 billion. Peabody Energy had a net margin of 9.55% and a return on equity of 47.71%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.82) EPS. Analysts expect that Peabody Energy will post 7.49 earnings per share for the current year.

In related news, insider Marc E. Hathhorn sold 1,639 shares of the stock in a transaction that occurred on Wednesday, February 23rd. The shares were sold at an average price of $17.04, for a total value of $27,928.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Marc E. Hathhorn sold 18,335 shares of the firm’s stock in a transaction that occurred on Tuesday, April 26th. The stock was sold at an average price of $25.26, for a total transaction of $463,142.10. Following the sale, the insider now owns 61,943 shares in the company, valued at approximately $1,564,680.18. The disclosure for this sale can be found here. Insiders have sold 20,936 shares of company stock valued at $507,367 in the last quarter. 0.09% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in BTU. Fifth Third Bancorp purchased a new position in Peabody Energy in the 1st quarter worth approximately $34,000. Larson Financial Group LLC raised its position in shares of Peabody Energy by 69.7% during the fourth quarter. Larson Financial Group LLC now owns 3,564 shares of the coal producer’s stock valued at $36,000 after buying an additional 1,464 shares during the last quarter. Credit Agricole S A bought a new stake in shares of Peabody Energy during the fourth quarter valued at approximately $58,000. Nisa Investment Advisors LLC bought a new stake in shares of Peabody Energy during the first quarter valued at approximately $58,000. Finally, Captrust Financial Advisors increased its position in Peabody Energy by 399.5% in the third quarter. Captrust Financial Advisors now owns 4,406 shares of the coal producer’s stock worth $65,000 after purchasing an additional 3,524 shares during the last quarter. Hedge funds and other institutional investors own 69.62% of the company’s stock.

About Peabody Energy (Get Rating)

Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, India, Indonesia, China, Vietnam, South Korea, and internationally. The company operates through Seaborne Thermal Mining, Seaborne Metallurgical Mining, Powder River Basin Mining, and Other U.S.

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