Peabody Energy Co. (NYSE:BTU) Receives $37.00 Average Target Price from Brokerages

Peabody Energy Co. (NYSE:BTU) has been given an average recommendation of “Hold” by the ten research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $37.00.

Several equities analysts have commented on the company. Zacks Investment Research downgraded Peabody Energy from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. BMO Capital Markets assumed coverage on Peabody Energy in a research report on Wednesday, March 20th. They issued a “market perform” rating and a $34.00 price objective on the stock. MKM Partners cut their price objective on Peabody Energy from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, April 10th. Deutsche Bank assumed coverage on Peabody Energy in a research report on Sunday, March 31st. They issued a “buy” rating and a $33.00 price objective on the stock. Finally, Credit Suisse Group assumed coverage on Peabody Energy in a research report on Wednesday, March 20th. They issued an “outperform” rating and a $42.00 price objective on the stock.

Shares of Peabody Energy stock opened at $22.08 on Tuesday. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 7.01 and a beta of 0.89. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.52 and a current ratio of 1.77. Peabody Energy has a 52 week low of $22.19 and a 52 week high of $47.52.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings data on Wednesday, May 1st. The coal producer reported $1.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.65. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.24 billion. Peabody Energy had a return on equity of 12.55% and a net margin of 10.61%. Peabody Energy’s quarterly revenue was down 14.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.83 EPS. On average, equities analysts expect that Peabody Energy will post 2.87 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 22nd were given a dividend of $0.14 per share. This is an increase from Peabody Energy’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.54%. Peabody Energy’s dividend payout ratio is presently 17.78%.

In other news, insider George John Schuller, Jr. sold 16,971 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of $27.98, for a total transaction of $474,848.58. Following the transaction, the insider now owns 45,164 shares of the company’s stock, valued at approximately $1,263,688.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Charles F. Meintjes sold 35,779 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $23.68, for a total value of $847,246.72. Following the transaction, the executive vice president now directly owns 123,398 shares in the company, valued at approximately $2,922,064.64. The disclosure for this sale can be found here. Insiders have sold a total of 86,759 shares of company stock worth $2,273,315 in the last three months. Corporate insiders own 0.75% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. lifted its stake in shares of Peabody Energy by 9.4% during the 4th quarter. Advisors Asset Management Inc. now owns 7,282 shares of the coal producer’s stock worth $222,000 after purchasing an additional 627 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Peabody Energy by 40.4% during the 4th quarter. Rhumbline Advisers now owns 113,443 shares of the coal producer’s stock worth $3,458,000 after purchasing an additional 32,627 shares during the last quarter. Cigna Investments Inc. New lifted its stake in shares of Peabody Energy by 56.1% during the 4th quarter. Cigna Investments Inc. New now owns 13,191 shares of the coal producer’s stock worth $402,000 after purchasing an additional 4,743 shares during the last quarter. Smith Asset Management Group LP purchased a new stake in shares of Peabody Energy during the 4th quarter worth $33,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Peabody Energy during the 4th quarter worth $5,495,000.

Peabody Energy Company Profile

Peabody Energy Corp. engages in the business of coal mining. It operates through the following segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Seaborne Metallurgical Mining, Seaborne Thermal Mining, and Corporate and Other. The Powder River Basin Mining segment consists of its mines in Wyoming.

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Analyst Recommendations for Peabody Energy (NYSE:BTU)

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