Internacional

Peabody Energy Corporation (NYSE:BTU) Price Target Raised to $32.00

Peabody Energy Corporation (NYSE:BTU) Price Target Raised to $32.00

Seaport Global Securities now has a "Buy" rating and a $31.00 target price on the stock.

Peabody Energy Corporation (NYSE:BTU) last announced its quarterly earnings data on Tuesday, August 1st. Next quarter's EPS is estimated at $0.91 and the next full year EPS is anticipated to be $2.22. The business had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.25 billion. The firm's quarterly revenue was up 21.0% compared to the same quarter past year.

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02/16/2016 - Peabody Energy Corporation was downgraded to " by analysts at BB&T Capital Markets.

A number of research analysts recently commented on BTU shares. Stifel Nicolaus reduced their price objective on shares of Peabody Energy Corporation from $29.00 to $27.00 and set a "hold" rating for the company in a research report on Friday, May 19th. Finally, J P Morgan Chase & Co reiterated an "overweight" rating and issued a $35.00 price objective on shares of Peabody Energy Corporation in a report on Wednesday, April 26th. Peabody Energy Corporation's revenue was up 21.0% compared to the same quarter previous year. They issued a "hold" rating and a $29.00 target price for the company.

Peabody Energy Corporation (NYSE:BTU) was upgraded by Zacks Investment Research from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Wednesday, July 26th. Clarkson Capital reiterated a "buy" rating on shares of Peabody Energy Corporation in a research note on Thursday, June 22nd.

On February 17 the company was downgraded to "Neutral" from "Buy" by Sterne Agee CRT. They now have a Dollars 35 price target on the stock. They now have a Dollars 2 price target on the stock. Peabody Energy Corporation has a 12 month low of $22.58 and a 12 month high of $32.50. The stock has a 50-day moving average of $25.76 and a 200 day moving average of $25.25.

Hedge funds and other institutional investors have recently modified their holdings of the stock.

11/20/2015 - Peabody Energy Corporation was downgraded to " by analysts at UBS. Vanguard Group Inc. bought a new stake in Peabody Energy Corporation during the second quarter worth $142,007,000. JB Investments Management LLC bought a new position in Peabody Energy Corporation during the second quarter worth $37,940,000.

News articles about Peabody Energy Corporation (NYSE:BTU) have trended somewhat positive on Saturday, according to Accern. Finally, Rhumbline Advisers bought a new stake in Peabody Energy Corporation during the second quarter worth about $1,461,000. Current price places the company's stock 12.89% away from its 200-day simple moving average, 12.41%, away from the 50-day average and also 4.25% away from 20-day average. Following the completion of the purchase, the insider now directly owns 689,410 shares in the company, valued at approximately $16,194,240.90. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Associates L.P. Elliott acquired 9,428 shares of the stock in a transaction on Thursday, May 25th. The stock had a trading volume of 905,625 shares. The disclosure for this purchase can be found here. Also, insider Glenn L. Kellow acquired 8,520 shares of the stock in a transaction on Monday, May 22nd. FBR & Co's target price suggests a potential upside of 13.27% from the company's previous close.

Peabody Energy Corporation, launched on February 27, 1998, is a coal company.