Peabody Energy (NYSE:BTU) Price Target Lowered to $26.00 at Jefferies Financial Group

Peabody Energy (NYSE:BTU) had its price target decreased by investment analysts at Jefferies Financial Group from $30.00 to $26.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the coal producer’s stock. Jefferies Financial Group’s target price would suggest a potential upside of 34.58% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Benchmark boosted their price objective on Peabody Energy from $28.00 to $30.00 and gave the company a “buy” rating in a report on Friday, November 1st. BMO Capital Markets raised shares of Peabody Energy from a “market perform” rating to an “outperform” rating and set a $26.00 target price for the company in a research note on Monday, December 16th. Finally, B. Riley raised their price target on shares of Peabody Energy from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, September 17th.

Peabody Energy Trading Down 0.9 %

BTU stock opened at $19.32 on Monday. The firm’s fifty day simple moving average is $23.89 and its two-hundred day simple moving average is $23.54. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 5.11 and a beta of 0.99. The company has a quick ratio of 1.75, a current ratio of 2.32 and a debt-to-equity ratio of 0.09. Peabody Energy has a twelve month low of $19.10 and a twelve month high of $29.94.

Peabody Energy (NYSE:BTU) last issued its quarterly earnings results on Thursday, October 31st. The coal producer reported $0.74 EPS for the quarter, beating the consensus estimate of $0.58 by $0.16. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. Peabody Energy had a net margin of 12.24% and a return on equity of 14.74%. The firm’s revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.80 EPS. As a group, analysts anticipate that Peabody Energy will post 3.15 earnings per share for the current year.

Insider Activity at Peabody Energy

In other news, CFO Mark Spurbeck sold 10,000 shares of Peabody Energy stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $29.52, for a total value of $295,200.00. Following the transaction, the chief financial officer now directly owns 65,710 shares in the company, valued at approximately $1,939,759.20. This trade represents a 13.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Peabody Energy

Institutional investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. boosted its holdings in shares of Peabody Energy by 79.2% in the 3rd quarter. Franklin Resources Inc. now owns 175,424 shares of the coal producer’s stock valued at $4,693,000 after buying an additional 77,525 shares in the last quarter. Zacks Investment Management purchased a new stake in Peabody Energy during the third quarter valued at approximately $1,714,000. Geode Capital Management LLC boosted its stake in Peabody Energy by 8.0% in the third quarter. Geode Capital Management LLC now owns 2,918,536 shares of the coal producer’s stock valued at $77,473,000 after acquiring an additional 216,887 shares in the last quarter. State Street Corp boosted its stake in Peabody Energy by 7.6% in the third quarter. State Street Corp now owns 7,631,707 shares of the coal producer’s stock valued at $202,546,000 after acquiring an additional 540,219 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Peabody Energy by 167.4% in the third quarter. The Manufacturers Life Insurance Company now owns 200,073 shares of the coal producer’s stock worth $5,310,000 after purchasing an additional 125,244 shares during the last quarter. Institutional investors own 87.44% of the company’s stock.

Peabody Energy Company Profile

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