BMO Capital Markets Increases Peabody Energy (NYSE:BTU) Price Target to $26.00

Peabody Energy (NYSE:BTU) had its target price upped by equities research analysts at BMO Capital Markets from $25.00 to $26.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “market perform” rating on the coal producer’s stock. BMO Capital Markets’ target price suggests a potential downside of 4.09% from the company’s previous close.

Separately, B. Riley increased their price objective on shares of Peabody Energy from $32.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, September 17th.

Peabody Energy Price Performance

Shares of Peabody Energy stock opened at $27.11 on Thursday. The firm has a market cap of $3.41 billion, a PE ratio of 7.02 and a beta of 0.96. The business has a 50-day moving average price of $23.41 and a 200 day moving average price of $23.18. The company has a quick ratio of 1.92, a current ratio of 2.49 and a debt-to-equity ratio of 0.09. Peabody Energy has a twelve month low of $20.21 and a twelve month high of $27.24.

Peabody Energy (NYSE:BTU) last announced its earnings results on Thursday, August 1st. The coal producer reported $1.43 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.90. Peabody Energy had a return on equity of 15.35% and a net margin of 12.69%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1 billion. Sell-side analysts predict that Peabody Energy will post 2.98 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in Peabody Energy by 11,390.0% in the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the coal producer’s stock valued at $28,000 after acquiring an additional 1,139 shares during the last quarter. Natixis lifted its position in Peabody Energy by 8,355.0% during the first quarter. Natixis now owns 1,691 shares of the coal producer’s stock worth $41,000 after buying an additional 1,671 shares in the last quarter. Altshuler Shaham Ltd acquired a new position in Peabody Energy during the second quarter worth $44,000. GAMMA Investing LLC grew its holdings in Peabody Energy by 292.6% in the 3rd quarter. GAMMA Investing LLC now owns 2,057 shares of the coal producer’s stock valued at $55,000 after buying an additional 1,533 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Peabody Energy in the 2nd quarter valued at $78,000. 87.44% of the stock is owned by institutional investors and hedge funds.

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.