Peabody Energy Corporation (BTU) – What Are Brokerages Thinking About This Stock?

Peabody Energy Corporation (NYSE:BTU) has received a consensus rating of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $34.12.

Several analysts recently issued reports on BTU shares. UBS Group decreased their price objective on shares of Peabody Energy from $27.00 to $26.50 and set a “neutral” rating for the company in a report on Tuesday, August 4th. Benchmark lowered their target price on Peabody Energy from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. B. Riley Financial upgraded shares of Peabody Energy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $29.00 to $30.00 in a research report on Monday, October 26th. Zacks Research downgraded Peabody Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 27th. Finally, Weiss Ratings upgraded shares of Peabody Energy from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, October 2nd.

Peabody Energy Price Performance

NYSE:BTU opened at $22.21 on Monday. The company has a quick ratio of 1.46, a current ratio of 2.01 and a debt-to-equity ratio of 0.10. The firm has a market cap of $2.71 billion, a P/E ratio of -14.81 and a beta of 0.33. Peabody Energy has a 52-week low of $20.06 and a 52-week high of $41.14. The business’s 50-day moving average price is $25.82 and its 200 day moving average price is $28.18.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BTU. Valued Wealth Advisors LLC purchased a new stake in shares of Peabody Energy during the 1st quarter worth approximately $25,000. Meeder Asset Management Inc. boosted its stake in shares of Peabody Energy by 1,513.7% in the 1st quarter. Meeder Asset Management Inc. now owns 1,178 shares of the coal producer’s stock valued at $39,000 after purchasing an additional 1,105 shares in the last quarter. Main Street Group LTD purchased a new stake in shares of Peabody Energy during the first quarter valued at approximately $50,000. Fortitude Family Office LLC raised its stake in shares of Peabody Energy by 286.3% during the third quarter. Fortitude Family Office LLC now owns 1,715 shares of the coal producer’s stock valued at $42,000 after acquiring an additional 1,271 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of Peabody Energy by 298.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,310 shares of the coal producer’s stock worth $81,000 after buying an additional 2,479 shares during the last quarter. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

Peabody Energy Company Profile

Peabody Energy Corp. is a global coal producer and supplier of energy and industrial fuels. The company mines, processes and markets thermal coal, which is primarily used for electricity generation, and metallurgical coal, which is used in steelmaking. Peabody also provides coal-trading and logistics services and works with customers to transport products to domestic and international markets.

Peabody operates mines in the United States and Australia, serving electric utilities, steel producers and other industrial customers.