In a report released today, Lucas Pipes from B.Riley FBR maintained a Buy rating on Peabody Energy Corporation Comm (BTU), with a price target of $42. The company’s shares opened today at $34.65.
According to TipRanks.com, Pipes is a 4-star analyst with an average return of 2.9% and a 52.8% success rate. Pipes covers the Basic Materials sector, focusing on stocks such as Novagold Resources Inc New, Teck Resources Limited, and Cleveland-Cliffs Inc.
Currently, the analyst consensus on Peabody Energy Corporation Comm is a Moderate Buy with an average price target of $43.25.
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Based on Peabody Energy Corporation Comm’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.39 billion and net profit of $71.5 million. In comparison, last year the company had a net profit of $174 million.
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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, Australian Metallurgical Mining, Australian Thermal Mining, and Trading & Brokerage. The Powder River Basin Mining segment operations consist of its mines in Wyoming. The Midwestern U.
