In a report released today, Lucas Pipes from B.Riley FBR reiterated a Buy rating on Peabody Energy Corporation Comm (BTU), with a price target of $36. The company’s shares closed yesterday at $27.16, close to its 52-week low of $26.88.
Pipes observed:
“Corporation (BTU) reported 1Q19 earnings of $254M in adjusted EBITDA versus consensus of $233M and our estimate of $274M. However, we would note BTU’s EBITDA includes approximately $33M in insurance proceeds related to North Goonyella which was not included in our estimates. While news of the insurance proceeds are welcome, management noted that its original mine plan for re-entry has been delayed by several weeks as the company waits for approval from the Queensland Mines Inspectorate. If there are no further delays, Peabody would expect North Goonyella’s production in 2020 to be 2M tons. For its full-year 2019 guidance, BTU increased the lower end of its volume expectations for seaborne thermal coal to 12.0M-12.5M.”
According to TipRanks.com, Pipes is a 3-star analyst with an average return of 0.8% and a 47.8% success rate. Pipes covers the Basic Materials sector, focusing on stocks such as Covia Holdings Corporation, CONSOL Coal Resources LP, and Teck Resources Limited.
Currently, the analyst consensus on Peabody Energy Corporation Comm is a Strong Buy with an average price target of $38.33.
See today’s analyst top recommended stocks >>
Peabody Energy Corporation Comm’s market cap is currently $3B and has a P/E ratio of 6.04. The company has a Price to Book ratio of 0.88.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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, Seaborne Metallurgical Mining, Seaborne Thermal Mining, and Corporate and Other. The Powder River Basin Mining segment consists of its mines in Wyoming.
