In a report issued on January 23, 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 closed on Friday at $35.44.
According to TipRanks.com, Pipes is a 1-star analyst with an average return of -0.8% and a 45.5% success rate. Pipes covers the Basic Materials sector, focusing on stocks such as Covia Holdings Corporation, Hallador Energy Company, and Teck Resources Limited.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Peabody Energy Corporation Comm with a $47.50 average price target, implying a 34.0% upside from current levels. In a report issued on January 16, Clarkson Capital also upgraded the stock to Buy.
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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 $283 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.
