In a report released yesterday, Lucas Pipes from B.Riley FBR reiterated a Buy rating on Peabody Energy Corporation Comm (NYSE: BTU), with a price target of $54. The company’s shares closed yesterday at $42.12.
According to TipRanks.com, Pipes is a 4-star analyst with an average return of 7.4% and a 61.5% success rate. Pipes covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, Novagold Resources Inc New, and CONSOL Coal Resources LP.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Peabody Energy Corporation Comm with a $54 average price target.
See today’s analyst top recommended stocks >>
Based on Peabody Energy Corporation Comm’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $114 million. In comparison, last year the company had a GAAP net loss of $237 million.
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, 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.
