In a report issued on August 22, Lucas Pipes from B.Riley FBR reiterated a Buy rating on Peabody Energy Corporation Comm (BTU), with a price target of $29. The company’s shares closed last Monday at $17.51, close to its 52-week low of $17.10.
According to TipRanks.com, Pipes is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -5.2% and a 39.7% success rate. Pipes covers the Basic Materials sector, focusing on stocks such as Novagold Resources Inc New, Covia Holdings Corporation, 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 $28 average price target.
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Based on Peabody Energy Corporation Comm’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $37.1 million. In comparison, last year the company had a net profit of $114 million.
Based on the recent corporate insider activity of 86 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BTU in relation to earlier this year.
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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, Seaborne Metallurgical Mining, Seaborne Thermal Mining, and Corporate and Other. The Powder River Basin Mining segment consists of its mines in Wyoming.
