Peabody Energy Corporation Comm (BTU) Receives a Buy from B.Riley FBR


B.Riley FBR analyst Lucas Pipes maintained a Buy rating on Peabody Energy Corporation Comm (BTU) today and set a price target of $26.00. The company’s shares closed last Monday at $15.98, close to its 52-week low of $13.89.

According to TipRanks.com, Pipes is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -5.9% and a 40.4% 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.

Peabody Energy Corporation Comm has an analyst consensus of Moderate Buy, with a price target consensus of $23.50.

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 $37.1 million. In comparison, last year the company earned revenue of $1.39 billion and had a net profit of $71.5 million.

Based on the recent corporate insider activity of 104 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.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts