B. Riley Increases Peabody Energy (NYSE:BTU) Price Target to $34.00

Peabody Energy (NYSE:BTU) had its target price lifted by analysts at B. Riley from $32.00 to $34.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the coal producer’s stock. B. Riley’s price target points to a potential upside of 50.24% from the company’s previous close.

Peabody Energy Stock Performance

NYSE BTU opened at $22.63 on Tuesday. The firm has a market capitalization of $2.88 billion, a P/E ratio of 6.30 and a beta of 0.95. Peabody Energy has a 1-year low of $20.21 and a 1-year high of $27.24. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.49 and a quick ratio of 1.92. The business’s 50-day simple moving average is $22.41 and its 200-day simple moving average is $23.11.

Peabody Energy (NYSE:BTU) last released its quarterly earnings data on Thursday, August 1st. The coal producer reported $1.43 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.90. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1 billion. Peabody Energy had a return on equity of 15.35% and a net margin of 12.69%. Equities analysts predict that Peabody Energy will post 3.11 EPS for the current year.

Institutional Investors Weigh In On Peabody Energy

Hedge funds have recently modified their holdings of the stock. GSA Capital Partners LLP raised its holdings in shares of Peabody Energy by 32.3% during the 4th quarter. GSA Capital Partners LLP now owns 134,193 shares of the coal producer’s stock valued at $3,264,000 after buying an additional 32,775 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Peabody Energy by 552.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 166,651 shares of the coal producer’s stock valued at $4,043,000 after buying an additional 141,118 shares during the period. SG Americas Securities LLC raised its holdings in shares of Peabody Energy by 227.0% during the 1st quarter. SG Americas Securities LLC now owns 33,699 shares of the coal producer’s stock valued at $818,000 after buying an additional 23,393 shares during the period. Vanguard Group Inc. raised its holdings in shares of Peabody Energy by 21.5% during the 1st quarter. Vanguard Group Inc. now owns 13,957,602 shares of the coal producer’s stock valued at $338,611,000 after buying an additional 2,473,286 shares during the period. Finally, Nomura Holdings Inc. purchased a new stake in Peabody Energy during the 4th quarter worth approximately $5,208,000. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

Peabody Energy Company Profile

Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, India, Brazil, Belgium, Chile, France, Indonesia, China, Vietnam, South Korea, Germany, and internationally. The company operates through Seaborne Thermal, Seaborne Metallurgical, Powder River Basin, Other U.S.