MKM Partners reissued their buy rating on shares of Peabody Energy Corporation (NYSE:BTU) in a research report released on Thursday. The brokerage currently has a $38.00 price objective on the coal producer’s stock, up from their previous price objective of $32.00.

A number of other equities analysts also recently issued reports on BTU. Stifel Nicolaus reiterated a hold rating and set a $32.00 price target (up previously from $30.00) on shares of Peabody Energy Corporation in a research note on Tuesday, August 8th. Zacks Investment Research raised shares of Peabody Energy Corporation from a sell rating to a hold rating in a research report on Wednesday, July 26th. Clarkson Capital reissued a buy rating on shares of Peabody Energy Corporation in a research report on Thursday, June 22nd. FBR & Co reissued a buy rating on shares of Peabody Energy Corporation in a research report on Sunday, May 7th. Finally, J P Morgan Chase & Co reissued an overweight rating and set a $35.00 target price on shares of Peabody Energy Corporation in a research report on Wednesday, April 26th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of Buy and an average target price of $33.43.

Peabody Energy Corporation (NYSE BTU) opened at 27.88 on Thursday. The stock’s 50 day moving average price is $27.66 and its 200-day moving average price is $25.51. The firm’s market cap is $2.80 billion. Peabody Energy Corporation has a one year low of $8.75 and a one year high of $32.50.

Peabody Energy Corporation (NYSE:BTU) last released its quarterly earnings results on Tuesday, August 1st. The coal producer reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by $1.07. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.25 billion. Peabody Energy Corporation’s quarterly revenue was up 21.0% on a year-over-year basis. Analysts forecast that Peabody Energy Corporation will post $5.56 earnings per share for the current year.

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In related news, major shareholder Discovery Capital Management, sold 12,800,000 shares of Peabody Energy Corporation stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $27.10, for a total value of $346,880,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Associates L.P. Elliott purchased 24,045 shares of the stock in a transaction that occurred on Friday, June 2nd. The stock was bought at an average cost of $23.49 per share, for a total transaction of $564,817.05. The disclosure for this purchase can be found here. 1.27% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. bought a new stake in Peabody Energy Corporation during the second quarter worth approximately $105,000. FNY Partners Fund LP bought a new stake in Peabody Energy Corporation during the second quarter worth approximately $146,000. BNP Paribas Arbitrage SA bought a new stake in Peabody Energy Corporation during the second quarter worth approximately $162,000. Pacific Heights Asset Management LLC bought a new stake in Peabody Energy Corporation during the second quarter worth approximately $295,000. Finally, Martingale Asset Management L P bought a new stake in Peabody Energy Corporation during the second quarter worth approximately $301,000. 1.91% of the stock is currently owned by institutional investors.

About Peabody Energy Corporation

Peabody Energy Corporation is a coal company. The Company’s segments include Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, Trading and Brokerage, and Corporate and Other. Its Powder River Basin Mining operations consist of its mines in Wyoming.

Analyst Recommendations for Peabody Energy Corporation (NYSE:BTU)

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