Goldman Sachs Downgrades Peabody Energy to Neutral (BTU)

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Peabody Energy (NYSE:BTU) was downgraded by research analysts at Goldman Sachs from a “buy” rating to a “neutral” rating in a report released on Friday.

Shares of Peabody Energy (NYSE:BTU) opened at 16.58 on Friday. Peabody Energy has a 1-year low of $14.34 and a 1-year high of $21.28. The stock’s 50-day moving average is $17.86 and its 200-day moving average is $17.5. The company’s market cap is $4.498 billion.

Peabody Energy (NYSE:BTU) last issued its quarterly earnings data on Thursday, April 24th. The company reported ($0.19) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.01) by $0.18. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter last year, the company posted ($0.05) earnings per share. Peabody Energy’s revenue was down 6.9% compared to the same quarter last year. Analysts expect that Peabody Energy will post $-0.69 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, June 12th. Shareholders of record on Thursday, May 22nd will be given a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Tuesday, May 20th.

BTU has been the subject of a number of other recent research reports. Analysts at Jefferies Group cut their price target on shares of Peabody Energy from $21.00 to $20.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Morgan Stanley upgraded shares of Peabody Energy from an “equal weight” rating to an “overweight” rating in a research note on Monday, May 12th. They now have a $30.00 price target on the stock, up previously from $20.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Peabody Energy in a research note on Friday, May 9th. They now have a $19.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $22.54.

Peabody Energy Corporation (NYSE:BTU) is a private-sector coal company.

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