Jefferies Reaffirms Their Buy Rating on Peabody Energy Comm (BTU)

In a report released yesterday, Chris LaFemina from Jefferies reiterated a Buy rating on Peabody Energy Comm (BTUResearch Report), with a price target of $33.00. The company’s shares closed yesterday at $29.85.

According to TipRanks, LaFemina is a 4-star analyst with an average return of 5.8% and a 51.85% success rate. LaFemina covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals, Anglo American, and Freeport-McMoRan.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Peabody Energy Comm with a $34.33 average price target.

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Based on Peabody Energy Comm’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.34 billion and a net profit of $375.1 million. In comparison, last year the company earned a revenue of $679 million and had a GAAP net loss of $44.2 million

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling 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. The Midwestern U.S. Mining segment includes Illinois and Indiana mining operations. The Western U.S. Mining segment reflects the aggregation of its New Mexico, Arizona, and Colorado mining operations. The Seaborne Metallurgical Mining segment covers mines in Queensland, Australia. The Seaborne Thermal Mining segment handles operations in New South Wales, Australia. The Corporate and Other segment includes selling and administrative expenses, results from equity affiliates, corporate hedging activities, and trading and brokerage activities. The company was founded by Francis S. Peabody in 1883 and is headquartered in St. Louis, MO.

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