The shares of Peabody Energy Corporation (NYSE:BTU) has been pegged with a rating of Hold by Deutsche Bank in its latest research note that was published on March 20, 2020. The Basic Materials company has also assigned a $4 price target. Deutsche Bank wasn’t the only research firm that published a report of Peabody Energy Corporation, with other equities research analysts also giving their opinion on the stock. The stock had earned Neutral rating from B. Riley FBR Markets when it published its report on October 30, 2019. That day the B. Riley FBR set price target on the stock to $12. The stock was given Neutral rating by JP Morgan in its report released on August 19, 2019, the day when the price target on the stock was placed at 30. Jefferies was of a view that BTU is Hold in its latest report on August 06, 2019. Deutsche Bank thinks that BTU is worth Buy rating. This was contained in the firm’s report on April 01, 2019 in which the stock’s price target was also moved to 33.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 5 believe it has the potential for further growth, thus rating it as Hold while 2 advised investors to purchase the stock. The consensus currently stands at a Overweight while its average price target is $7.33. The price of the stock the last time has raised by 24.30% from its 52-Week high price while it is -89.78% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 36.78.
The shares of the company dipped by -5.17% during the trading session on Wednesday, reaching a low of $3.005 while ending the day at $3.12. During the trading session, a total of 2.02 million shares were traded which represents a 16.79% incline from the average session volume which is 2.43 million shares. BTU had ended its last session trading at $3.29. Peabody Energy Corporation debt-to-equity ratio currently stands at 0.50, while its quick ratio hovers at 1.30 BTU 52-week low price stands at $2.51 while its 52-week high price is $30.54.
The company in its last quarterly report recorded -$0.55 earnings per share which is above the predicted by most analysts. The Peabody Energy Corporation generated 732.2 million in revenue during the last quarter. In the second quarter last year, the firm recorded -$0.57 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 309.09%. Peabody Energy Corporation has the potential to record -2.67 EPS for the current fiscal year, according to equities analysts.
A look at its technical shows that NEA’s 50-day SMA is 14.25 while its 200-day SMA stands at 14.18. The stock has a high of $15.06 for the year while the low is $10.51. The company’s P/E ratio currently sits at 6.25, while the P/B ratio is 0.83. The company’s average trading volume currently stands at 853.77K shares, which means that the short-interest ratio is just 0.33 days. Over the past seven days, the company moved, with its shift of 14.87%. Looking further, the stock has dropped -9.73% over the past 90 days while it lost -9.41% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Karpus Management, Inc. sold more NEA shares, decreasing its portfolio by -16.31% during the last quarter. This move now sees The Karpus Management, Inc. selling -1,331,589 shares in the last quarter, thus it now holds 6,830,748 shares of NEA, with a total valuation of $100,207,073. Morgan Stanley Smith Barney LLC (… meanwhile bought more NEA shares in the recently filed quarter, changing its stake to $97,948,920 worth of shares.
Similarly, RiverNorth Capital Management LLC decreased its Nuveen AMT-Free Quality Municipal Income Fund shares by 6.78% during the recently filed quarter. After selling 5,605,557 shares in the last quarter, the firm now controls -407,509 shares of Nuveen AMT-Free Quality Municipal Income Fund which are valued at $82,233,521. In the same vein, Parametric Portfolio Associates L… decreased its Nuveen AMT-Free Quality Municipal Income Fund shares by during the most recent reported quarter. The firm bought 46,248 shares during the quarter which decreased its stakes to 4,366,364 shares and is now valued at $64,054,560.