Jefferies Maintains a 'Buy' on Peabody Energy (BTU); Long-Term Compelling, Near-Term Challenges
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Price: $20.21 +0.35%
Rating Summary:
9 Buy, 6 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
9 Buy, 6 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade BTU Now!
Jefferies maintains a 'Buy' on Peabody Energy (NYSE: BTU) price target of $40.00 (from $48.00).
Analyst, Peter Ward, said, "Peabody's headline EPS number of 73 cents beat Street estimates, but this was helped by a tax benefit. Coal companies benefit from depletion allowance and typically have positive tax variances. While long-term valuations look compelling, the coal sector continues to lack a short-term catalyst." (FY12 EPS estimate cut from $3.25 to $2.90)
For an analyst ratings summary and ratings history on Peabody Energy click here. For more ratings news on Peabody Energy click here.
Shares of Peabody Energy closed at $20.55 yesterday, with a 52 week range of $20.29-$61.22.
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Analyst, Peter Ward, said, "Peabody's headline EPS number of 73 cents beat Street estimates, but this was helped by a tax benefit. Coal companies benefit from depletion allowance and typically have positive tax variances. While long-term valuations look compelling, the coal sector continues to lack a short-term catalyst." (FY12 EPS estimate cut from $3.25 to $2.90)
For an analyst ratings summary and ratings history on Peabody Energy click here. For more ratings news on Peabody Energy click here.
Shares of Peabody Energy closed at $20.55 yesterday, with a 52 week range of $20.29-$61.22.
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