Peabody Energy Stock May Soon Pop
The volatile shares of Peabody Energy Corporation (NYSE:BTU) may have more room to bounce in the near future, as the stock was recently listed as one of Motley Fool's four star-ranked companies with strong projections.
About 96 percent of the 2,077 members who rated Peabody on Motley Fool say the stock will continue to outperform the S&P 500 going forward.
"[Peabody] is best of breed coal, with Australian operations that will likely cater to Asia's coal needs, while sporting a healthy balance sheet relative to its competitors which will help it ride out the storm while paying a 1.4% dividend that is safe," said one respondent.
However, on Monday, Citigroup lowered its price target on shares of Peabody to $40.00. The analysts wrote in a note that the lower target price, which fell from $45.00, came after adjusting for a new model on coal price forecasts, according to Daily Political.
Several analysts have been following Peabody recently, with Nomura and Zacks both keeping their "neutral" rating of the stock.
Investors should keep an eye out for insider trades from Peabody officials, which could indicate the potential direction of the stock.
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