The IBD SmartSelect Composite Rating for Peabody Energy stock increased from 93 to 98 Monday. The stock sports a 99 Relative Strength Rating.
The revised score means the stock currently tops 98% of all other stocks in terms of key performance metrics and technical strength.
Peabody Energy is currently trading in a consolidation, nearing a 29.96 entry. See if the stock can break out in heavy trade at least 40% above average.
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One weak spot is the company's 78 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
Peabody Sees Growth In the Last Two Qtrs
The coal producer posted 0% earnings-per-share growth for Q3. Sales growth climbed 98%, up from 83% in the prior quarter. The company has now posted increasing growth in each of the last two quarters.
Peabody Energy stock earns the No. 3 rank among its peers in the Energy-Coal industry group. Alpha Metallurgical Resources is the No. 1-ranked stock within the group.
