Arch Coal Receives “Neutral” Rating from Zacks (ACI)
Arch Coal (NYSE:ACI)‘s stock had its “neutral” rating restated by Zacks in a research note issued on Thursday, StockRatingsNetwork.com reports. They currently have a $4.75 price target on the stock. Zacks‘ target price indicates a potential upside of 4.86% from the stock’s previous close.
Shares of Arch Coal (NYSE:ACI) traded down 1.52% on Thursday, hitting $4.53. 8,929,028 shares of the company’s stock traded hands. Arch Coal has a one year low of $3.47 and a one year high of $8.86. The stock has a 50-day moving average of $4. and a 200-day moving average of $4.68. The company’s market cap is $961.4 million.
Arch Coal (NYSE:ACI) last issued its quarterly earnings data on Tuesday, July 30th. The company reported ($0.29) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.33) by $0.04. The company had revenue of $768.30 million for the quarter, compared to the consensus estimate of $923.40 million. During the same quarter in the prior year, the company posted ($0.10) earnings per share. The company’s quarterly revenue was down 20.6% on a year-over-year basis. Analysts expect that Arch Coal will post $-1.27 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Macquarie initiated coverage on shares of Arch Coal (NYSE:ACI) in a research note to investors on Friday, September 6th. They set a “neutral” rating on the stock. Separately, analysts at FBR Capital Markets initiated coverage on shares of Arch Coal (NYSE:ACI) in a research note to investors on Wednesday, August 28th. They set an “outperform” rating and a $6.00 price target on the stock. Finally, analysts at Deutsche Bank downgraded shares of Arch Coal (NYSE:ACI) from a “buy” rating to a “hold” rating in a research note to investors on Friday, August 23rd. They now have a $6.50 price target on the stock, up previously from $5.00. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $5.52.
Arch Coal, Inc (NYSE:ACI)is the coal producer.
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