Clarkson Capital Downgrades Arch Coal to Underperform (ACI)
Arch Coal (NYSE:ACI) was downgraded by research analysts at Clarkson Capital from a “market perform” rating to an “underperform” rating in a report released on Thursday, StockRatingsNetwork reports. They currently have a $2.50 target price on the stock. Clarkson Capital’s target price would indicate a potential downside of 40.76% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Sterne Agee reiterated a “buy” rating on shares of Arch Coal in a research note to investors on Wednesday, December 18th. They now have a $7.00 price target on the stock, up previously from $4.08. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Arch Coal in a research note to investors on Friday, December 13th. They now have a $4.25 price target on the stock. Finally, analysts at Macquarie reiterated a “neutral” rating on shares of Arch Coal in a research note to investors on Tuesday, November 26th. They now have a $4.90 price target on the stock, up previously from $4.50. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $5.20.
Shares of Arch Coal (NYSE:ACI) opened at 4.22 on Thursday. Arch Coal has a 52 week low of $3.47 and a 52 week high of $7.75. The stock’s 50-day moving average is $4.31 and its 200-day moving average is $4.28. The company’s market cap is $895.8 million.
Arch Coal (NYSE:ACI) last issued its quarterly earnings data on Tuesday, October 29th. The company reported ($0.01) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.32) by $0.31. The company had revenue of $791.30 million for the quarter, compared to the consensus estimate of $888.79 million. During the same quarter last year, the company posted $0.20 earnings per share. Arch Coal’s revenue was down 18.9% compared to the same quarter last year. Analysts expect that Arch Coal will post $-1.29 EPS for the current fiscal year.
Arch Coal, Inc (NYSE:ACI)is the coal producer.
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