Q4 2016 Earnings Forecast for Arch Coal (ARCH) Issued By FBR & Co
Arch Coal (NASDAQ:ARCH) – Investment analysts at FBR & Co upped their Q4 2016 EPS estimates for Arch Coal in a research report issued on Thursday. FBR & Co analyst L. Pipes now forecasts that the brokerage will post earnings of $0.57 per share for the quarter, up from their prior estimate of ($0.35). FBR & Co has a “Outperform” rating and a $71.00 price objective on the stock. FBR & Co also issued estimates for Arch Coal’s FY2017 earnings at $0.80 EPS and FY2018 earnings at $0.85 EPS.
Separately, Stifel Nicolaus assumed coverage on Arch Coal in a research report on Monday, October 10th. They set a “buy” rating and a $81.00 target price on the stock.
Arch Coal (NASDAQ:ARCH) opened at 67.14 on Monday. The stock has a 50 day moving average price of $15.10 and a 200-day moving average price of $4.07. Arch Coal has a 12-month low of $0.04 and a 12-month high of $70.00.
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