Shares of Arch Coal, Inc. Class A (NASDAQ:ARCH) have been assigned a consensus rating of “Buy” from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $94.17.

A number of analysts have recently issued reports on ARCH shares. Clarkson Capital reaffirmed a “buy” rating on shares of Arch Coal, Inc. Class A in a research report on Thursday, July 27th. Stifel Nicolaus reaffirmed a “buy” rating and set a $92.00 target price on shares of Arch Coal, Inc. Class A in a research report on Friday, June 23rd. MKM Partners reaffirmed a “buy” rating and set a $104.00 target price on shares of Arch Coal, Inc. Class A in a research report on Tuesday. Jefferies Group LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of Arch Coal, Inc. Class A in a research report on Friday, July 7th. Finally, J P Morgan Chase & Co raised Arch Coal, Inc. Class A from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $80.00 to $90.00 in a research report on Thursday, August 31st.

Institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Arch Coal, Inc. Class A in the second quarter valued at about $104,000. Royal Bank of Canada increased its holdings in Arch Coal, Inc. Class A by 140.6% in the second quarter. Royal Bank of Canada now owns 1,655 shares of the energy company’s stock valued at $113,000 after buying an additional 967 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in Arch Coal, Inc. Class A in the second quarter valued at about $131,000. Great West Life Assurance Co. Can bought a new stake in Arch Coal, Inc. Class A in the second quarter valued at about $164,000. Finally, FNY Partners Fund LP increased its holdings in Arch Coal, Inc. Class A by 150.0% in the first quarter. FNY Partners Fund LP now owns 2,500 shares of the energy company’s stock valued at $172,000 after buying an additional 1,500 shares during the last quarter.

TRADEMARK VIOLATION WARNING: This report was first posted by American Banking News and is the property of of American Banking News. If you are reading this report on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The original version of this report can be read at https://www.americanbankingnews.com/2017/09/16/arch-coal-inc-class-a-arch-given-average-recommendation-of-buy-by-analysts.html.

Arch Coal, Inc. Class A (ARCH) opened at 75.30 on Friday. The stock has a market cap of $1.83 billion and a P/E ratio of 1.05. Arch Coal, Inc. Class A has a 12-month low of $0.04 and a 12-month high of $86.47. The stock has a 50 day moving average price of $75.76 and a 200-day moving average price of $74.29.

Arch Coal, Inc. Class A (NASDAQ:ARCH) last announced its earnings results on Thursday, July 27th. The energy company reported $1.85 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.92 by ($0.07). The firm had revenue of $549.87 million during the quarter, compared to analyst estimates of $596.76 million. The business’s revenue for the quarter was up 30.8% compared to the same quarter last year. On average, equities analysts expect that Arch Coal, Inc. Class A will post $9.04 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were issued a $0.35 dividend. This is a positive change from Arch Coal, Inc. Class A’s previous quarterly dividend of $0.03. This represents a $1.40 annualized dividend and a yield of 1.86%. The ex-dividend date was Tuesday, August 29th.

About Arch Coal, Inc. Class A

Arch Coal, Inc is a coal producer. The Company is engaged in the production of thermal and metallurgical coal from surface and underground mines located throughout the United States, for sale to utility, industrial and steel producers both in the United States and around the world. The Company operates mining complexes in West Virginia, Kentucky, Maryland, Virginia, Illinois, Wyoming and Colorado.

Analyst Recommendations for Arch Coal, Inc. Class A (NASDAQ:ARCH)

Receive News & Ratings for Arch Coal Inc. Class A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Coal Inc. Class A and related companies with MarketBeat.com's FREE daily email newsletter.