Arch Coal, Inc. Class A (NASDAQ:ARCH)‘s stock had its “buy” rating reissued by equities researchers at Jefferies Group LLC in a research note issued on Thursday.

Several other analysts also recently commented on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $92.00 price objective on shares of Arch Coal, Inc. Class A in a report on Friday, June 23rd. Seaport Global Securities reaffirmed a “buy” rating on shares of Arch Coal, Inc. Class A in a report on Thursday, July 27th. J P Morgan Chase & Co raised shares of Arch Coal, Inc. Class A from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $80.00 to $90.00 in a report on Thursday, August 31st. MKM Partners reaffirmed a “buy” rating and issued a $98.00 price objective (up from $93.00) on shares of Arch Coal, Inc. Class A in a report on Thursday, August 24th. Finally, Macquarie initiated coverage on shares of Arch Coal, Inc. Class A in a research note on Thursday, September 7th. They issued a “neutral” rating and a $84.00 target price for the company. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Arch Coal, Inc. Class A currently has an average rating of “Buy” and a consensus price target of $92.38.

Arch Coal, Inc. Class A (ARCH) traded down 1.84% on Thursday, reaching $71.55. 395,693 shares of the company’s stock traded hands. 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 $75.08 and a 200 day moving average price of $75.08. The stock has a market cap of $1.74 billion and a price-to-earnings ratio of 1.00.

Arch Coal, Inc. Class A (NASDAQ:ARCH) last released its quarterly earnings data on Thursday, July 27th. The energy company reported $1.85 EPS for the quarter, missing the consensus estimate of $1.92 by ($0.07). The firm had revenue of $549.87 million for the quarter, compared to analyst estimates of $596.76 million. The company’s quarterly revenue was up 30.8% compared to the same quarter last year. Analysts forecast that Arch Coal, Inc. Class A will post $9.04 EPS for the current year.

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Institutional investors and hedge funds have recently bought and sold shares of the stock. OppenheimerFunds Inc. acquired a new position in Arch Coal, Inc. Class A during the first quarter worth $227,270,000. Leucadia National Corp acquired a new position in Arch Coal, Inc. Class A during the second quarter worth $526,000. BlueCrest Capital Management Ltd acquired a new position in Arch Coal, Inc. Class A during the first quarter worth $4,286,000. Bank of New York Mellon Corp raised its position in Arch Coal, Inc. Class A by 2.3% during the second quarter. Bank of New York Mellon Corp now owns 995,469 shares of the energy company’s stock worth $67,989,000 after acquiring an additional 22,752 shares during the period. Finally, Vanguard Group Inc. raised its position in Arch Coal, Inc. Class A by 6.1% during the first quarter. Vanguard Group Inc. now owns 1,629,260 shares of the energy company’s stock worth $112,321,000 after acquiring an additional 94,240 shares during the period.

Arch Coal, Inc. Class A Company Profile

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)

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