Arch Coal, Inc. Class A (NASDAQ:ARCH) has been assigned an average recommendation of “Buy” from the nine brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $92.50.

Several research analysts recently weighed in on ARCH shares. Clarkson Capital restated a “buy” rating on shares of Arch Coal, Inc. Class A in a research note on Thursday, July 27th. Stifel Nicolaus restated a “buy” rating and set a $92.00 target price on shares of Arch Coal, Inc. Class A in a research note on Friday, June 23rd. MKM Partners restated a “buy” rating and set a $104.00 target price on shares of Arch Coal, Inc. Class A in a research note on Tuesday, September 12th. Jefferies Group LLC restated a “buy” rating and set a $90.00 target price on shares of Arch Coal, Inc. Class A in a research note on Friday, July 7th. Finally, FBR & Co restated a “buy” rating on shares of Arch Coal, Inc. Class A in a research note on Tuesday, September 19th.

A number of institutional investors have recently bought and sold shares of ARCH. BlackRock Inc. grew its stake in Arch Coal, Inc. Class A by 242.4% during the 2nd quarter. BlackRock Inc. now owns 1,415,537 shares of the energy company’s stock valued at $96,680,000 after purchasing an additional 1,002,176 shares during the last quarter. State Street Corp grew its stake in Arch Coal, Inc. Class A by 3,567.0% during the 1st quarter. State Street Corp now owns 660,065 shares of the energy company’s stock valued at $45,504,000 after purchasing an additional 642,065 shares during the last quarter. Davidson Kempner Capital Management LP grew its stake in Arch Coal, Inc. Class A by 51.2% during the 2nd quarter. Davidson Kempner Capital Management LP now owns 999,951 shares of the energy company’s stock valued at $68,297,000 after purchasing an additional 338,500 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Arch Coal, Inc. Class A by 11,912.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 228,241 shares of the energy company’s stock valued at $15,588,000 after purchasing an additional 226,341 shares during the last quarter. Finally, Contrarius Investment Management Ltd grew its stake in Arch Coal, Inc. Class A by 35.9% during the 2nd quarter. Contrarius Investment Management Ltd now owns 789,130 shares of the energy company’s stock valued at $53,898,000 after purchasing an additional 208,487 shares during the last quarter.

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Shares of Arch Coal, Inc. Class A (NASDAQ ARCH) opened at 71.19 on Wednesday. The company’s 50 day moving average price is $73.16 and its 200 day moving average price is $73.16. Arch Coal, Inc. Class A has a 52-week low of $66.00 and a 52-week high of $86.47. The stock has a market capitalization of $1.73 billion and a PE ratio of 0.99.

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 for the quarter, missing the Thomson Reuters’ consensus estimate of $1.92 by ($0.07). The company had revenue of $549.87 million during the quarter, compared to analysts’ expectations of $596.76 million. The company’s quarterly revenue was up 30.8% compared to the same quarter last year. On average, equities research analysts anticipate that Arch Coal, Inc. Class A will post $8.92 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend was Tuesday, August 29th. This is an increase from Arch Coal, Inc. Class A’s previous quarterly dividend of $0.03.

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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