Arch Coal, Inc. Class A (NASDAQ:ARCH)‘s stock had its “buy” rating reiterated by Jefferies Group LLC in a report released on Thursday. Jefferies Group also issued estimates for Arch Coal, Inc. Class A’s FY2019 earnings at $6.44 EPS.

Several other research analysts have also weighed in on ARCH. Stifel Nicolaus reaffirmed a “buy” rating and issued a $92.00 target price on shares of Arch Coal, Inc. Class A in a research report on Friday, June 23rd. Seaport Global Securities reaffirmed a “buy” rating on shares of Arch Coal, Inc. Class A in a research report on Thursday, July 27th. Clarkson Capital reaffirmed a “buy” rating on shares of Arch Coal, Inc. Class A in a research report on Thursday, July 27th. MKM Partners reaffirmed a “buy” rating and issued a $98.00 target price (up from $93.00) on shares of Arch Coal, Inc. Class A in a research report on Thursday, August 24th. Finally, J P Morgan Chase & Co raised Arch Coal, Inc. Class A from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $80.00 to $90.00 in a research report on Thursday, August 31st. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $93.00.

Shares of Arch Coal, Inc. Class A (ARCH) traded up 0.56% during midday trading on Thursday, hitting $75.43. The stock had a trading volume of 278,580 shares. Arch Coal, Inc. Class A has a 12-month low of $60.13 and a 12-month high of $86.47. The stock has a 50-day moving average price of $73.64 and a 200-day moving average price of $72.53. The stock has a market cap of $1.83 billion and a P/E ratio of 1.05.

Arch Coal, Inc. Class A (NASDAQ:ARCH) last issued its earnings results on Thursday, July 27th. The energy company reported $1.85 earnings per share for the quarter, missing the consensus estimate of $1.92 by ($0.07). The company 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. Equities analysts forecast that Arch Coal, Inc. Class A will post $8.94 earnings per share for the current year.

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Large investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Arch Coal, Inc. Class A in the second quarter valued at about $104,000. Royal Bank of Canada raised its position 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 purchasing an additional 967 shares during the period. Ameritas Investment Partners Inc. purchased a new position in Arch Coal, Inc. Class A in the second quarter valued at about $131,000. Meeder Asset Management Inc. purchased a new position in Arch Coal, Inc. Class A in the third quarter valued at about $155,000. Finally, Great West Life Assurance Co. Can purchased a new position in Arch Coal, Inc. Class A in the second quarter valued at about $164,000.

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)

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