Arch Coal, Inc. Class A (NASDAQ:ARCH)‘s stock had its “buy” rating reiterated by equities researchers at FBR & Co in a research note issued on Tuesday.

Several other equities research analysts have also commented on ARCH. Jefferies Group LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of Arch Coal, Inc. Class A in a research report on Friday, July 7th. Stifel Nicolaus reiterated a “buy” rating and issued a $92.00 price objective on shares of Arch Coal, Inc. Class A in a research report on Friday, July 21st. Seaport Global Securities reiterated a “buy” rating on shares of Arch Coal, Inc. Class A in a research report on Thursday, July 27th. Clarkson Capital reiterated a “buy” rating on shares of Arch Coal, Inc. Class A in a research report on Thursday, July 27th. Finally, MKM Partners reiterated a “buy” rating and issued a $98.00 price objective (up from $93.00) on shares of Arch Coal, Inc. Class A in a research report on Thursday, August 24th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Arch Coal, Inc. Class A currently has an average rating of “Buy” and an average target price of $93.00.

Arch Coal, Inc. Class A (ARCH) traded up 5.327% during trading on Tuesday, reaching $75.625. 146,721 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $72.97 and a 200 day moving average price of $72.52. Arch Coal, Inc. Class A has a 52 week low of $60.13 and a 52 week high of $86.47. The firm has a market capitalization of $1.84 billion and a price-to-earnings ratio of 1.053.

Arch Coal, Inc. Class A (NASDAQ:ARCH) last released its quarterly earnings data on Tuesday, October 31st. The energy company reported $2.54 EPS for the quarter, topping the consensus estimate of $2.14 by $0.40. The business had revenue of $613.53 million during the quarter, compared to analysts’ expectations of $550.35 million. During the same quarter in the prior year, the firm earned ($1.43) earnings per share. Arch Coal, Inc. Class A’s quarterly revenue was up 11.5% on a year-over-year basis. Equities research analysts forecast that Arch Coal, Inc. Class A will post $8.90 earnings per share for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. raised its stake in Arch Coal, Inc. Class A by 2.8% in the 2nd quarter. Principal Financial Group Inc. now owns 10,556 shares of the energy company’s stock valued at $721,000 after purchasing an additional 287 shares during the last quarter. Parkwood LLC raised its stake in Arch Coal, Inc. Class A by 8.3% in the 2nd quarter. Parkwood LLC now owns 4,680 shares of the energy company’s stock valued at $320,000 after purchasing an additional 360 shares during the last quarter. Bank of America Corp DE raised its stake in Arch Coal, Inc. Class A by 3.3% in the 1st quarter. Bank of America Corp DE now owns 11,478 shares of the energy company’s stock valued at $792,000 after purchasing an additional 370 shares during the last quarter. Royal Bank of Canada raised its stake in Arch Coal, Inc. Class A by 140.6% in the 2nd 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 last quarter. Finally, Ladenburg Thalmann Financial Services Inc. acquired a new position in Arch Coal, Inc. Class A in the 4th quarter valued at about $107,000.

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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