Shares of Arch Coal, Inc. Class A (NYSE:ARCH) have earned an average recommendation of “Buy” from the eleven brokerages that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $96.40.
A number of brokerages recently commented on ARCH. Stifel Nicolaus set a $109.00 price objective on shares of Arch Coal, Inc. Class A and gave the company a “buy” rating in a research report on Tuesday. Zacks Investment Research downgraded shares of Arch Coal, Inc. Class A from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Jefferies Group restated a “buy” rating on shares of Arch Coal, Inc. Class A in a research report on Thursday, September 21st. ValuEngine upgraded shares of Arch Coal, Inc. Class A from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, B. Riley restated a “buy” rating on shares of Arch Coal, Inc. Class A in a research report on Wednesday, November 1st.
In other Arch Coal, Inc. Class A news, major shareholder Monarch Alternative Capital Lp sold 500,000 shares of the stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $85.26, for a total value of $42,630,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James N. Chapman sold 1,002 shares of the stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $80.99, for a total transaction of $81,151.98. Following the completion of the transaction, the director now directly owns 2,226 shares of the company’s stock, valued at $180,283.74. The disclosure for this sale can be found here. Company insiders own 1.34% of the company’s stock.
Shares of Arch Coal, Inc. Class A (NYSE ARCH) opened at $92.99 on Friday. Arch Coal, Inc. Class A has a 12 month low of $60.13 and a 12 month high of $99.53. The company has a current ratio of 2.79, a quick ratio of 2.40 and a debt-to-equity ratio of 0.46.
Arch Coal, Inc. Class A (NYSE:ARCH) last announced its earnings results on Tuesday, October 31st. The energy company reported $2.54 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.96. The business had revenue of $613.53 million for the quarter, compared to analyst estimates of $550.35 million. Arch Coal, Inc. Class A’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the company posted ($1.43) EPS. sell-side analysts forecast that Arch Coal, Inc. Class A will post 9.46 earnings per share for the current fiscal year.
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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.
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