Arch Coal, Inc. Class A (ARCH) Receives Consensus Recommendation of “Buy” from Brokerages

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.

A number of institutional investors have recently modified their holdings of ARCH. BlackRock Inc. increased its stake in shares of 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 worth $96,680,000 after purchasing an additional 1,002,176 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of 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 worth $15,588,000 after purchasing an additional 226,341 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Arch Coal, Inc. Class A by 59.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 99,624 shares of the energy company’s stock worth $6,805,000 after purchasing an additional 37,245 shares in the last quarter. Skylands Capital LLC increased its stake in shares of Arch Coal, Inc. Class A by 10.4% during the 3rd quarter. Skylands Capital LLC now owns 297,300 shares of the energy company’s stock worth $21,328,000 after purchasing an additional 28,050 shares in the last quarter. Finally, Quantbot Technologies LP increased its stake in shares of Arch Coal, Inc. Class A by 88.7% during the 2nd quarter. Quantbot Technologies LP now owns 15,849 shares of the energy company’s stock worth $1,082,000 after purchasing an additional 7,450 shares in the last quarter. 37.04% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Arch Coal, Inc. Class A (NYSE:ARCH)

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