JPMorgan Chase & Co. Downgrades Arch Coal, Inc. Class A (ARCH) to Neutral

Arch Coal, Inc. Class A (NYSE:ARCH) was downgraded by JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research note issued to investors on Thursday, MarketBeat.com reports. They presently have a $90.00 price objective on the energy company’s stock. JPMorgan Chase & Co.’s price target indicates a potential downside of 3.26% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. FBR & Co reissued a “buy” rating on shares of Arch Coal, Inc. Class A in a research report on Tuesday, October 31st. ValuEngine raised shares of Arch Coal, Inc. Class A from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Jefferies Group reissued a “buy” rating on shares of Arch Coal, Inc. Class A in a research report on Thursday, October 19th. Stifel Nicolaus reissued a “buy” rating and issued a $92.00 target price on shares of Arch Coal, Inc. Class A in a research report on Friday, October 13th. Finally, Zacks Investment Research raised shares of Arch Coal, Inc. Class A from a “sell” rating to a “hold” rating in a research report on Friday, October 13th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $96.88.

Shares of Arch Coal, Inc. Class A (NYSE:ARCH) traded up $2.37 during mid-day trading on Thursday, reaching $93.03. 248,412 shares of the company’s stock were exchanged, compared to its average volume of 293,499. Arch Coal, Inc. Class A has a 52-week low of $60.13 and a 52-week 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 issued its quarterly earnings data on Tuesday, October 31st. The energy company reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.96. The firm had revenue of $613.53 million during the quarter, compared to analyst estimates of $550.35 million. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($1.43) EPS. sell-side analysts forecast that Arch Coal, Inc. Class A will post 9.23 EPS for the current fiscal year.

In related news, major shareholder Monarch Alternative Capital Lp sold 500,000 shares of the business’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $85.26, for a total transaction of $42,630,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James N. Chapman sold 1,002 shares of the business’s 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 sale, the director now directly owns 2,226 shares of the company’s stock, valued at approximately $180,283.74. The disclosure for this sale can be found here. 1.34% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the stock. Royal Bank of Canada grew its position in shares of Arch Coal, Inc. Class A by 140.6% during the 2nd quarter. Royal Bank of Canada now owns 1,655 shares of the energy company’s stock valued at $113,000 after buying an additional 967 shares during the last quarter. New York State Teachers Retirement System bought a new stake in shares of Arch Coal, Inc. Class A during the 3rd quarter valued at about $136,000. Ameritas Investment Partners Inc. acquired a new position in Arch Coal, Inc. Class A during the 2nd quarter valued at about $131,000. Meeder Asset Management Inc. acquired a new position in Arch Coal, Inc. Class A during the 3rd quarter valued at about $155,000. Finally, Fox Run Management L.L.C. acquired a new position in Arch Coal, Inc. Class A during the 4th quarter valued at about $228,000.

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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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