Arch Coal, Inc. Class A (ARCH) Rating Increased to Buy at Zacks Investment Research

Arch Coal, Inc. Class A (NYSE:ARCH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Monday. The firm presently has a $104.00 price objective on the energy company’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 11.58% from the stock’s previous close.

According to Zacks, “Arch Coal, Inc. is a natural resource company. It produces metallurgical and thermal coal, used to manufacture steel and generate electricity. The company operates primarily in Alabama, Indiana, Washington, Arkansas, California, Utah and Texas. Arch Coal, Inc. is headquartered in St. Louis, Missouri. “

Several other analysts also recently commented on the company. Jefferies Group restated a “buy” rating on shares of Arch Coal, Inc. Class A in a research note on Thursday, October 19th. FBR & Co restated a “buy” rating on shares of Arch Coal, Inc. Class A in a research note on Tuesday, October 31st. B. Riley set a $95.00 target price on Arch Coal, Inc. Class A and gave the company a “buy” rating in a research note on Tuesday, November 14th. Stifel Nicolaus restated a “buy” rating and issued a $92.00 target price on shares of Arch Coal, Inc. Class A in a research note on Friday, October 13th. Finally, ValuEngine upgraded Arch Coal, Inc. Class A from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $96.50.

Shares of Arch Coal, Inc. Class A (NYSE:ARCH) traded up $0.18 on Monday, hitting $93.21. The stock had a trading volume of 256,592 shares, compared to its average volume of 326,284. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.79 and a quick ratio of 2.40. Arch Coal, Inc. Class A has a 12 month low of $60.13 and a 12 month high of $99.53.

Arch Coal, Inc. Class A (NYSE:ARCH) last issued its earnings results on Tuesday, October 31st. The energy company reported $2.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.43) earnings per share. sell-side analysts forecast that Arch Coal, Inc. Class A will post 9.23 earnings per share for the current fiscal year.

In related news, Director James N. Chapman sold 1,002 shares of the firm’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $80.99, for a total value of $81,151.98. Following the transaction, the director now owns 2,226 shares of the company’s stock, valued at approximately $180,283.74. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Monarch Alternative Capital Lp sold 500,000 shares of the firm’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 disclosure for this sale can be found here. 1.34% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada lifted its position 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 acquiring an additional 967 shares in the last quarter. New York State Teachers Retirement System bought a new position in shares of Arch Coal, Inc. Class A during the 3rd quarter worth approximately $136,000. Ameritas Investment Partners Inc. bought a new position in shares of Arch Coal, Inc. Class A during the 2nd quarter worth approximately $131,000. Meeder Asset Management Inc. bought a new position in shares of Arch Coal, Inc. Class A during the 3rd quarter worth approximately $155,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Arch Coal, Inc. Class A during the 4th quarter worth approximately $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.

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