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

Shares of Arch Coal, Inc. Class A (NYSE:ARCH) have been given an average recommendation of “Buy” by the eleven analysts that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $96.40.

ARCH has been the subject of several research reports. Jefferies Group restated a “buy” rating on shares of Arch Coal, Inc. Class A in a research report on Thursday, October 19th. FBR & Co restated a “buy” rating on shares of Arch Coal, Inc. Class A in a research report on Tuesday, October 31st. B. Riley restated a “buy” rating on shares of Arch Coal, Inc. Class A in a research report on Wednesday, November 1st. Zacks Investment Research cut shares of Arch Coal, Inc. Class A from a “buy” rating to a “hold” rating in a research report on Monday, November 20th. Finally, 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.

In related news, Director James N. Chapman sold 1,002 shares of Arch Coal, Inc. Class A stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $80.99, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Monarch Alternative Capital Lp sold 500,000 shares of Arch Coal, Inc. Class A stock in a transaction that occurred on Tuesday, December 12th. The stock was 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.

A number of institutional investors have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd bought a new position in Arch Coal, Inc. Class A during the 4th quarter worth approximately $855,000. Martingale Asset Management L P bought a new position in Arch Coal, Inc. Class A during the 4th quarter worth approximately $969,000. Gendell Jeffrey L boosted its stake in Arch Coal, Inc. Class A by 12.1% during the 4th quarter. Gendell Jeffrey L now owns 75,000 shares of the energy company’s stock worth $6,987,000 after acquiring an additional 8,119 shares during the last quarter. Ontario Teachers Pension Plan Board bought a new position in Arch Coal, Inc. Class A during the 4th quarter worth approximately $217,000. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Arch Coal, Inc. Class A by 4.5% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 56,743 shares of the energy company’s stock worth $5,286,000 after acquiring an additional 2,461 shares during the last quarter.

Shares of Arch Coal, Inc. Class A (NYSE:ARCH) opened at $88.58 on Tuesday. 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 1 year low of $60.13 and a 1 year high of $99.53.

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About Arch Coal, Inc. Class A

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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