Arch Coal, Inc. Class A (ARCH) Given a $120.00 Price Target at Jefferies Group

Arch Coal, Inc. Class A (NYSE:ARCH) has been given a $120.00 price objective by investment analysts at Jefferies Group in a note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the energy company’s stock. Jefferies Group’s target price indicates a potential upside of 28.95% from the stock’s current price.

ARCH has been the topic of several other reports. Zacks Investment Research upgraded shares of Arch Coal, Inc. Class A from a “hold” rating to a “strong-buy” rating and set a $107.00 price target on the stock in a research note on Tuesday, January 2nd. 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 note on Tuesday, January 16th. B. Riley set a $95.00 price objective on shares of Arch Coal, Inc. Class A and gave the company a “buy” rating in a research note on Tuesday, November 14th. JPMorgan Chase & Co. lowered shares of Arch Coal, Inc. Class A from an “overweight” rating to a “neutral” rating and set a $90.00 price objective on the stock. in a research note on Thursday, January 25th. Finally, ValuEngine upgraded shares of Arch Coal, Inc. Class A from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $100.25.

Shares of Arch Coal, Inc. Class A (ARCH) traded up $3.04 during trading hours on Tuesday, reaching $93.06. 595,359 shares of the company traded hands, compared to its average volume of 343,254. 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 quarterly earnings results on Tuesday, February 13th. The energy company reported $4.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.32 by $1.80. The company had revenue of $560.20 million for the quarter, compared to analyst estimates of $574.83 million. During the same quarter in the prior year, the business earned $1.65 earnings per share. Arch Coal, Inc. Class A’s revenue was down 2.7% compared to the same quarter last year. equities analysts expect that Arch Coal, Inc. Class A will post 9.21 EPS for the current fiscal year.

In other news, Director James N. Chapman sold 1,002 shares of Arch Coal, Inc. Class A 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 sale, the director now owns 2,226 shares of the company’s stock, valued at $180,283.74. The sale was disclosed in a legal filing with the SEC, 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 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. Insiders own 1.34% of the company’s stock.

Several large investors have recently modified their holdings of ARCH. Royal Bank of Canada boosted its holdings in shares of Arch Coal, Inc. Class A by 140.6% in the second 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. Ameritas Investment Partners Inc. purchased a new stake in shares of Arch Coal, Inc. Class A in the second quarter valued at about $131,000. New York State Teachers Retirement System purchased a new stake in shares of Arch Coal, Inc. Class A in the third quarter valued at about $136,000. Meeder Asset Management Inc. purchased a new stake in shares of Arch Coal, Inc. Class A in the third quarter valued at about $155,000. Finally, B. Riley Financial Inc. purchased a new stake in shares of Arch Coal, Inc. Class A in the third quarter valued at about $215,000.

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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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