Arch Coal, Inc. Class A (ARCH) Rating Reiterated by FBR & Co

Arch Coal, Inc. Class A (NASDAQ:ARCH)‘s stock had its “buy” rating reiterated by equities researchers at FBR & Co in a research note issued on Tuesday.

Other research analysts also recently issued reports about the stock. Stifel Nicolaus set a $92.00 price objective on shares of Arch Coal, Inc. Class A and gave the company a “buy” rating in a research note on Friday, August 25th. MKM Partners reiterated a “buy” rating and set a $98.00 price objective (up from $93.00) on shares of Arch Coal, Inc. Class A in a research note on Thursday, August 24th. Jefferies Group LLC set a $90.00 price objective on shares of Arch Coal, Inc. Class A and gave the company a “buy” rating in a research note on Friday, August 18th. Clarkson Capital reiterated a “buy” rating on shares of Arch Coal, Inc. Class A in a research note on Thursday, July 27th. Finally, Seaport Global Securities reiterated a “buy” rating on shares of Arch Coal, Inc. Class A in a research note on Thursday, July 27th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Arch Coal, Inc. Class A currently has an average rating of “Buy” and an average price target of $92.38.

Shares of Arch Coal, Inc. Class A (NASDAQ:ARCH) opened at 72.53 on Tuesday. Arch Coal, Inc. Class A has a 52 week low of $0.04 and a 52 week high of $86.47. The company’s 50-day moving average is $75.08 and its 200 day moving average is $75.08. The firm has a market capitalization of $1.76 billion and a price-to-earnings ratio of 1.01.

Arch Coal, Inc. Class A (NASDAQ:ARCH) last posted its quarterly earnings data on Thursday, July 27th. The energy company reported $1.85 EPS for the quarter, missing the Zacks’ consensus estimate of $1.92 by ($0.07). The business had revenue of $549.87 million for the quarter, compared to analysts’ expectations of $596.76 million. The business’s quarterly revenue was up 30.8% compared to the same quarter last year. Analysts anticipate that Arch Coal, Inc. Class A will post $9.04 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This news story was originally reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this news story on another domain, it was stolen and republished in violation of United States and international copyright & trademark laws. The correct version of this news story can be viewed at https://www.chaffeybreeze.com/2017/09/20/arch-coal-inc-class-a-arch-rating-reiterated-by-fbr-co.html.

Several institutional investors have recently bought and sold shares of ARCH. Wells Fargo & Company MN lifted its position in shares of Arch Coal, Inc. Class A by 303.0% in the 1st quarter. Wells Fargo & Company MN now owns 21,024 shares of the energy company’s stock worth $1,449,000 after buying an additional 15,807 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Arch Coal, Inc. Class A by 18.1% in the 1st quarter. Bank of New York Mellon Corp now owns 972,717 shares of the energy company’s stock worth $67,059,000 after buying an additional 149,028 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Arch Coal, Inc. Class A in the 1st quarter worth about $579,000. SG Americas Securities LLC bought a new position in shares of Arch Coal, Inc. Class A in the 1st quarter worth about $1,316,000. Finally, OppenheimerFunds Inc. bought a new position in shares of Arch Coal, Inc. Class A in the 1st quarter worth about $227,270,000.

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 (NASDAQ:ARCH)

Receive News & Ratings for Arch Coal Inc. Class A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Coal Inc. Class A and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply