Arch Coal, Inc. Class A (ARCH) Price Target Increased to $94.00 by Analysts at JPMorgan Chase & Co.

Arch Coal, Inc. Class A (NYSE:ARCH) had its price objective lifted by equities researchers at JPMorgan Chase & Co. from $90.00 to $94.00 in a research report issued on Thursday, MarketBeat Ratings reports. The brokerage currently has a “hold” rating on the energy company’s stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 1.65% from the company’s current price.

A number of other research analysts also recently weighed in on the company. Zacks Investment Research raised 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. Jefferies Group reaffirmed a “buy” rating on shares of Arch Coal, Inc. Class A in a research note on Thursday, October 19th. FBR & Co reaffirmed 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 price objective on Arch Coal, Inc. Class A and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Finally, Stifel Nicolaus set a $109.00 price objective on Arch Coal, Inc. Class A and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $101.25.

Arch Coal, Inc. Class A (ARCH) traded down $1.70 during mid-day trading on Thursday, reaching $92.47. The company had a trading volume of 464,904 shares, compared to its average volume of 368,650. Arch Coal, Inc. Class A has a fifty-two week low of $60.13 and a fifty-two week high of $99.53. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.40 and a current ratio of 2.79.

Arch Coal, Inc. Class A (NYSE:ARCH) last posted its quarterly earnings results on Tuesday, February 13th. The energy company reported $4.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $1.80. The firm had revenue of $560.20 million for the quarter, compared to analyst estimates of $574.83 million. During the same period last year, the company posted $1.65 earnings per share. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. equities research analysts forecast that Arch Coal, Inc. Class A will post 10.6 earnings per share for the current year.

In other news, major shareholder Monarch Alternative Capital Lp sold 500,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $85.26, for a total value of $42,630,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James N. Chapman sold 1,002 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $80.99, for a total value of $81,151.98. Following the completion of the transaction, the director now directly owns 2,226 shares of the company’s stock, valued at $180,283.74. The disclosure for this sale can be found here. Corporate insiders own 1.34% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in ARCH. Royal Bank of Canada grew 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. bought a new position in shares of Arch Coal, Inc. Class A in the second quarter valued at approximately $131,000. New York State Teachers Retirement System bought a new position in shares of Arch Coal, Inc. Class A in the third quarter valued at approximately $136,000. Meeder Asset Management Inc. bought a new position in shares of Arch Coal, Inc. Class A in the third quarter valued at approximately $155,000. Finally, B. Riley Financial Inc. bought a new position in shares of Arch Coal, Inc. Class A in the third quarter valued at approximately $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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