Arch Coal, Inc. Class A (ARCH) Given Average Rating of “Buy” by Analysts

Arch Coal, Inc. Class A (NASDAQ:ARCH) has received an average recommendation of “Buy” from the six analysts that are presently covering the stock. Six equities research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have covered the stock in the last year is $90.60.

A number of equities analysts recently commented on ARCH shares. Seaport Global Securities started coverage on shares of Arch Coal, Inc. Class A in a research note on Thursday, November 10th. They issued a “buy” rating and a $95.00 price objective for the company. FBR & Co reaffirmed an “outperform” rating and issued a $90.00 price objective (up previously from $75.00) on shares of Arch Coal, Inc. Class A in a research note on Thursday, November 10th. Stifel Nicolaus raised their price objective on shares of Arch Coal, Inc. Class A from $81.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, December 1st. Zacks Investment Research raised shares of Arch Coal, Inc. Class A from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research note on Tuesday, December 6th. Finally, MKM Partners began coverage on shares of Arch Coal, Inc. Class A in a research note on Tuesday, December 20th. They issued a “buy” rating and a $103.00 price objective for the company.

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Shares of Arch Coal, Inc. Class A (NASDAQ:ARCH) traded up 2.864% during mid-day trading on Friday, hitting $74.175. The stock had a trading volume of 608,424 shares. The stock has a 50-day moving average price of $72.86 and a 200 day moving average price of $50.00. Arch Coal, Inc. Class A has a 52 week low of $0.04 and a 52 week high of $86.47. The stock has a market cap of $2.68 billion and a P/E ratio of 56.622.

Arch Coal, Inc. Class A (NASDAQ:ARCH) last posted its quarterly earnings data on Wednesday, February 8th. The company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $1.52. The firm earned $575.69 million during the quarter, compared to analyst estimates of $556.23 million. The firm’s revenue for the quarter was down 58.8% on a year-over-year basis. On average, equities analysts forecast that Arch Coal, Inc. Class A will post $9.31 EPS for the current fiscal year.

Large investors have recently modified their holdings of the stock. Ladenburg Thalmann Financial Services Inc. bought a new stake in shares of Arch Coal, Inc. Class A during the fourth quarter worth about $107,000. Huff W R Asset Management Co. LLC DE bought a new stake in shares of Arch Coal, Inc. Class A during the fourth quarter worth about $357,000. Teachers Retirement System of The State of Kentucky bought a new stake in shares of Arch Coal, Inc. Class A during the fourth quarter worth about $812,000. TCW Group Inc. bought a new stake in shares of Arch Coal, Inc. Class A during the fourth quarter worth about $1,069,000. Finally, Gardner Lewis Asset Management L P bought a new stake in shares of Arch Coal, Inc. Class A during the fourth quarter worth about $1,139,000.

Arch Coal, Inc. Class A Company Profile

5 Day Chart for NASDAQ:ARCH

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