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

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

Arch Coal, Inc. Class A (NASDAQ:ARCH)‘s stock had its “buy” rating reissued by equities research analysts at FBR & Co in a research report issued to clients and investors on Tuesday, September 19th.

Other analysts also recently issued research reports about the stock. Stifel Nicolaus set a $92.00 price objective on shares of Arch Coal, Inc. Class A and gave the stock a “buy” rating in a research note on Friday, August 25th. MKM Partners reissued a “buy” rating and issued a $98.00 price objective (up previously 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 stock a “buy” rating in a research note on Friday, August 18th. Clarkson Capital reaffirmed a “buy” rating on shares of Arch Coal, Inc. Class A in a research report on Thursday, July 27th. Finally, Seaport Global Securities reaffirmed a “buy” rating on shares of Arch Coal, Inc. Class A in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. Arch Coal, Inc. Class A has a consensus rating of “Buy” and an average target price of $92.38.

Shares of Arch Coal, Inc. Class A (NASDAQ:ARCH) opened at 71.74 on Tuesday. The stock’s 50 day moving average price is $75.08 and its 200-day moving average price is $75.08. Arch Coal, Inc. Class A has a 52-week low of $0.04 and a 52-week high of $86.47. The company has a market capitalization of $1.74 billion and a P/E ratio of 1.00.

Arch Coal, Inc. Class A (NASDAQ:ARCH) last announced its quarterly earnings results 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 company had revenue of $549.87 million for the quarter, compared to analysts’ expectations of $596.76 million. The firm’s quarterly revenue was up 30.8% on a year-over-year basis. On average, equities analysts expect that Arch Coal, Inc. Class A will post $8.92 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Arch Coal, Inc. Class A in the second quarter worth $104,000. Royal Bank of Canada grew its holdings in 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 worth $113,000 after purchasing an additional 967 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in Arch Coal, Inc. Class A in the second quarter worth $131,000. Great West Life Assurance Co. Can purchased a new position in Arch Coal, Inc. Class A in the second quarter worth $164,000. Finally, FNY Partners Fund LP grew its holdings in Arch Coal, Inc. Class A by 150.0% in the first quarter. FNY Partners Fund LP now owns 2,500 shares of the energy company’s stock worth $172,000 after purchasing an additional 1,500 shares during the last quarter.

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.

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