Arch Coal, Inc. Class A (ARCH) PT Set at $109.00 by Stifel Nicolaus

Stifel Nicolaus set a $109.00 price target on Arch Coal, Inc. Class A (NYSE:ARCH) in a research note issued to investors on Tuesday. The firm currently has a buy rating on the energy company’s stock.

A number of other research firms have also commented on ARCH. Zacks Investment Research lowered shares of Arch Coal, Inc. Class A from a buy rating to a hold rating in a research report on Tuesday, January 9th. ValuEngine raised shares of Arch Coal, Inc. Class A from a hold rating to a buy rating in a report on Friday, December 1st. B. Riley reissued a buy rating on shares of Arch Coal, Inc. Class A in a report on Wednesday, November 1st. Jefferies Group reissued a buy rating on shares of Arch Coal, Inc. Class A in a report on Thursday, October 19th. Finally, FBR & Co reissued a buy rating on shares of Arch Coal, Inc. Class A in a report on Tuesday, September 19th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $96.88.

Arch Coal, Inc. Class A (NYSE ARCH) traded down $2.35 during midday trading on Tuesday, hitting $94.48. 362,700 shares of the stock were exchanged, compared to its average volume of 338,570. The company has a quick ratio of 2.40, a current ratio of 2.79 and a debt-to-equity ratio of 0.46. Arch Coal, Inc. Class A has a one year low of $60.13 and a one year high of $99.53.

Arch Coal, Inc. Class A (NYSE:ARCH) last posted its earnings results on Tuesday, October 31st. The energy company reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.96. The company had revenue of $613.53 million for the quarter, compared to analyst estimates of $550.35 million. During the same quarter in the prior year, the business posted ($1.43) EPS. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. equities research analysts expect that Arch Coal, Inc. Class A will post 9.46 earnings per share for the current year.

In related news, Director James N. Chapman sold 1,002 shares of Arch Coal, Inc. Class A stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $80.99, for a total transaction of $81,151.98. Following the sale, the director now directly owns 2,226 shares in the company, valued at approximately $180,283.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Monarch Alternative Capital Lp sold 500,000 shares of Arch Coal, Inc. Class A stock in a transaction that occurred on Tuesday, December 12th. The stock was 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.

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Arch Coal, Inc. Class A by 10.5% in the 2nd quarter. Vanguard Group Inc. now owns 1,801,011 shares of the energy company’s stock worth $123,010,000 after purchasing an additional 171,751 shares during the period. BlackRock Inc. lifted its position in shares of Arch Coal, Inc. Class A by 242.4% in the 2nd quarter. BlackRock Inc. now owns 1,415,537 shares of the energy company’s stock worth $96,680,000 after purchasing an additional 1,002,176 shares during the period. Davidson Kempner Capital Management LP lifted its position in shares of Arch Coal, Inc. Class A by 51.2% in the 2nd quarter. Davidson Kempner Capital Management LP now owns 999,951 shares of the energy company’s stock worth $68,297,000 after purchasing an additional 338,500 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Arch Coal, Inc. Class A by 25.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 812,195 shares of the energy company’s stock worth $55,674,000 after purchasing an additional 162,743 shares during the period. Finally, State Street Corp lifted its position in shares of Arch Coal, Inc. Class A by 10.3% in the 2nd quarter. State Street Corp now owns 727,886 shares of the energy company’s stock worth $49,711,000 after purchasing an additional 67,821 shares during the period. Institutional investors and hedge funds own 37.04% of the company’s stock.

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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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