Stifel Nicolaus set a $109.00 target price on Arch Coal, Inc. Class A (NYSE:ARCH) in a research report report published on Tuesday morning. The brokerage currently has a buy rating on the energy company’s stock.
Several other equities research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Arch Coal, Inc. Class A from a buy rating to a hold rating in a research report on Monday, November 20th. Jefferies Group reissued a buy rating on shares of Arch Coal, Inc. Class A in a research report on Thursday, October 19th. FBR & Co reissued a buy rating on shares of Arch Coal, Inc. Class A in a research report on Tuesday, October 31st. B. Riley set a $95.00 price objective on shares of Arch Coal, Inc. Class A and gave the stock a buy rating in a research report on Tuesday, November 14th. Finally, ValuEngine raised shares of Arch Coal, Inc. Class A from a hold rating to a buy rating in a research report on Friday, December 1st. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Arch Coal, Inc. Class A presently has an average rating of Buy and an average price target of $96.88.
Shares of Arch Coal, Inc. Class A (NYSE ARCH) traded down $2.35 during trading hours on Tuesday, reaching $94.48. 362,700 shares of the company’s stock traded hands, compared to its average volume of 338,570. Arch Coal, Inc. Class A has a 1 year low of $60.13 and a 1 year high of $99.53. 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 (NYSE:ARCH) last issued its earnings results on Tuesday, October 31st. The energy company reported $2.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.58 by $0.96. The firm had revenue of $613.53 million during the quarter, compared to the consensus estimate of $550.35 million. During the same period in the previous year, the company posted ($1.43) EPS. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. research analysts anticipate that Arch Coal, Inc. Class A will post 9.46 EPS for the current year.
In related news, major shareholder Monarch Alternative Capital Lp sold 500,000 shares of the stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $85.26, for a total transaction of $42,630,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James N. Chapman sold 1,002 shares of the stock in a transaction on Friday, November 24th. The stock was sold at an average price of $80.99, for a total transaction of $81,151.98. Following the transaction, the director now owns 2,226 shares of the company’s stock, valued at approximately $180,283.74. The disclosure for this sale can be found here. Corporate insiders own 1.34% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Arch Coal, Inc. Class A in the second quarter valued at $104,000. Royal Bank of Canada lifted its stake 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 valued at $113,000 after acquiring an additional 967 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Arch Coal, Inc. Class A in the second quarter valued at $131,000. New York State Teachers Retirement System acquired a new stake in Arch Coal, Inc. Class A in the third quarter valued at $136,000. Finally, Meeder Asset Management Inc. acquired a new stake in Arch Coal, Inc. Class A in the third quarter valued at $155,000. Hedge funds and other institutional investors own 37.04% of the company’s stock.
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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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