Arch Coal, Inc. Class A (ARCH) Given New $92.00 Price Target at Stifel Nicolaus

Arch Coal, Inc. Class A (NASDAQ:ARCH) had its price objective reduced by equities researchers at Stifel Nicolaus from $96.00 to $92.00 in a research report issued to clients and investors on Friday, May 19th, MarketBeat Ratings reports. The firm presently has a “buy” rating on the energy company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 47.67% from the company’s previous close.

ARCH has been the topic of a number of other research reports. Jefferies Group LLC began coverage on Arch Coal, Inc. Class A in a research report on Friday, February 17th. They set a “buy” rating and a $90.00 target price on the stock. Zacks Investment Research downgraded Arch Coal, Inc. Class A from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 11th. FBR & Co increased their price objective on Arch Coal, Inc. Class A from $103.00 to $105.00 and gave the company an “outperform” rating in a research note on Monday, May 15th. Finally, MKM Partners reissued a “buy” rating and issued a $89.00 price objective (up from $86.00) on shares of Arch Coal, Inc. Class A in a research note on Tuesday, May 9th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $91.67.

Analyst Recommendations for Arch Coal, Inc. Class A (NASDAQ:ARCH)

Shares of Arch Coal, Inc. Class A (ARCH) traded up 2.27% during mid-day trading on Friday, hitting $62.30. The company had a trading volume of 758,092 shares. The company has a market cap of $1.56 billion and a PE ratio of 0.95. The firm has a 50-day moving average of $70.55 and a 200-day moving average of $72.33. Arch Coal, Inc. Class A has a 12 month low of $59.05 and a 12 month high of $86.47.

Arch Coal, Inc. Class A (NASDAQ:ARCH) last announced its earnings results on Tuesday, May 2nd. The energy company reported $2.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.60. The business had revenue of $600.97 million for the quarter, compared to analysts’ expectations of $590.60 million. During the same quarter last year, the business earned ($9.71) EPS. The company’s quarterly revenue was up 40.4% on a year-over-year basis. On average, analysts expect that Arch Coal, Inc. Class A will post $10.05 EPS for the current year.

The business also recently announced a special dividend, which was paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st were paid a $0.35 dividend. The ex-dividend date was Friday, May 26th.

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Several hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. bought a new stake in shares of Arch Coal, Inc. Class A during the fourth quarter worth about $3,757,000. State Street Corp acquired a new stake in shares of Arch Coal, Inc. Class A during the fourth quarter worth about $1,405,000. Alken Asset Management Ltd. acquired a new stake in shares of Arch Coal, Inc. Class A during the fourth quarter worth about $48,592,000. TCW Group Inc. acquired a new stake in shares of Arch Coal, Inc. Class A during the fourth quarter worth about $1,069,000. Finally, Federated Investors Inc. PA acquired a new stake in shares of Arch Coal, Inc. Class A during the fourth quarter worth about $3,044,000.

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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