Arch Coal, Inc. Class A (ARCH) Receives Buy Rating from Jefferies Group LLC

Jefferies Group LLC reissued their buy rating on shares of Arch Coal, Inc. Class A (NASDAQ:ARCH) in a research note issued to investors on Thursday.

Several other research analysts also recently issued reports on ARCH. Clarkson Capital reiterated a buy rating on shares of Arch Coal, Inc. Class A in a research report on Thursday, July 27th. FBR & Co reiterated a buy rating on shares of Arch Coal, Inc. Class A in a research report on Tuesday. MKM Partners reiterated a buy rating and set a $104.00 price target on shares of Arch Coal, Inc. Class A in a research report on Tuesday, September 12th. Macquarie began coverage on shares of Arch Coal, Inc. Class A in a research report on Thursday, September 7th. They set a neutral rating and a $84.00 price target on the stock. Finally, J P Morgan Chase & Co upgraded shares of Arch Coal, Inc. Class A from a neutral rating to an overweight rating and upped their price target for the stock from $80.00 to $90.00 in a research report on Thursday, August 31st. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $92.38.

Arch Coal, Inc. Class A (NASDAQ ARCH) traded down 0.31% during trading on Thursday, reaching $71.33. 215,600 shares of the company’s stock traded hands. Arch Coal, Inc. Class A has a 12 month low of $0.04 and a 12 month high of $86.47. The company has a market capitalization of $1.73 billion and a price-to-earnings ratio of 0.99. The firm’s 50 day moving average is $75.08 and its 200-day moving average is $75.08.

Arch Coal, Inc. Class A (NASDAQ:ARCH) last issued its quarterly earnings results on Thursday, July 27th. The energy company reported $1.85 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.92 by ($0.07). The company had revenue of $549.87 million for the quarter, compared to analyst estimates of $596.76 million. The business’s quarterly revenue was up 30.8% on a year-over-year basis. Analysts expect that Arch Coal, Inc. Class A will post $9.04 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were issued a dividend of $0.35 per share. This is a boost from Arch Coal, Inc. Class A’s previous quarterly dividend of $0.03. This represents a $1.40 annualized dividend and a yield of 1.92%. The ex-dividend date was Tuesday, August 29th.

A number of large investors have recently made changes to their positions in the business. Davidson Kempner Capital Management LP raised its holdings in Arch Coal, Inc. Class A by 51.2% during 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 last quarter. Ameritas Investment Partners Inc. bought a new stake in Arch Coal, Inc. Class A during the 2nd quarter worth about $131,000. The Manufacturers Life Insurance Company raised its holdings in Arch Coal, Inc. Class A by 2,415.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,753 shares of the energy company’s stock worth $1,144,000 after purchasing an additional 16,087 shares during the last quarter. State Street Corp raised its holdings in Arch Coal, Inc. Class A by 10.3% during 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 last quarter. Finally, Royal Bank of Canada raised its holdings in Arch Coal, Inc. Class A by 140.6% during the 2nd 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.

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.

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

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