Arch Coal (ARCH) Rating Increased to Buy at ValuEngine

Arch Coal (NYSE:ARCH) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Other equities research analysts also recently issued reports about the company. Jefferies Group set a $90.00 price objective on Arch Coal and gave the company a “buy” rating in a research report on Friday, August 18th. Macquarie assumed coverage on Arch Coal in a research report on Thursday, September 7th. They set a “neutral” rating and a $84.00 price objective on the stock. FBR & Co restated a “buy” rating on shares of Arch Coal in a research report on Tuesday, October 31st. MKM Partners restated a “buy” rating and set a $104.00 price objective on shares of Arch Coal in a research report on Tuesday, September 12th. Finally, Stifel Nicolaus set a $92.00 price objective on Arch Coal and gave the company a “buy” rating in a research report on Friday, August 25th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Arch Coal currently has a consensus rating of “Buy” and a consensus price target of $93.00.

Shares of Arch Coal (ARCH) traded up $1.70 during trading on Friday, reaching $84.26. The company had a trading volume of 370,354 shares, compared to its average volume of 431,852. Arch Coal has a 52 week low of $60.13 and a 52 week high of $86.35. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.79 and a quick ratio of 2.40.

Arch Coal (NYSE:ARCH) last announced its quarterly earnings results on Tuesday, October 31st. The energy company reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.96. The firm had revenue of $613.53 million for the quarter, compared to the consensus estimate of $550.35 million. During the same period in the previous year, the company posted ($1.43) earnings per share. Arch Coal’s quarterly revenue was up 11.5% on a year-over-year basis. research analysts predict that Arch Coal will post 9.62 earnings per share for the current year.

In other news, Director James N. Chapman sold 1,002 shares of the stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $80.99, for a total value of $81,151.98. Following the sale, the director now directly owns 2,226 shares in the company, valued at $180,283.74. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.34% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Arch Coal in the second quarter worth approximately $104,000. Royal Bank of Canada raised its holdings in shares of Arch Coal 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 buying an additional 967 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in shares of Arch Coal in the second quarter worth approximately $131,000. New York State Teachers Retirement System purchased a new stake in shares of Arch Coal in the third quarter worth approximately $136,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Arch Coal in the third quarter worth approximately $155,000.

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Arch Coal 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 (NYSE:ARCH)

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