Arch Coal, Inc. Class A (ARCH) Lowered to “Neutral” at JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of Arch Coal, Inc. Class A (NYSE:ARCH) from an overweight rating to a neutral rating in a research report sent to investors on Thursday morning, Marketbeat reports. They currently have $90.00 target price on the energy company’s stock.

Other equities analysts have also recently issued reports about the stock. FBR & Co restated a buy rating on shares of Arch Coal, Inc. Class A in a research report on Tuesday, October 31st. ValuEngine upgraded shares of Arch Coal, Inc. Class A from a hold rating to a buy rating in a research report on Friday, December 1st. Jefferies Group restated a buy rating on shares of Arch Coal, Inc. Class A in a research report on Thursday, October 19th. Stifel Nicolaus restated a buy rating and set a $92.00 price objective on shares of Arch Coal, Inc. Class A in a research report on Friday, October 13th. Finally, Zacks Investment Research upgraded shares of Arch Coal, Inc. Class A from a sell rating to a hold rating in a research report on Friday, October 13th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Arch Coal, Inc. Class A has an average rating of Buy and a consensus target price of $96.88.

Arch Coal, Inc. Class A (NYSE:ARCH) opened at $93.03 on Thursday. The company has a current ratio of 2.79, a quick ratio of 2.40 and a debt-to-equity ratio of 0.46. Arch Coal, Inc. Class A has a 12 month low of $60.13 and a 12 month 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, beating the consensus estimate of $1.58 by $0.96. The firm had revenue of $613.53 million during the quarter, compared to analyst estimates of $550.35 million. During the same quarter in the prior year, the firm earned ($1.43) earnings per share. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. analysts forecast that Arch Coal, Inc. Class A will post 9.23 EPS for the current fiscal year.

In other news, Director James N. Chapman sold 1,002 shares of the company’s stock in a transaction 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 completion of the sale, the director now owns 2,226 shares of the company’s stock, valued at $180,283.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Monarch Alternative Capital Lp sold 500,000 shares of the company’s stock in a transaction 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. 1.34% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in ARCH. Schwab Charles Investment Management Inc. grew its holdings in shares of Arch Coal, Inc. Class A by 59.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 99,624 shares of the energy company’s stock worth $6,805,000 after buying an additional 37,245 shares in the last quarter. Legal & General Group Plc purchased a new stake in shares of Arch Coal, Inc. Class A in the second quarter valued at about $342,000. Principal Financial Group Inc. grew its holdings in shares of Arch Coal, Inc. Class A by 2.8% in the second quarter. Principal Financial Group Inc. now owns 10,556 shares of the energy company’s stock valued at $721,000 after purchasing an additional 287 shares during the period. Swiss National Bank purchased a new stake in shares of Arch Coal, Inc. Class A in the second quarter valued at about $2,554,000. Finally, Wells Fargo & Company MN grew its holdings in shares of Arch Coal, Inc. Class A by 76.6% in the second quarter. Wells Fargo & Company MN now owns 37,126 shares of the energy company’s stock valued at $2,535,000 after purchasing an additional 16,102 shares during the period.

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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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