Arch Coal, Inc. Class A (NYSE:ARCH) has earned a consensus rating of “Buy” from the eleven analysts that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $102.00.
Several research firms have recently weighed in on ARCH. JPMorgan Chase & Co. upped their price target on shares of Arch Coal, Inc. Class A from $90.00 to $94.00 and gave the stock a “hold” rating in a report on Thursday. Jefferies Group set a $120.00 target price on Arch Coal, Inc. Class A and gave the company a “buy” rating in a research note on Tuesday, February 13th. Zacks Investment Research raised Arch Coal, Inc. Class A from a “hold” rating to a “buy” rating and set a $104.00 target price on the stock in a research note on Monday, January 29th. FBR & Co reissued a “buy” rating on shares of Arch Coal, Inc. Class A in a research note on Tuesday, October 31st. Finally, ValuEngine raised Arch Coal, Inc. Class A from a “hold” rating to a “buy” rating in a research note on Friday, December 1st.
In other Arch Coal, Inc. Class A news, Director James N. Chapman sold 1,002 shares of the company’s stock in a transaction dated 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 directly owns 2,226 shares in the company, valued at $180,283.74. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Monarch Alternative Capital Lp sold 500,000 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were 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.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its position in Arch Coal, Inc. Class A by 140.6% during the second quarter. Royal Bank of Canada now owns 1,655 shares of the energy company’s stock valued at $113,000 after buying an additional 967 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in Arch Coal, Inc. Class A during the second quarter valued at about $131,000. New York State Teachers Retirement System purchased a new stake in Arch Coal, Inc. Class A during the third quarter valued at about $136,000. Meeder Asset Management Inc. purchased a new stake in Arch Coal, Inc. Class A during the third quarter valued at about $155,000. Finally, B. Riley Financial Inc. purchased a new stake in Arch Coal, Inc. Class A during the third quarter valued at about $215,000.
Arch Coal, Inc. Class A (NYSE:ARCH) traded down $1.70 during trading on Tuesday, hitting $92.47. 470,514 shares of the stock traded hands, compared to its average volume of 378,613. Arch Coal, Inc. Class A has a 52-week low of $60.13 and a 52-week high of $99.53. 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 (NYSE:ARCH) last released its quarterly earnings results on Tuesday, February 13th. The energy company reported $4.12 earnings per share for the quarter, topping the consensus estimate of $2.32 by $1.80. The firm had revenue of $560.20 million during the quarter, compared to the consensus estimate of $574.83 million. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.65 EPS. sell-side analysts anticipate that Arch Coal, Inc. Class A will post 11.49 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Monday, March 5th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Friday, March 2nd. This is a boost from Arch Coal, Inc. Class A’s previous quarterly dividend of $0.35.
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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.
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