Shares of Arch Coal, Inc. Class A (NYSE:ARCH) have received a consensus rating of “Buy” from the eleven analysts that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $102.00.
Several brokerages have recently commented on ARCH. Zacks Investment Research raised Arch Coal, Inc. Class A from a “hold” rating to a “strong-buy” rating and set a $108.00 price objective for the company in a report on Friday, February 16th. ValuEngine raised Arch Coal, Inc. Class A from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 28th. JPMorgan Chase & Co. boosted their price objective on Arch Coal, Inc. Class A from $90.00 to $94.00 and gave the stock a “hold” rating in a report on Thursday, February 15th. Stifel Nicolaus set a $109.00 target price on Arch Coal, Inc. Class A and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Finally, B. Riley set a $95.00 target price on Arch Coal, Inc. Class A and gave the stock a “buy” rating in a research note on Tuesday, November 14th.
In other Arch Coal, Inc. Class A news, major shareholder Monarch Alternative Capital Lp sold 500,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $85.26, for a total value of $42,630,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.34% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its position in Arch Coal, Inc. Class A by 3.2% in the fourth quarter. Bank of New York Mellon Corp now owns 873,834 shares of the energy company’s stock valued at $81,406,000 after purchasing an additional 26,771 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in Arch Coal, Inc. Class A in the third quarter valued at approximately $35,030,000. Goldman Sachs Group Inc. lifted its position in Arch Coal, Inc. Class A by 2.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 339,115 shares of the energy company’s stock valued at $31,592,000 after purchasing an additional 7,170 shares during the last quarter. Renaissance Technologies LLC lifted its position in Arch Coal, Inc. Class A by 4,086.5% in the fourth quarter. Renaissance Technologies LLC now owns 217,700 shares of the energy company’s stock valued at $20,281,000 after purchasing an additional 212,500 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Arch Coal, Inc. Class A by 281.6% in the third quarter. Russell Investments Group Ltd. now owns 138,956 shares of the energy company’s stock valued at $9,969,000 after purchasing an additional 102,544 shares during the last quarter. Hedge funds and other institutional investors own 59.74% of the company’s stock.
Arch Coal, Inc. Class A (ARCH) opened at $93.71 on Friday. Arch Coal, Inc. Class A has a twelve month low of $60.13 and a twelve month high of $101.84. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.10 and a current ratio of 2.49.
Arch Coal, Inc. Class A (NYSE:ARCH) last issued its quarterly earnings data on Tuesday, February 13th. The energy company reported $4.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.32 by $1.80. The business had revenue of $560.20 million for the quarter, compared to analysts’ expectations of $574.83 million. During the same period in the previous year, the firm posted $1.65 EPS. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. research analysts anticipate that Arch Coal, Inc. Class A will post 11.95 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Monday, March 5th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $1.60 annualized dividend and a yield of 1.71%. This is a positive change from Arch Coal, Inc. Class A’s previous quarterly dividend of $0.35.
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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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