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

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Arch Coal from a “hold” rating to a “buy” rating and set a $104.00 price objective for the company in a research report on Tuesday. TheStreet upgraded shares of Arch Coal from a “c” rating to a “b-” rating in a research report on Thursday, October 4th. B. Riley increased their price objective on shares of Arch Coal from $96.00 to $106.00 and gave the stock a “buy” rating in a research report on Wednesday, September 19th. Seaport Global Securities reiterated a “buy” rating on shares of Arch Coal in a research report on Tuesday, July 31st. Finally, Stifel Nicolaus began coverage on shares of Arch Coal in a research report on Wednesday, June 27th. They set a “hold” rating and a $83.00 price objective for the company. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $103.57.

Shares of NYSE ARCH opened at $90.78 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.53 and a debt-to-equity ratio of 0.48. Arch Coal has a 52-week low of $68.95 and a 52-week high of $102.61. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 7.99 and a beta of 0.34.

Arch Coal (NYSE:ARCH) last announced its quarterly earnings results on Tuesday, July 31st. The energy company reported $2.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.95 by $0.31. Arch Coal had a net margin of 10.80% and a return on equity of 39.79%. The firm had revenue of $592.30 million during the quarter, compared to analysts’ expectations of $525.37 million. During the same period in the prior year, the company posted $1.85 EPS. The company’s revenue was up 7.8% on a year-over-year basis. As a group, research analysts expect that Arch Coal will post 10.8 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC acquired a new stake in shares of Arch Coal during the second quarter worth $105,000. Trilogy Capital Inc. acquired a new stake in shares of Arch Coal during the second quarter worth $173,000. Jane Street Group LLC acquired a new stake in shares of Arch Coal during the second quarter worth $237,000. Sei Investments Co. increased its position in shares of Arch Coal by 3,230.4% during the first quarter. Sei Investments Co. now owns 2,631 shares of the energy company’s stock worth $242,000 after buying an additional 2,552 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Arch Coal in the first quarter worth $245,000. Institutional investors own 41.05% of the company’s stock.

Arch Coal Company Profile

Arch Coal, Inc produces and sells thermal and metallurgical coal from surface and underground mines. As of December 31, 2017, the company operated 9 active mines located in Wyoming, West Virginia, Kentucky, Virginia, Colorado, and Illinois. It also owned or controlled, primarily through long-term leases, approximately 28,292 acres of coal land in Ohio; 1,060 acres of coal land in Maryland; 10,108 acres of coal land in Virginia; 359,160 acres of coal land in West Virginia; 98,488 acres of coal land in Wyoming; 267,857 acres of coal land in Illinois; 34,446 acres of coal land in Kentucky; 9,840 acres of coal land in Montana; 21,802 acres of coal land in New Mexico; 358 acres of coal land in Pennsylvania; and 20,165 acres of coal land in Colorado, as well as owned or controlled through long-term leases smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas.

See Also: Intrinsic Value

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Analyst Recommendations for Arch Coal (NYSE:ARCH)

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