Arch Coal, Inc. Class A (NYSE:ARCH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “Arch Coal, Inc. is a natural resource company. It produces metallurgical and thermal coal, used to manufacture steel and generate electricity. The company operates primarily in Alabama, Indiana, Washington, Arkansas, California, Utah and Texas. Arch Coal, Inc. is headquartered in St. Louis, Missouri. “

Other 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 report on Tuesday, October 31st. MKM Partners restated a “buy” rating and issued a $104.00 price target on shares of Arch Coal, Inc. Class A in a report on Tuesday, September 12th. ValuEngine upgraded shares of Arch Coal, Inc. Class A from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Jefferies Group restated a “buy” rating on shares of Arch Coal, Inc. Class A in a report on Thursday, October 19th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $92.00 price target on shares of Arch Coal, Inc. Class A in a report on Friday, October 13th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $94.75.

Arch Coal, Inc. Class A (NYSE ARCH) traded up $1.11 during trading hours on Tuesday, hitting $96.55. 288,366 shares of the stock were exchanged, compared to its average volume of 295,389. Arch Coal, Inc. Class A has a twelve month low of $60.13 and a twelve month high of $96.99. 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, October 31st. The energy company reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.96. The firm had revenue of $613.53 million during the quarter, compared to the consensus estimate of $550.35 million. During the same quarter in the prior year, the business posted ($1.43) earnings per share. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. equities research analysts forecast that Arch Coal, Inc. Class A will post 9.62 EPS for the current year.

In related news, major shareholder Monarch Alternative Capital Lp sold 500,000 shares of Arch Coal, Inc. Class A stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $85.26, for a total value of $42,630,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James N. Chapman sold 1,002 shares of Arch Coal, Inc. Class A stock in a transaction that occurred on Friday, November 24th. The stock was 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 disclosure for this sale can be found here. 1.34% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of ARCH. Great West Life Assurance Co. Can purchased a new position in Arch Coal, Inc. Class A during the 2nd quarter worth approximately $164,000. Schwab Charles Investment Management Inc. raised its position in Arch Coal, Inc. Class A by 59.7% during the 2nd 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 during the last quarter. Rhumbline Advisers purchased a new position in Arch Coal, Inc. Class A during the 2nd quarter worth approximately $1,874,000. Legal & General Group Plc purchased a new position in Arch Coal, Inc. Class A during the 2nd quarter worth approximately $342,000. Finally, BNP Paribas Arbitrage SA raised its position in Arch Coal, Inc. Class A by 702.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,649 shares of the energy company’s stock worth $181,000 after buying an additional 2,319 shares during the last quarter.

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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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Analyst Recommendations for Arch Coal, Inc. Class A (NYSE:ARCH)

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