B. Riley Reiterates “Buy” Rating for Arch Coal, Inc. Class A (ARCH)
Arch Coal, Inc. Class A (NASDAQ:ARCH)‘s stock had its “buy” rating reaffirmed by stock analysts at B. Riley in a note issued to investors on Wednesday.
Several other research firms have also issued reports on ARCH. Clarkson Capital reissued a “buy” rating on shares of Arch Coal, Inc. Class A in a research note on Thursday, July 27th. MKM Partners reissued a “buy” rating and set a $104.00 target price on shares of Arch Coal, Inc. Class A in a research note on Tuesday, September 12th. FBR & Co reissued a “buy” rating on shares of Arch Coal, Inc. Class A in a research note on Tuesday. Jefferies Group LLC reissued a “buy” rating and set a $90.00 target price on shares of Arch Coal, Inc. Class A in a research note on Friday, July 7th. Finally, Stifel Nicolaus restated a “buy” rating and set a $92.00 price target on shares of Arch Coal, Inc. Class A in a research report on Friday, July 21st. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Arch Coal, Inc. Class A presently has an average rating of “Buy” and an average target price of $93.00.
Arch Coal, Inc. Class A (ARCH) traded up $0.43 during mid-day trading on Wednesday, hitting $79.38. 349,474 shares of the stock traded hands.
Arch Coal, Inc. Class A (NASDAQ:ARCH) last posted its earnings results on Tuesday, October 31st. The energy company reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.96. The firm had revenue of $613.53 million for the quarter, compared to analysts’ expectations of $550.35 million. During the same period in the previous year, the company earned ($1.43) earnings per share. The company’s revenue was up 11.5% compared to the same quarter last year.
TRADEMARK VIOLATION WARNING: This news story was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another website, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this news story can be viewed at https://www.watchlistnews.com/b-riley-reiterates-buy-rating-for-arch-coal-inc-class-a-arch/1678608.html.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Arch Coal, Inc. Class A during the 2nd quarter worth about $104,000. Royal Bank of Canada raised its holdings in Arch Coal, Inc. Class A by 140.6% in the 2nd quarter. Royal Bank of Canada now owns 1,655 shares of the energy company’s stock valued at $113,000 after acquiring an additional 967 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Arch Coal, Inc. Class A in the 2nd quarter valued at about $131,000. New York State Teachers Retirement System acquired a new stake in Arch Coal, Inc. Class A in the 3rd quarter valued at about $136,000. Finally, Meeder Asset Management Inc. acquired a new stake in Arch Coal, Inc. Class A in the 3rd quarter valued at about $155,000.
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.
Receive News & Ratings for Arch Coal Inc. Class A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Coal Inc. Class A and related companies with Analyst Ratings Network's FREE daily email newsletter.