Arch Coal (ARCH) Given a $95.00 Price Target at B. Riley

Arch Coal (NYSE:ARCH) has been assigned a $95.00 price target by analysts at B. Riley in a report released on Tuesday, November 14th. The firm presently has a “buy” rating on the energy company’s stock. B. Riley’s target price indicates a potential upside of 12.75% from the company’s previous close.

Several other research firms also recently issued reports on ARCH. Macquarie assumed coverage on Arch Coal in a report on Thursday, September 7th. They set a “neutral” rating and a $84.00 price objective on the stock. MKM Partners reiterated a “buy” rating and issued a $98.00 price target (up from $93.00) on shares of Arch Coal in a report on Thursday, August 24th. Clarkson Capital reiterated a “buy” rating on shares of Arch Coal in a report on Thursday, July 27th. Stifel Nicolaus set a $92.00 price target on Arch Coal and gave the company a “buy” rating in a report on Friday, August 25th. Finally, J P Morgan Chase & Co upgraded Arch Coal from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $80.00 to $90.00 in a report on Thursday, August 31st. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $93.00.

Arch Coal (NYSE ARCH) traded up $1.70 during midday trading on Tuesday, hitting $84.26. The stock had a trading volume of 370,354 shares, compared to its average volume of 273,249. 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 has a fifty-two week low of $60.13 and a fifty-two week high of $86.36.

Arch Coal (NYSE:ARCH) last announced its earnings results on Tuesday, October 31st. The energy company reported $2.54 EPS for the quarter, beating the consensus estimate of $1.58 by $0.96. The company had revenue of $613.53 million for the quarter, compared to analysts’ expectations of $550.35 million. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.43) earnings per share. sell-side analysts expect that Arch Coal will post 9.62 EPS for the current fiscal year.

In other Arch Coal news, Director James N. Chapman sold 1,002 shares of the business’s stock in a transaction 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 transaction, the director now owns 2,226 shares in the company, valued at approximately $180,283.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.34% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. TIAA CREF Investment Management LLC raised its position in shares of Arch Coal by 198.2% during the first quarter. TIAA CREF Investment Management LLC now owns 82,010 shares of the energy company’s stock worth $5,654,000 after purchasing an additional 54,510 shares during the period. Vanguard Group Inc. raised its position in shares of Arch Coal by 6.1% during the first quarter. Vanguard Group Inc. now owns 1,629,260 shares of the energy company’s stock worth $112,321,000 after purchasing an additional 94,240 shares during the period. Geode Capital Management LLC raised its position in shares of Arch Coal by 3.0% during the first quarter. Geode Capital Management LLC now owns 144,246 shares of the energy company’s stock worth $9,944,000 after purchasing an additional 4,249 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Arch Coal by 9.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 62,379 shares of the energy company’s stock worth $4,301,000 after purchasing an additional 5,289 shares during the period. Finally, Bank of America Corp DE raised its position in shares of Arch Coal by 3.3% during the first quarter. Bank of America Corp DE now owns 11,478 shares of the energy company’s stock worth $792,000 after purchasing an additional 370 shares during the period.

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About Arch Coal

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.

Analyst Recommendations for Arch Coal (NYSE:ARCH)

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