Arch Coal, Inc. Class A (ARCH) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research downgraded shares of Arch Coal, Inc. Class A (NYSE:ARCH) from a buy rating to a hold rating in a report published on Tuesday morning.

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. “

ARCH has been the subject of a number of other reports. FBR & Co set a $96.00 price target on shares of Arch Coal, Inc. Class A and gave the stock a buy rating in a research report on Wednesday, October 11th. Jefferies Group reiterated a buy rating on shares of Arch Coal, Inc. Class A in a research report on Thursday, September 21st. Stifel Nicolaus reiterated a buy rating and issued a $92.00 price target on shares of Arch Coal, Inc. Class A in a research report on Friday, October 13th. ValuEngine upgraded shares of Arch Coal, Inc. Class A from a hold rating to a buy rating in a research report on Friday, December 1st. Finally, B. Riley set a $95.00 price target on shares of Arch Coal, Inc. Class A and gave the stock a buy rating in a research report on Tuesday, November 14th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of Buy and an average target price of $94.75.

Arch Coal, Inc. Class A (NYSE:ARCH) traded up $1.11 on Tuesday, hitting $96.55. 288,366 shares of the company’s stock were exchanged, compared to its average volume of 295,389. Arch Coal, Inc. Class A has a fifty-two week low of $60.13 and a fifty-two week high of $96.99. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.79 and a quick ratio of 2.40.

Arch Coal, Inc. Class A (NYSE:ARCH) last posted its quarterly earnings results on Tuesday, October 31st. The energy company reported $2.54 earnings per share for the quarter, topping the Zacks’ consensus estimate 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. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($1.43) earnings per share. equities research analysts anticipate that Arch Coal, Inc. Class A will post 9.62 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.45%.

In related news, major shareholder Monarch Alternative Capital Lp sold 500,000 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $85.26, for a total transaction of $42,630,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James N. Chapman sold 1,002 shares of the company’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 transaction, the director now owns 2,226 shares of the company’s stock, valued at approximately $180,283.74. The disclosure for this sale can be found here. 1.34% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Arch Coal, Inc. Class A by 10.5% during the second quarter. Vanguard Group Inc. now owns 1,801,011 shares of the energy company’s stock worth $123,010,000 after acquiring an additional 171,751 shares during the last quarter. BlackRock Inc. boosted its position in shares of Arch Coal, Inc. Class A by 242.4% during the second quarter. BlackRock Inc. now owns 1,415,537 shares of the energy company’s stock worth $96,680,000 after acquiring an additional 1,002,176 shares during the last quarter. Davidson Kempner Capital Management LP boosted its position in shares of Arch Coal, Inc. Class A by 51.2% during the second quarter. Davidson Kempner Capital Management LP now owns 999,951 shares of the energy company’s stock worth $68,297,000 after acquiring an additional 338,500 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Arch Coal, Inc. Class A by 25.1% during the second quarter. Ameriprise Financial Inc. now owns 812,195 shares of the energy company’s stock valued at $55,674,000 after purchasing an additional 162,743 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in Arch Coal, Inc. Class A by 26.8% during the second quarter. Teachers Advisors LLC now owns 774,404 shares of the energy company’s stock valued at $52,892,000 after purchasing an additional 163,479 shares in 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.

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

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