Arch Coal, Inc. Class A (NASDAQ:ARCH)‘s stock had its “buy” rating restated by equities research analysts at MKM Partners in a research report issued to clients and investors on Tuesday. They currently have a $104.00 price target on the energy company’s stock. MKM Partners’ target price indicates a potential upside of 36.77% from the stock’s current price.

A number of other equities research analysts also recently weighed in on ARCH. FBR & Co raised their price target on Arch Coal, Inc. Class A from $103.00 to $105.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. Stifel Nicolaus decreased their price objective on Arch Coal, Inc. Class A from $96.00 to $92.00 and set a “buy” rating on the stock in a report on Friday, May 19th. Jefferies Group LLC set a $90.00 price objective on Arch Coal, Inc. Class A and gave the stock a “buy” rating in a report on Thursday, June 1st. Seaport Global Securities reiterated a “buy” rating on shares of Arch Coal, Inc. Class A in a report on Thursday, July 27th. Finally, Clarkson Capital reiterated a “buy” rating on shares of Arch Coal, Inc. Class A in a report on Thursday, July 27th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Arch Coal, Inc. Class A presently has a consensus rating of “Buy” and an average price target of $92.38.

Arch Coal, Inc. Class A (NASDAQ ARCH) opened at 76.04 on Tuesday. Arch Coal, Inc. Class A has a one year low of $0.04 and a one year high of $86.47. The firm has a 50-day moving average price of $75.25 and a 200-day moving average price of $73.25. The firm has a market cap of $1.85 billion and a PE ratio of 1.06.

Arch Coal, Inc. Class A (NASDAQ:ARCH) last released its quarterly earnings results on Thursday, July 27th. The energy company reported $1.85 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.92 by ($0.07). The business had revenue of $549.87 million during the quarter, compared to analyst estimates of $596.76 million. The company’s quarterly revenue was up 30.8% on a year-over-year basis. On average, equities analysts expect that Arch Coal, Inc. Class A will post $9.04 EPS for the current fiscal year.

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Institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Arch Coal, Inc. Class A during the 2nd quarter valued at approximately $104,000. Royal Bank of Canada boosted its position in Arch Coal, Inc. Class A by 140.6% during 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 in the last quarter. Ameritas Investment Partners Inc. bought a new stake in Arch Coal, Inc. Class A during the 2nd quarter valued at approximately $131,000. Great West Life Assurance Co. Can bought a new stake in Arch Coal, Inc. Class A during the 2nd quarter valued at approximately $164,000. Finally, FNY Partners Fund LP boosted its position in Arch Coal, Inc. Class A by 150.0% during the 1st quarter. FNY Partners Fund LP now owns 2,500 shares of the energy company’s stock valued at $172,000 after acquiring an additional 1,500 shares in the last quarter.

Arch Coal, Inc. Class A Company Profile

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 (NASDAQ:ARCH)

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