Arch Coal, Inc. Class A (NASDAQ:ARCH)‘s stock had its “buy” rating restated by stock analysts at Jefferies Group LLC in a report released on Thursday. Jefferies Group also issued estimates for Arch Coal, Inc. Class A’s FY2019 earnings at $6.44 EPS.

Several other brokerages have also recently weighed in on ARCH. Clarkson Capital reissued a “buy” rating on shares of Arch Coal, Inc. Class A in a research note on Thursday, July 27th. Stifel Nicolaus reaffirmed a “buy” rating and set a $92.00 price target on shares of Arch Coal, Inc. Class A in a research report on Friday, June 23rd. MKM Partners reaffirmed a “buy” rating and set a $104.00 price target on shares of Arch Coal, Inc. Class A in a research report on Tuesday, September 12th. FBR & Co reaffirmed a “buy” rating on shares of Arch Coal, Inc. Class A in a research report on Tuesday, September 19th. Finally, J P Morgan Chase & Co raised shares of Arch Coal, Inc. Class A from a “neutral” rating to an “overweight” rating and upped their price target for the company from $80.00 to $90.00 in a research report on Thursday, August 31st. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Arch Coal, Inc. Class A has an average rating of “Buy” and a consensus target price of $93.00.

Shares of Arch Coal, Inc. Class A (NASDAQ:ARCH) opened at 75.43 on Thursday. Arch Coal, Inc. Class A has a 52 week low of $60.13 and a 52 week high of $86.47. The company’s 50-day moving average price is $73.64 and its 200 day moving average price is $72.53. The firm has a market cap of $1.83 billion and a P/E ratio of 1.05.

Arch Coal, Inc. Class A (NASDAQ:ARCH) last issued its quarterly earnings data on Thursday, July 27th. The energy company reported $1.85 earnings per share for the quarter, missing the consensus estimate of $1.92 by ($0.07). The company had revenue of $549.87 million for the quarter, compared to the consensus estimate of $596.76 million. The company’s revenue was up 30.8% on a year-over-year basis. On average, equities analysts anticipate that Arch Coal, Inc. Class A will post $8.94 earnings per share for the current year.

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A number of institutional investors and hedge funds have recently modified their holdings of the business. Skylands Capital LLC boosted its position in Arch Coal, Inc. Class A by 10.4% during the third quarter. Skylands Capital LLC now owns 297,300 shares of the energy company’s stock valued at $21,328,000 after acquiring an additional 28,050 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Arch Coal, Inc. Class A during the third quarter valued at about $155,000. Davidson Kempner Capital Management LP raised its holdings 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 valued at $68,297,000 after purchasing an additional 338,500 shares during the period. Ameritas Investment Partners Inc. acquired a new position in shares of Arch Coal, Inc. Class A during the second quarter valued at about $131,000. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Arch Coal, Inc. Class A by 2,415.5% during the second quarter. The Manufacturers Life Insurance Company now owns 16,753 shares of the energy company’s stock valued at $1,144,000 after purchasing an additional 16,087 shares during the period.

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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