Analysts Issue Forecasts for Arch Coal’s Q3 2016 Earnings (ARCH)
Arch Coal (NASDAQ:ARCH) – Investment analysts at FBR & Co issued their Q3 2016 earnings per share estimates for shares of Arch Coal in a research report issued on Wednesday. FBR & Co analyst L. Pipes forecasts that the brokerage will post earnings per share of $0.28 for the quarter. FBR & Co currently has a “Outperform” rating and a $71.00 target price on the stock. FBR & Co also issued estimates for Arch Coal’s Q4 2016 earnings at ($0.35) EPS, FY2017 earnings at $0.25 EPS and FY2018 earnings at $0.66 EPS.
Separately, Stifel Nicolaus started coverage on Arch Coal in a research note on Monday. They set a “buy” rating and a $81.00 price target on the stock.
Shares of Arch Coal (NASDAQ:ARCH) opened at 66.49 on Monday. Arch Coal has a 52 week low of $0.04 and a 52 week high of $70.00. The company has a 50 day moving average price of $9.36 and a 200 day moving average price of $2.66.
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