Q3 2016 EPS Estimates for Arch Coal Boosted by Analyst (ARCH)
Arch Coal (NASDAQ:ARCH) – Equities researchers at FBR & Co upped their Q3 2016 earnings estimates for Arch Coal in a research report issued on Thursday. FBR & Co analyst L. Pipes now expects that the firm will post earnings per share of $0.32 for the quarter, up from their prior estimate of $0.28. FBR & Co currently has a “Outperform” rating and a $71.00 price objective on the stock.
Separately, Stifel Nicolaus began coverage on Arch Coal in a research report on Monday. They issued a “buy” rating and a $81.00 price objective for the company.
Shares of Arch Coal (NASDAQ:ARCH) traded up 1.08% during mid-day trading on Friday, reaching $67.69. The company had a trading volume of 401,476 shares. Arch Coal has a 12-month low of $0.04 and a 12-month high of $70.00. The firm’s 50 day moving average is $13.19 and its 200-day moving average is $3.59.
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