Arch Coal, Inc. Class A (NASDAQ:ARCH) was upgraded by J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating in a report released on Thursday. The brokerage presently has a $90.00 target price on the energy company’s stock, up from their previous target price of $80.00. J P Morgan Chase & Co’s price objective indicates a potential upside of 12.35% from the company’s current price.

A number of other analysts have also commented on ARCH. Clarkson Capital reissued a “buy” rating on shares of Arch Coal, Inc. Class A in a report on Thursday, July 27th. 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 Friday, August 18th. Stifel Nicolaus set a $92.00 price objective on Arch Coal, Inc. Class A and gave the stock a “buy” rating in a report on Friday, August 25th. MKM Partners reissued a “buy” rating and set a $98.00 price objective (up from $93.00) on shares of Arch Coal, Inc. Class A in a report on Thursday, August 24th. Finally, Seaport Global Securities reissued a “buy” rating on shares of Arch Coal, Inc. Class A in a report on Thursday, July 27th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $92.71.

Shares of Arch Coal, Inc. Class A (NASDAQ ARCH) opened at 80.11 on Thursday. The firm has a 50 day moving average price of $75.84 and a 200 day moving average price of $71.54. The company has a market capitalization of $1.95 billion and a P/E ratio of 1.12. Arch Coal, Inc. Class A has a one year low of $59.05 and a one year high of $86.47.

Arch Coal, Inc. Class A (NASDAQ:ARCH) last issued its quarterly earnings data on Thursday, July 27th. The energy company reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $1.92 by $0.07. The business had revenue of $549.87 million during the quarter, compared to analysts’ expectations of $596.76 million. Arch Coal, Inc. Class A’s revenue for the quarter was up 30.8% compared to the same quarter last year. On average, equities research analysts predict that Arch Coal, Inc. Class A will post $9.26 EPS for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. raised its position in Arch Coal, Inc. Class A by 2.8% in the second quarter. Principal Financial Group Inc. now owns 10,556 shares of the energy company’s stock valued at $721,000 after buying an additional 287 shares in the last quarter. Parkwood LLC raised its position in Arch Coal, Inc. Class A by 8.3% in the second quarter. Parkwood LLC now owns 4,680 shares of the energy company’s stock valued at $320,000 after buying an additional 360 shares in the last quarter. Bank of America Corp DE raised its position in Arch Coal, Inc. Class A by 3.3% in the first quarter. Bank of America Corp DE now owns 11,478 shares of the energy company’s stock valued at $792,000 after buying an additional 370 shares in the last quarter. Royal Bank of Canada raised its position in Arch Coal, Inc. Class A by 140.6% in the second quarter. Royal Bank of Canada now owns 1,655 shares of the energy company’s stock valued at $113,000 after buying an additional 967 shares in the last quarter. Finally, FNY Partners Fund LP raised its position in Arch Coal, Inc. Class A by 150.0% in the first quarter. FNY Partners Fund LP now owns 2,500 shares of the energy company’s stock valued at $172,000 after buying 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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