Arch Coal, Inc. Class A (NASDAQ:ARCH) received a $95.00 target price from investment analysts at B. Riley in a research report issued to clients and investors on Tuesday. The brokerage presently has a “buy” rating on the energy company’s stock. B. Riley’s target price suggests a potential upside of 20.48% from the stock’s previous close.

ARCH has been the subject of several other research reports. FBR & Co set a $96.00 price objective on Arch Coal, Inc. Class A and gave the company a “buy” rating in a report on Wednesday, October 11th. Macquarie started coverage on shares of Arch Coal, Inc. Class A in a research note on Thursday, September 7th. They issued a “neutral” rating and a $84.00 target price for the company. Zacks Investment Research upgraded shares of Arch Coal, Inc. Class A from a “sell” rating to a “hold” rating in a research note on Friday, October 13th. Stifel Nicolaus set a $92.00 target price on shares of Arch Coal, Inc. Class A and gave the company a “buy” rating in a research note on Friday, August 25th. Finally, Jefferies Group LLC reiterated a “buy” rating on shares of Arch Coal, Inc. Class A in a research note on Thursday, September 21st. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $93.00.

Arch Coal, Inc. Class A (NASDAQ:ARCH) opened at $78.85 on Tuesday. Arch Coal, Inc. Class A has a 1-year low of $60.13 and a 1-year high of $86.47.

Arch Coal, Inc. Class A (NASDAQ:ARCH) last announced its quarterly earnings data on Tuesday, October 31st. The energy company reported $2.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.58 by $0.96. The company had revenue of $613.53 million during the quarter, compared to the consensus estimate of $550.35 million. Arch Coal, Inc. Class A’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($1.43) EPS.

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Hedge funds have recently modified their holdings of the business. Leucadia National Corp acquired a new stake in Arch Coal, Inc. Class A during the second quarter worth approximately $526,000. BlackRock Inc. lifted its position in Arch Coal, Inc. Class A by 242.4% during the second quarter. BlackRock Inc. now owns 1,415,537 shares of the energy company’s stock worth $96,680,000 after acquiring an additional 1,002,176 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Arch Coal, Inc. Class A by 11,912.7% during the second quarter. JPMorgan Chase & Co. now owns 228,241 shares of the energy company’s stock worth $15,588,000 after acquiring an additional 226,341 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Arch Coal, Inc. Class A by 2.3% during the second quarter. Bank of New York Mellon Corp now owns 995,469 shares of the energy company’s stock worth $67,989,000 after acquiring an additional 22,752 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Arch Coal, Inc. Class A by 6.1% during the first quarter. Vanguard Group Inc. now owns 1,629,260 shares of the energy company’s stock worth $112,321,000 after acquiring an additional 94,240 shares during the last quarter.

About Arch Coal, Inc. Class A

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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