Arch Coal, Inc. Class A (NYSE:ARCH) has been given an average recommendation of “Buy” by the eleven brokerages that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $93.00.

Several equities analysts have commented on ARCH shares. ValuEngine raised shares of Arch Coal, Inc. Class A from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research cut shares of Arch Coal, Inc. Class A from a “buy” rating to a “hold” rating in a research report on Monday, November 20th. B. Riley set a $95.00 price target on shares of Arch Coal, Inc. Class A and gave the stock a “buy” rating in a report on Tuesday, November 14th. FBR & Co reaffirmed a “buy” rating on shares of Arch Coal, Inc. Class A in a report on Tuesday, October 31st. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Arch Coal, Inc. Class A in a report on Thursday, October 19th.

In other news, major shareholder Monarch Alternative Capital Lp sold 500,000 shares of Arch Coal, Inc. Class A stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $85.26, for a total transaction of $42,630,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James N. Chapman sold 1,002 shares of Arch Coal, Inc. Class A stock in a transaction on Friday, November 24th. The stock was sold at an average price of $80.99, for a total transaction of $81,151.98. Following the sale, the director now directly owns 2,226 shares of the company’s stock, valued at $180,283.74. The disclosure for this sale can be found here. 1.34% of the stock is owned by insiders.

Several large investors have recently modified their holdings of ARCH. Leucadia National Corp purchased a new position in shares of Arch Coal, Inc. Class A during the second quarter valued at about $526,000. BlackRock Inc. increased its position in shares of 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 valued at $96,680,000 after buying an additional 1,002,176 shares during the period. JPMorgan Chase & Co. increased its position in shares of 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 valued at $15,588,000 after buying an additional 226,341 shares during the period. Bank of New York Mellon Corp increased its position in shares of 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 valued at $67,989,000 after buying an additional 22,752 shares during the period. Finally, Contrarius Investment Management Ltd increased its position in shares of Arch Coal, Inc. Class A by 35.9% during the second quarter. Contrarius Investment Management Ltd now owns 789,130 shares of the energy company’s stock valued at $53,898,000 after buying an additional 208,487 shares during the period. 37.04% of the stock is owned by hedge funds and other institutional investors.

Shares of Arch Coal, Inc. Class A (NYSE ARCH) opened at $91.13 on Monday. The company has a current ratio of 2.79, a quick ratio of 2.40 and a debt-to-equity ratio of 0.46. Arch Coal, Inc. Class A has a 12 month low of $60.13 and a 12 month high of $91.33.

Arch Coal, Inc. Class A (NYSE:ARCH) last issued its earnings results on Tuesday, October 31st. The energy company reported $2.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.58 by $0.96. The firm had revenue of $613.53 million during the quarter, compared to analyst estimates of $550.35 million. The business’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.43) earnings per share. research analysts predict that Arch Coal, Inc. Class A will post 9.62 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were paid a $0.35 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $1.40 dividend on an annualized basis and a yield of 1.54%.

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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 (NYSE:ARCH)

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