Arch Coal (ARCH) Lowered to Hold at ValuEngine

Arch Coal (NYSE:ARCH) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

Several other equities research analysts have also recently commented on ARCH. Zacks Investment Research cut Arch Coal from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 20th. Jefferies Group set a $120.00 target price on Arch Coal and gave the company a “buy” rating in a research note on Tuesday, February 13th. Stifel Nicolaus set a $109.00 target price on Arch Coal and gave the company a “buy” rating in a research note on Tuesday, January 16th. Finally, JPMorgan Chase boosted their target price on Arch Coal from $90.00 to $94.00 and gave the company a “hold” rating in a research note on Thursday, February 15th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $101.25.

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Shares of NYSE:ARCH traded down $0.31 during trading on Monday, hitting $91.57. 246,200 shares of the company’s stock traded hands, compared to its average volume of 330,119. Arch Coal has a 52 week low of $60.13 and a 52 week high of $101.84. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.49 and a quick ratio of 2.10. The stock has a market capitalization of $1,928.27, a PE ratio of 8.06 and a beta of -0.13.

Arch Coal (NYSE:ARCH) last released its earnings results on Tuesday, February 13th. The energy company reported $4.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.32 by $1.80. The firm had revenue of $560.20 million during the quarter, compared to the consensus estimate of $574.83 million. The company’s revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.65 EPS. research analysts expect that Arch Coal will post 12.71 earnings per share for the current year.

Several large investors have recently bought and sold shares of ARCH. Envestnet Asset Management Inc. increased its position in shares of Arch Coal by 100.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,449 shares of the energy company’s stock worth $135,000 after purchasing an additional 725 shares during the last quarter. B. Riley Financial Inc. acquired a new position in shares of Arch Coal during the 3rd quarter worth approximately $215,000. Ontario Teachers Pension Plan Board acquired a new position in shares of Arch Coal during the 4th quarter worth approximately $217,000. Jefferies Group LLC acquired a new position in shares of Arch Coal during the 4th quarter worth approximately $224,000. Finally, Amalgamated Bank acquired a new position in shares of Arch Coal during the 4th quarter worth approximately $226,000. 86.07% of the stock is currently owned by hedge funds and other institutional investors.

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About Arch Coal

Arch Coal, Inc produces and sells thermal and metallurgical coal from surface and underground mines. As of December 31, 2017, the company operated 9 active mines located in Wyoming, West Virginia, Kentucky, Virginia, Colorado, and Illinois. It also owned or controlled, primarily through long-term leases, approximately 28,292 acres of coal land in Ohio; 1,060 acres of coal land in Maryland; 10,108 acres of coal land in Virginia; 359,160 acres of coal land in West Virginia; 98,488 acres of coal land in Wyoming; 267,857 acres of coal land in Illinois; 34,446 acres of coal land in Kentucky; 9,840 acres of coal land in Montana; 21,802 acres of coal land in New Mexico; 358 acres of coal land in Pennsylvania; and 20,165 acres of coal land in Colorado, as well as owned or controlled through long-term leases smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas.

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Analyst Recommendations for Arch Coal (NYSE:ARCH)

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