BMO Capital Markets Initiates Coverage on Arch Coal (ARCH)

Equities research analysts at BMO Capital Markets started coverage on shares of Arch Coal (NYSE:ARCH) in a research report issued to clients and investors on Friday, Marketbeat.com reports. The brokerage set a “market perform” rating and a $95.00 price target on the energy company’s stock. BMO Capital Markets’ target price points to a potential upside of 16.89% from the company’s previous close.

A number of other research firms have also recently commented on ARCH. B. Riley lifted their price target on shares of Arch Coal from $96.00 to $106.00 and gave the stock a “buy” rating in a report on Wednesday, September 19th. ValuEngine cut shares of Arch Coal from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Zacks Investment Research cut shares of Arch Coal from a “buy” rating to a “hold” rating in a report on Monday, October 8th. MKM Partners set a $126.00 price target on shares of Arch Coal and gave the stock a “buy” rating in a report on Thursday, November 8th. Finally, Macquarie set a $101.00 price target on shares of Arch Coal and gave the stock a “hold” rating in a report on Wednesday, October 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Arch Coal has a consensus rating of “Hold” and a consensus price target of $104.67.

Arch Coal stock opened at $81.27 on Friday. Arch Coal has a 52 week low of $75.09 and a 52 week high of $102.61. The company has a current ratio of 2.62, a quick ratio of 2.13 and a debt-to-equity ratio of 0.44. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 5.19 and a beta of -0.11.

Arch Coal (NYSE:ARCH) last posted its earnings results on Tuesday, October 23rd. The energy company reported $6.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.02 by $3.31. The firm had revenue of $633.20 million for the quarter, compared to analysts’ expectations of $562.34 million. Arch Coal had a net margin of 13.03% and a return on equity of 49.50%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.54 EPS. As a group, sell-side analysts expect that Arch Coal will post 15.05 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the stock. James Investment Research Inc. grew its stake in Arch Coal by 2.3% in the 3rd quarter. James Investment Research Inc. now owns 24,690 shares of the energy company’s stock valued at $2,207,000 after buying an additional 545 shares in the last quarter. Vident Investment Advisory LLC grew its stake in Arch Coal by 1.5% in the 2nd quarter. Vident Investment Advisory LLC now owns 38,080 shares of the energy company’s stock valued at $2,987,000 after buying an additional 570 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its stake in Arch Coal by 3.7% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 29,708 shares of the energy company’s stock valued at $2,330,000 after buying an additional 1,050 shares in the last quarter. Wells Fargo & Company MN grew its stake in Arch Coal by 3.6% in the 3rd quarter. Wells Fargo & Company MN now owns 29,990 shares of the energy company’s stock valued at $2,681,000 after buying an additional 1,056 shares in the last quarter. Finally, Prudential Financial Inc. grew its stake in Arch Coal by 1.6% in the 3rd quarter. Prudential Financial Inc. now owns 68,114 shares of the energy company’s stock valued at $6,089,000 after buying an additional 1,072 shares in the last quarter. Institutional investors and hedge funds own 57.13% of the company’s stock.

Arch Coal Company Profile

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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