Arch Coal (ARCH) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research downgraded shares of Arch Coal (NYSE:ARCH) from a strong-buy rating to a hold rating in a research report report published on Tuesday.

According to Zacks, “Arch Coal, Inc. is a natural resource company. It produces metallurgical and thermal coal, used to manufacture steel and generate electricity. The company operates primarily in Alabama, Indiana, Washington, Arkansas, California, Utah and Texas. Arch Coal, Inc. is headquartered in St. Louis, Missouri. “

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A number of other research firms have also weighed in on ARCH. ValuEngine raised Arch Coal from a buy rating to a strong-buy rating in a report on Wednesday, February 28th. Stifel Nicolaus set a $109.00 price objective on Arch Coal and gave the company a buy rating in a report on Tuesday, January 16th. JPMorgan Chase upped their price objective on Arch Coal from $90.00 to $94.00 and gave the company a hold rating in a report on Thursday, February 15th. Finally, Jefferies Group set a $120.00 price objective on Arch Coal and gave the company a buy rating in a report on Tuesday, February 13th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $101.25.

ARCH stock opened at $96.49 on Tuesday. The company has a current ratio of 2.49, a quick ratio of 2.10 and a debt-to-equity ratio of 0.47. The company has a market cap of $2,040.34, a P/E ratio of 8.49 and a beta of -0.13. Arch Coal has a 1-year low of $60.13 and a 1-year high of $101.84.

Arch Coal (NYSE:ARCH) last posted its earnings results on Tuesday, February 13th. The energy company reported $4.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $1.80. The business had revenue of $560.20 million for the quarter, compared to analyst estimates of $574.83 million. The firm’s revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.65 earnings per share. equities analysts forecast that Arch Coal will post 12.71 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. grew its holdings in Arch Coal by 14.7% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 7,677 shares of the energy company’s stock valued at $715,000 after buying an additional 981 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Arch Coal by 100.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,449 shares of the energy company’s stock valued at $135,000 after buying an additional 725 shares in the last quarter. HighPoint Advisor Group LLC acquired a new position in Arch Coal in the 4th quarter valued at $725,000. Sterling Capital Management LLC bought a new stake in shares of Arch Coal during the 4th quarter valued at $1,313,000. Finally, MetLife Investment Advisors LLC bought a new stake in shares of Arch Coal during the 4th quarter valued at $802,000. 59.89% of the stock is currently owned by hedge funds and other institutional investors.

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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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