Shares of Arch Coal Inc (NYSE:ARCH) have been given an average rating of “Hold” by the eleven research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $102.75.
Several equities research analysts have recently issued reports on the company. TheStreet upgraded Arch Coal from a “c” rating to a “b” rating in a report on Monday, January 28th. MKM Partners set a $126.00 price target on Arch Coal and gave the company a “buy” rating in a report on Thursday, November 8th. B. Riley lifted their price target on Arch Coal from $106.00 to $107.00 and gave the company a “buy” rating in a report on Wednesday, October 24th. ValuEngine upgraded Arch Coal from a “hold” rating to a “buy” rating in a report on Friday, October 12th. Finally, Zacks Investment Research upgraded Arch Coal from a “hold” rating to a “buy” rating and set a $104.00 price target for the company in a report on Tuesday, October 9th.
NYSE:ARCH traded up $0.09 on Tuesday, hitting $88.22. 194,679 shares of the company’s stock traded hands, compared to its average volume of 208,560. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.62 and a quick ratio of 2.13. Arch Coal has a 1 year low of $75.09 and a 1 year high of $102.61. The stock has a market cap of $1.66 billion, a PE ratio of 7.77 and a beta of -0.02.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System lifted its holdings in Arch Coal by 17.0% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 10,489 shares of the energy company’s stock worth $870,000 after purchasing an additional 1,526 shares during the last quarter. Rhumbline Advisers lifted its holdings in Arch Coal by 35.0% in the 4th quarter. Rhumbline Advisers now owns 25,849 shares of the energy company’s stock worth $2,145,000 after purchasing an additional 6,695 shares during the last quarter. Pendal Group Ltd acquired a new stake in Arch Coal in the 4th quarter worth approximately $802,000. Quantamental Technologies LLC acquired a new stake in Arch Coal in the 4th quarter worth approximately $33,000. Finally, First Quadrant L P CA acquired a new stake in Arch Coal in the 4th quarter worth approximately $70,000. Hedge funds and other institutional investors own 60.99% of the company’s stock.
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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