In a report released today, Lucas Pipes from B.Riley FBR maintained a Buy rating on Arch Coal Inc (NYSE: ARCH), with a price target of $106. The company’s shares closed yesterday at $90.60.
According to TipRanks.com, Pipes is a 4-star analyst with an average return of 7.5% and a 61.9% success rate. Pipes covers the Basic Materials sector, focusing on stocks such as Peabody Energy Corporation Comm, Newmont Mining Corporation, and Novagold Resources Inc New.
Currently, the analyst consensus on Arch Coal Inc is a Moderate Buy with an average price target of $94.50.
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The company has a one-year high of $102.61 and a one-year low of $68.95. Currently, Arch Coal Inc has an average volume of 241.8K.
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Arch Coal, Inc. engages in the production and distribution of thermal coal. It operates through the following segments: Powder River Basin; Metallurgical; and Other Thermal. The Powder River Basin segment extracts thermal coal from the Upper Wyodak and Main Wyodak seams.
