B.Riley FBR Sticks to Its Buy Rating for Arch Coal Inc (ARCH)


B.Riley FBR analyst Lucas Pipes maintained a Buy rating on Arch Coal Inc (NYSE: ARCH) today and set a price target of $107. The company’s shares opened today at $96.69.

According to TipRanks.com, Pipes is a 4-star analyst with an average return of 2.9% and a 52.9% success rate. Pipes covers the Basic Materials sector, focusing on stocks such as Peabody Energy Corporation Comm, Novagold Resources Inc New, and CONSOL Coal Resources LP.

Arch Coal Inc has an analyst consensus of Moderate Buy, with a price target consensus of $104.

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Arch Coal Inc’s market cap is currently $1.88B and has a P/E ratio of 8.48. The company has a Price to Book ratio of 2.94.

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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.

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