Arch Coal Inc (ARCH) Receives a Buy from B.Riley FBR
In a report released today, Lucas Pipes from B.Riley FBR maintained a Buy rating on Arch Coal Inc (ARCH), with a price target of $109.00. The company’s shares closed last Monday at $79.90.
According to TipRanks.com, Pipes has currently no stars on a ranking scale of 0-5 stars, with an average return of -5.9% and a 40.4% success rate. Pipes covers the Basic Materials sector, focusing on stocks such as Peabody Energy Corporation Comm, Novagold Resources Inc New, and Covia Holdings Corporation.
Currently, the analyst consensus on Arch Coal Inc is a Strong Buy with an average price target of $95.25, implying a 19.8% upside from current levels. In a report issued on October 8, Seaport Global also maintained a Buy rating on the stock with a $92.00 price target.
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The company has a one-year high of $101.92 and a one-year low of $68.63. Currently, Arch Coal Inc has an average volume of 257.6K.
Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ARCH in relation to earlier this year.
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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 contains thermal operations in Wyoming. The Metallurgical segment contains metallurgical operations in West Virginia.