In a report released today, Lucas Pipes from B.Riley FBR reiterated a Buy rating on Arch Coal (ARCH), with a price target of $90.00. The company’s shares closed last Monday at $51.44, close to its 52-week low of $50.57.
According to TipRanks.com, Pipes is ranked 0 out of 5 stars with an average return of -9.2% and a 38.3% success rate. Pipes covers the Basic Materials sector, focusing on stocks such as Hallador Energy Company, Novagold Resources New, and CONSOL Coal Resources.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Arch Coal with a $85.00 average price target, representing a 60.2% upside. In a report issued on February 10, Benchmark Co. also initiated coverage with a Buy rating on the stock with a $75.00 price target.
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The company has a one-year high of $101.92 and a one-year low of $50.57. Currently, Arch Coal has an average volume of 323.3K.
Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling 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.
