Arch Coal Rating Increased to Buy at CRT Capital (ACI)

By admin | 7 years ago

Arch Coal (NYSE: ACI) was upgraded by investment analysts at CRT Capital to a “buy” rating in a note issued to investors on Wednesday.

Shares of Arch Coal traded down 4.47% during mid-day trading on Wednesday, hitting $8.12. Arch Coal has a one year low of $8.42 and a one year high of $31.99. The company has a market cap of $1.719 billion and a P/E ratio of 11.49.

The company last announced its quarterly results on Tuesday, May 1st. It reported ($0.04) earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.22 EPS by $0.26. The company’s quarterly revenue was up 19.1% on a year-over-year basis. On average, analysts predict that Arch Coal will post $0.00 earnings per share next quarter.

A number of other firms have also recently commented on ACI. Analysts at Morgan Stanley (NYSE: MS) downgraded shares of Arch Coal from an “equal weight” rating to an “underweight” rating in a research note to investors on Wednesday, April 18th. They now have a $9.00 price target on the stock. Finally, analysts at Howard Weil cut their price target on shares of Arch Coal from $24.00 to $22.00 in a research note to investors on Friday, March 23rd. They now have an “outperform” rating on the stock.

Arch Coal, Inc. (Arch) is a coal producer company. During the year ended December 31, 2010, the Company sold 162.

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