Hilliard Lyons Cuts Price Target on Alliance Resource (ARLP)

By admin | 7 years ago

Analysts at Hilliard Lyons decreased their price target on shares of Alliance Resource (NASDAQ: ARLP) from $85.00 to $75.00 in a research report issued to clients and investors on Tuesday. The firm currently has a “long-term buy” rating on the stock.

Separately, analysts at Raymond James (NYSE: RJF) upgraded shares of Alliance Resource from a “market perform” rating to a “strong-buy” rating in a research note to investors on Thursday, April 19th.

Alliance Resource opened at 63.75 on Tuesday. Alliance Resource has a 52-week low of $50.42 and a 52-week high of $83.80. The company has a market cap of $2.351 billion and a price-to-earnings ratio of 11.03.

The company last announced its quarterly results on Monday, April 30th. It reported $1.54 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $1.59 EPS by $0.05. The company’s quarterly revenue was up 4.8% on a year-over-year basis. Analysts expect that Alliance Resource will post $1.94 EPS next quarter.

Alliance Resource Partners, L.P. (ARLP Partnership) is a producer and marketer of coal primarily to the United States utilities and industrial users.

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