As of October 27, 2017, of the nine analysts covering Arch Coal (ARCH) stock, eight (89%) recommended “buy” or “strong buy,” and one (11%) recommended “hold.” There were no “sell” or “strong sell” ratings.
Arch Coal’s price target
Arch Coal’s 12-month target price was $94.88 as of October 27, 2017. The target price indicates an upside potential of 31.2% based on its price of $72.30 on October 27, 2017. Macquarie initiated coverage on ARCH on September 7, 2017, giving the stock a “neutral” rating with an $84 price target. Since the release of its 2Q17 results on July 27, 2017, just one analyst made a target price adjustment for ARCH. On August 31, 2017, JPMorgan Chase upgraded Arch Coal stock from “neutral” to “overweight,” raising the price target from $80 to $90
Year-over-year and quarter-over-quarter, analysts expect Arch Coal to post marginally higher 3Q17 revenue figures. They anticipate Arch Coal’s EPS (earning per share) to be approximately $1.88, compared with -$1.43 in 3Q16.
Arch Coal received a “buy” rating from analysts. The recommendation was primarily due to the company’s manageable debt after exiting Chapter 11 bankruptcy protection and an expected increase in cash flow from its operations. Coal (KOL) mining peer Peabody Energy (BTU) has also recently emerged from bankruptcy. Other coal companies that have filed for bankruptcy are Alpha Natural Resources (ANRZQ) and Walter Energy (WLTGQ). In the next part, we’ll examine analysts’ expectations for Arch Coal.
As of October 27, 2017, of the nine analysts covering Arch Coal (ARCH) stock, eight (89%) recommended “buy” or “strong buy,” and one (11%) recommended “hold.” There were no “sell” or “strong sell” ratings. Arch Coal’s 12-month target price was $94.88 as of October 27, 2017. The target price indicates an upside potential of 31.2% based on its […]
Coca-Cola (KO) impressed investors with better-than-expected revenue and earnings for the first quarter.
Microsoft (MSFT) announced this month that it had acquired a San Diego startup called Express Logic for an undisclosed amount.
Spirit Airlines is scheduled to report its first-quarter results on April 25. The airline has an impressive record of beating earnings estimates.
On April 23 before the market opened, legacy motorcycle maker Harley-Davidson (HOG) reported its first-quarter earnings results.
Williams Companies (WMB) is scheduled to release its first-quarter earnings on May 1 after the market closes.
McDonald’s (MCD) is set to report its first-quarter earnings before the market opens on April 30.