Arch Coal Inc Receives a Buy from Stifel Nicolaus

By Jason Carr

In a report issued on June 20, Paul Forward from Stifel Nicolaus reiterated a Buy rating on Arch Coal Inc (NYSE: ARCH), with a price target of $92. The company’s shares closed yesterday at $64.44.

According to, Forward is ranked 0 out of 5 stars with an average return of -21.0% and a 16.0% success rate. Forward covers the Basic Materials sector, focusing on stocks such as Peabody Energy Corporation Comm, Cloud Peak Energy Inc, and Natural Resource PRN.

Currently, the analyst consensus on Arch Coal Inc is Strong Buy and the average price target is $94.67, representing a 46.9% upside.

In a report issued on June 13, FBR Capital also reiterated a Buy rating on the stock with a $102 price target.

Based on Arch Coal Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $601 million and quarterly net profit of $51.67 million. In comparison, last year the company earned revenue of $427 million and had a GAAP net loss of $207 million.

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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; Other Thermal; and Corporate, Other and Eliminations. The Powder River Basin segment consists of primary thermal operations in Wyoming. The Metallurgical segment relates to the metallurgical operations in West Virginia, Kentucky, and Virginia. The Other Thermal segment refers to the supplementary thermal operations in Colorado, Illinois, and the Coal Mac thermal operation in West Virginia. The Corporate, Other and Eliminations segment comprises the coal derivatives and coal trading activities, net, corporate overhead, land management activities, and other support functions as well as the elimination of intercompany transactions. The company was founded in 1969 and is headquartered in St. Louis, MO.,