Arch Coal (ARCH) Price Target Increased to $96.00 by Analysts at B. Riley

Arch Coal (NYSE:ARCH) had its target price upped by B. Riley from $95.00 to $96.00 in a report released on Wednesday morning. B. Riley currently has a buy rating on the energy company’s stock. B. Riley also issued estimates for Arch Coal’s Q3 2018 earnings at $3.14 EPS and Q4 2018 earnings at $2.20 EPS.

Several other equities research analysts have also issued reports on ARCH. Zacks Investment Research upgraded shares of Arch Coal from a hold rating to a strong-buy rating and set a $108.00 price target for the company in a research note on Wednesday, April 4th. Seaport Global Securities set a $112.00 price target on shares of Arch Coal and gave the stock a buy rating in a research note on Monday, April 23rd. MKM Partners decreased their price target on shares of Arch Coal to $107.00 and set a buy rating for the company in a research note on Friday, April 27th. ValuEngine lowered shares of Arch Coal from a hold rating to a sell rating in a research note on Saturday, June 16th. Finally, Stifel Nicolaus began coverage on shares of Arch Coal in a research note on Wednesday, June 27th. They set a hold rating and a $83.00 price target for the company. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. Arch Coal presently has an average rating of Buy and a consensus target price of $97.78.

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NYSE:ARCH traded up $1.33 on Wednesday, hitting $88.34. The stock had a trading volume of 17,537 shares, compared to its average volume of 266,338. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.41 and a current ratio of 2.89. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 7.67 and a beta of 0.26. Arch Coal has a 1 year low of $68.95 and a 1 year high of $102.61.

Arch Coal (NYSE:ARCH) last posted its quarterly earnings data on Tuesday, July 31st. The energy company reported $2.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.95 by $0.31. The firm had revenue of $592.30 million during the quarter, compared to analyst estimates of $525.37 million. Arch Coal had a net margin of 10.80% and a return on equity of 39.28%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the business posted $1.85 EPS. sell-side analysts forecast that Arch Coal will post 9.47 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, August 31st will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $1.60 dividend on an annualized basis and a yield of 1.81%. Arch Coal’s dividend payout ratio is 14.08%.

Institutional investors have recently added to or reduced their stakes in the stock. Delek Group Ltd. grew its stake in Arch Coal by 7.7% in the 1st quarter. Delek Group Ltd. now owns 201,666 shares of the energy company’s stock valued at $18,548,000 after buying an additional 14,466 shares in the last quarter. SG Americas Securities LLC grew its stake in Arch Coal by 217.4% in the 1st quarter. SG Americas Securities LLC now owns 10,047 shares of the energy company’s stock valued at $923,000 after buying an additional 6,882 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Arch Coal by 14.7% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 7,677 shares of the energy company’s stock valued at $715,000 after buying an additional 981 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in Arch Coal by 36.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,162 shares of the energy company’s stock valued at $566,000 after buying an additional 1,635 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in Arch Coal by 6.9% in the 4th quarter. Alliancebernstein L.P. now owns 33,350 shares of the energy company’s stock valued at $3,107,000 after buying an additional 2,150 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Arch Coal Company Profile

Arch Coal, Inc produces and sells thermal and metallurgical coal from surface and underground mines. As of December 31, 2017, the company operated 9 active mines located in Wyoming, West Virginia, Kentucky, Virginia, Colorado, and Illinois. It also owned or controlled, primarily through long-term leases, approximately 28,292 acres of coal land in Ohio; 1,060 acres of coal land in Maryland; 10,108 acres of coal land in Virginia; 359,160 acres of coal land in West Virginia; 98,488 acres of coal land in Wyoming; 267,857 acres of coal land in Illinois; 34,446 acres of coal land in Kentucky; 9,840 acres of coal land in Montana; 21,802 acres of coal land in New Mexico; 358 acres of coal land in Pennsylvania; and 20,165 acres of coal land in Colorado, as well as owned or controlled through long-term leases smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas.

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Graco Inc. (GGG) Receives Consensus Recommendation of “Hold” from Analysts

Graco Inc. (NYSE:GGG) has been assigned a consensus recommendation of “Hold” from the thirteen ratings firms that are presently covering the stock, MarketBeat reports. Eleven analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $49.04.

A number of brokerages have commented on GGG. DA Davidson began coverage on shares of Graco in a research note on Thursday, April 12th. They issued a “neutral” rating and a $48.00 price objective for the company. Zacks Investment Research cut shares of Graco from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. Finally, ValuEngine raised shares of Graco from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd.

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Shares of Graco traded up $0.29, reaching $47.29, on Friday, MarketBeat reports. The company’s stock had a trading volume of 594,021 shares, compared to its average volume of 525,481. Graco has a 52-week low of $34.89 and a 52-week high of $49.69. The stock has a market capitalization of $7.88 billion, a P/E ratio of 33.07, a PEG ratio of 2.41 and a beta of 1.14. The company has a quick ratio of 1.60, a current ratio of 2.55 and a debt-to-equity ratio of 0.39.

Graco (NYSE:GGG) last issued its quarterly earnings data on Wednesday, April 25th. The industrial products company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.07. Graco had a net margin of 17.99% and a return on equity of 41.12%. The business had revenue of $406.30 million during the quarter, compared to analysts’ expectations of $369.61 million. During the same period last year, the company posted $1.05 EPS. The business’s revenue was up 19.3% on a year-over-year basis. analysts expect that Graco will post 1.89 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 1st. Investors of record on Sunday, July 15th will be paid a dividend of $0.1325 per share. The ex-dividend date is Thursday, July 12th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 1.12%. Graco’s dividend payout ratio is presently 37.06%.

In related news, VP Jeffrey P. Johnson sold 90,000 shares of Graco stock in a transaction dated Monday, May 21st. The shares were sold at an average price of $47.06, for a total transaction of $4,235,400.00. Following the completion of the transaction, the vice president now directly owns 48,971 shares of the company’s stock, valued at approximately $2,304,575.26. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Jeffrey P. Johnson sold 5,534 shares of Graco stock in a transaction dated Friday, May 18th. The stock was sold at an average price of $46.35, for a total transaction of $256,500.90. Following the transaction, the vice president now directly owns 48,971 shares of the company’s stock, valued at $2,269,805.85. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 347,204 shares of company stock valued at $15,838,068. 5.10% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in shares of Graco by 3.0% during the 1st quarter. BlackRock Inc. now owns 14,423,083 shares of the industrial products company’s stock worth $659,424,000 after purchasing an additional 420,393 shares during the period. Fiera Capital Corp boosted its position in Graco by 3.3% in the 1st quarter. Fiera Capital Corp now owns 9,490,109 shares of the industrial products company’s stock valued at $433,888,000 after buying an additional 301,624 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its position in Graco by 5.3% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,672,685 shares of the industrial products company’s stock valued at $259,356,000 after buying an additional 286,419 shares during the period. Russell Investments Group Ltd. boosted its position in Graco by 12.2% in the 1st quarter. Russell Investments Group Ltd. now owns 2,088,179 shares of the industrial products company’s stock valued at $95,035,000 after buying an additional 227,135 shares during the period. Finally, Northern Trust Corp boosted its position in Graco by 140.5% in the 1st quarter. Northern Trust Corp now owns 1,298,830 shares of the industrial products company’s stock valued at $59,383,000 after buying an additional 758,808 shares during the period. 85.94% of the stock is owned by hedge funds and other institutional investors.

About Graco

Graco Inc designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. Its Industrial segment offers proportioning systems that are used to spray polyurethane foam and polyurea coatings; vapor-abrasive blasting equipment; equipment that pumps, meters, mixes, and dispenses sealant, adhesive, and composite materials; and gel coat equipment, chop and wet-out systems, resin transfer molding systems, and applicators.

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