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Jefferies Stick to Their Hold Rating for Arch Resources

Published 12/08/2021, 11:36 AM
Updated 12/08/2021, 11:36 AM


Jefferies (NYSE:JEF) analyst Chris LaFemina maintained a Hold rating on Arch Resources on Sunday, setting a price target of $80, which is approximately 4.47% below the present share price of $83.74.

LaFemina expects Arch Resources to post earnings per share (EPS) of $5.83 for the fourth quarter of 2021.

The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in Arch Resources, with an average price target of $113.4.
The analysts price targets range from a high of $132 to a low of $80.

In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $594.41 million and a net profit of $115.04 million. The company's market cap is $1.28 billion.

According to TipRanks.com, Jefferies analyst Chris LaFemina is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 4.6% and a 50.17% success rate.

Arch Coal (NYSE:ARCH), Inc. engages in the production and distribution of thermal coal. It operates through the following segments: Powder River Basin, Metallurgical and Other Thermal. The Powder River Basin segment contains thermal operations in Wyoming. The Metallurgical segment contains metallurgical operations in West Virginia. The Other Thermal segment contains supplementary thermal operations in Colorado, Illinois and the Coal Mac thermal operations in West Virginia. The company was founded in 1969 and is headquartered in St. Louis, MO.

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