American Resources Sees Average Price Target at $6.00 Amid Moderate Buy Rating
MarketBeat Ratings reports that American Resources Corporation (NASDAQ:AREC) has received an average rating of 'Moderate Buy' from five analysts covering the company. One analyst has recommended selling the stock, while four have suggested buying it.
The average one-year price target among brokerages is $6.00, based on recent updates. Weiss Ratings downgraded American Resources from a 'hold (c-)' rating to a 'sell (d+)' rating in June, while Wall Street Zen upgraded the company from a 'strong sell' rating to a 'sell' rating.
Institutional investors have been buying and selling shares of American Resources. Creative Planning increased its stake by 65.5% during the second quarter, while JPMorgan Chase & Co. raised its holdings by 86,418.3%. Vanguard Group Inc. lifted its position by 4.0% in the third quarter.