SunCoke Energy Rating Reiterated by Goldman Sachs Group Inc. (SXC)
SunCoke Energy (NYSE:SXC)‘s stock had its “buy” rating reiterated by equities research analysts at Goldman Sachs Group Inc. in a research note issued to investors on Friday, Stock Ratings Network.com reports. They currently have a $22.00 price objective on the stock. Goldman Sachs Group Inc.’s target price suggests a potential upside of 31.19% from the company’s current price.
Shares of SunCoke Energy (NYSE:SXC) traded down 0.63% during mid-day trading on Friday, hitting $16.665. The stock had a trading volume of 45,178 shares. SunCoke Energy has a one year low of $13.58 and a one year high of $17.62. The stock has a 50-day moving average of $16.37 and a 200-day moving average of $15.65. The company has a market cap of $1.167 billion and a price-to-earnings ratio of 17.63.
SunCoke Energy (NYSE:SXC) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by $0.01. The company had revenue of $403.70 million for the quarter, compared to the consensus estimate of $431.75 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was down 12.4% on a year-over-year basis. On average, analysts predict that SunCoke Energy will post $0.42 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Bank of America Corp. upgraded shares of SunCoke Energy (NYSE:SXC) from a “sell” rating to a “neutral” rating in a research note to investors on Friday, July 26th. They now have a $16.00 price target on the stock, up previously from $15.00. Analysts at Credit Suisse initiated coverage on shares of SunCoke Energy (NYSE:SXC) in a research note to investors on Monday, July 8th. They set an “outperform” rating and a $19.00 price target on the stock. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $20.33.
SunCoke Energy, Inc (NYSE:SXC) is an independent producer of metallurgical coke in the Americas.
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