SunCoke Energy Inc. Hits New 52-Week High at $17.63 (SXC)
Shares of SunCoke Energy (NYSE:SXC) hit a new 52-week high during mid-day trading on Friday, AnalystRatingsNetwork.com reports. The stock traded as high as $17.63 and last traded at $17.44, with a volume of 295,243 shares trading hands. The stock had previously closed at $17.35.
A number of research firms have recently commented on SXC. Analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of SunCoke Energy (NYSE:SXC) in a research note to investors on Friday, September 27th. They now have a $22.00 price target on the stock. Separately, 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. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $20.33.
SunCoke Energy has a 52 week low of $13.58 and a 52 week high of $17.62. The stock has a 50-day moving average of $16.47 and a 200-day moving average of $15.68. The company has a market cap of $1.222 billion and a price-to-earnings ratio of 18.24.
SunCoke Energy (NYSE:SXC) last announced its earnings results on Thursday, July 25th. The company reported $0.08 earnings per share for the quarter, missing the analysts’ 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.
SunCoke Energy, Inc (NYSE:SXC) is an independent producer of metallurgical coke in the Americas.
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