SunCoke Energy Rating Reiterated by Goldman Sachs Group Inc. (SXC)
SunCoke Energy (NYSE:SXC)‘s stock had its “buy” rating reaffirmed by Goldman Sachs Group Inc. in a research note issued on Thursday, Analyst Ratings Network.com reports.
Shares of SunCoke Energy (NYSE:SXC) opened at 17.15 on Thursday. SunCoke Energy has a 52 week low of $13.58 and a 52 week high of $17.63. The stock’s 50-day moving average is $16.60 and its 200-day moving average is $15.70. The company has a market cap of $1.201 billion and a P/E ratio of 18.03.
SunCoke Energy (NYSE:SXC) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.08 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was down 12.4% on a year-over-year basis. Analysts expect that SunCoke Energy will post $0.42 EPS for the current fiscal year.
Separately, analysts at Bank of America Corp. upgraded shares of SunCoke Energy 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $20.00.
SunCoke Energy, Inc (NYSE:SXC) is an independent producer of metallurgical coke in the Americas.
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