SunCoke Energy Upgraded to Buy at TheStreet (SXC)
SunCoke Energy (NYSE:SXC) was upgraded by analysts at TheStreet from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, American Banking News reports.
The analysts wrote, “SunCoke Energy (SXC) has been upgraded by TheStreet Ratings from hold to buy. Among the primary strengths of the company is its solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse upgraded shares of SunCoke Energy from a “neutral” rating to an “outperform” rating in a research note on Friday, January 31st. They now have a $24.00 price target on the stock, up previously from $19.00. Separately, analysts at Brean Capital raised their price target on shares of SunCoke Energy from $23.00 to $26.00 in a research note on Friday, January 31st. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $23.67.
Shares of SunCoke Energy (NYSE:SXC) traded down 0.05% during mid-day trading on Wednesday, hitting $21.81. 24,581 shares of the company’s stock traded hands. SunCoke Energy has a 52-week low of $13.58 and a 52-week high of $23.42. The stock’s 50-day moving average is $21.71 and its 200-day moving average is $19.39. The company has a market cap of $1.519 billion and a P/E ratio of 60.95.
SunCoke Energy (NYSE:SXC) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.23 by $0.07. The company had revenue of $399.60 million for the quarter, compared to the consensus estimate of $404.30 million. Analysts expect that SunCoke Energy will post $0.46 EPS for the current fiscal year.
SunCoke Energy, Inc (NYSE:SXC) is an independent producer of metallurgical coke in the Americas.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.