SunCoke Energy Upgraded by Zacks to Neutral (SXC)
SunCoke Energy (NYSE:SXC) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a note issued to investors on Thursday. The firm currently has a $20.80 price target on the stock. Zacks‘s price target suggests a potential upside of 2.51% from the stock’s previous close.
Shares of SunCoke Energy (NYSE:SXC) traded up 2.71% during mid-day trading on Thursday, hitting $20.84. 152,966 shares of the company’s stock traded hands. SunCoke Energy has a 52-week low of $13.58 and a 52-week high of $23.90. The stock has a 50-day moving average of $20.62 and a 200-day moving average of $21.78. The company has a market cap of $1.454 billion and a P/E ratio of 93.94.
SunCoke Energy (NYSE:SXC) last announced its earnings results on Wednesday, April 23rd. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.10. The company had revenue of $359.60 million for the quarter, compared to the consensus estimate of $364.97 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was down 20.8% on a year-over-year basis. Analysts expect that SunCoke Energy will post $0.18 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on SXC. Analysts at Goldman Sachs cut their price target on shares of SunCoke Energy from $27.00 to $26.00 in a research note on Friday, May 16th. They now have a “buy” rating on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of SunCoke Energy in a research note on Tuesday, May 13th. They now have a $22.00 price target on the stock, up previously from $21.00. Finally, analysts at TheStreet downgraded shares of SunCoke Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 28th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $23.97.
SunCoke Energy, Inc (NYSE:SXC), is an independent producer of coke, a principal raw material in the integrated steelmaking process.
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