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SunCoke Energy (NYSE:SXC) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued on Friday. They currently have a $21.40 price objective on the stock. Zacks‘s target price would indicate a potential downside of 4.97% from the company’s current price.

SunCoke Energy (NYSE:SXC) traded up 1.40% during mid-day trading on Friday, hitting $22.52. The stock had a trading volume of 329,351 shares. 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 $20.6 and a 200-day moving average of $21.61. The company has a market cap of $1.571 billion and a P/E ratio of 102.82.

SunCoke Energy (NYSE:SXC) last issued its quarterly earnings data 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. On average, analysts predict that SunCoke Energy will post $0.17 earnings per share for the current fiscal year.

SXC has been the subject of a number of other recent research reports. Analysts at Goldman Sachs reiterated a “conviction-buy” rating on shares of SunCoke Energy in a research note on Friday, June 27th. Finally, 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $23.68.

SunCoke Energy, Inc (NYSE:SXC), is an independent producer of coke, a principal raw material in the integrated steelmaking process.

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