SunCoke Energy Partners Given “Neutral” Rating at Citigroup Inc. (SXCP)
SunCoke Energy Partners (NASDAQ:SXCP)‘s stock had its “neutral” rating reiterated by equities researchers at Citigroup Inc. in a research report issued on Monday. They currently have a $30.00 price target on the stock, up from their previous price target of $28.00. Citigroup Inc.’s price objective would indicate a potential downside of 2.12% from the stock’s previous close.
SunCoke Energy Partners (NASDAQ:SXCP) traded down 0.65% on Monday, hitting $30.45. 43,953 shares of the company’s stock traded hands. SunCoke Energy Partners has a one year low of $21.75 and a one year high of $32.02. The stock’s 50-day moving average is $29.99 and its 200-day moving average is $29.33. The company has a market cap of $956.8 million and a price-to-earnings ratio of 16.53.
SunCoke Energy Partners (NASDAQ:SXCP) last released its earnings data on Wednesday, April 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by $0.16. The company had revenue of $161.40 million for the quarter, compared to the consensus estimate of $174.00 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was down 12.7% on a year-over-year basis. On average, analysts predict that SunCoke Energy Partners will post $2.01 earnings per share for the current fiscal year.
Separately, analysts at Brean Capital cut their price target on shares of SunCoke Energy Partners from $36.00 to $34.00 in a research note on Tuesday, April 29th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $32.15.
SunCoke Energy Partners, L.P. manufactures coke, which is used in the blast furnace production of steel.
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