SunCoke Energy Hits New 52-Week High at $24.57 (SXC)
SunCoke Energy (NYSE:SXC)’s share price reached a new 52-week high during trading on Tuesday , AnalystRatingsNetwork reports. The stock traded as high as $24.57 and last traded at $24.40, with a volume of 143,153 shares trading hands. The stock had previously closed at $24.42.
A number of analysts have recently weighed in on SXC shares. Analysts at Zacks upgraded shares of SunCoke Energy from an “underperform” rating to a “neutral” rating in a research note on Monday, August 4th. They now have a $23.60 price target on the stock. Analysts at Goldman Sachs reiterated a “conviction-buy” rating on shares of SunCoke Energy in a research note on Friday, June 27th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. SunCoke Energy has a consensus rating of “Buy” and an average target price of $24.12.
The stock has a 50-day moving average of $22.8 and a 200-day moving average of $21.83. The company’s market cap is $1.691 billion.
SunCoke Energy (NYSE:SXC) last released its earnings data on Thursday, July 24th. The company reported $0.03 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.07) by $0.10. The company had revenue of $372.20 million for the quarter, compared to the consensus estimate of $393.77 million. During the same quarter last year, the company posted $0.08 earnings per share. SunCoke Energy’s revenue was down 7.8% compared to the same quarter last year. On average, analysts predict that SunCoke Energy will post $0.22 earnings per share for the current fiscal year.
SunCoke Energy, Inc (NYSE:SXC), is an independent producer of coke, a principal raw material in the integrated steelmaking process.
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