Credit Suisse Lowers SunCoke Energy to Neutral (SXC)
SunCoke Energy (NYSE:SXC) was downgraded by Credit Suisse from an “outperform” rating to a “neutral” rating in a research note issued on Wednesday, TheFlyOnTheWall.com reports. They currently have a $26.00 price target on the stock. Credit Suisse’s price target would suggest a potential upside of 6.60% from the company’s current price.
Several other analysts have also recently commented on the stock. 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. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $24.52.
Shares of SunCoke Energy (NYSE:SXC) opened at 24.39 on Wednesday. SunCoke Energy has a 52 week low of $15.53 and a 52 week high of $24.57. The stock’s 50-day moving average is $22.88 and its 200-day moving average is $21.84. The company’s market cap is $1.691 billion.
SunCoke Energy (NYSE:SXC) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.08 earnings per share. The company’s quarterly revenue was down 7.8% on a year-over-year basis. 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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