The analysts wrote, “We remove shares of SunCoke Energy from the Americas Conviction List (CL) but remain Buy-rated. We see 16% return potential to our $19 (down from $20), six-month, SOTP- based target price. SXC is +18% since being added to CL on March 18, 2012 vs. -33%/+12% covered coal stocks/S&P 500 respectively. SXC is +18% LTM vs. -29%/+12% for coal stocks/S&P 500. We believe SXC has outperformed due to increased Street appreciation of the stability and growth potential of its coke business and some credit for restructuring.”
Suncoke Energy (NYSE: SXC) traded down 2.94% on Monday, hitting $15.85. Suncoke Energy has a 52-week low of $13.10 and a 52-week high of $17.62. The stock’s 50-day moving average is currently $16.60. The company has a market cap of $1.110 billion and a price-to-earnings ratio of 11.66.
Suncoke Energy (NYSE: SXC) last issued its quarterly earnings data on Tuesday, February 5th. The company reported $0.39 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.34 by $0.05. The company had revenue of $491.40 million for the quarter, compared to the consensus estimate of $470.47 million. During the same quarter in the previous year, the company posted $0.12 earnings per share. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, analysts predict that Suncoke Energy will post $0.48 earnings per share for the current fiscal year.
A number of other firms have also recently commented on SXC. Analysts at JPMorgan Chase initiated coverage on shares of Suncoke Energy in a research note to investors on Wednesday, February 13th. They set a “neutral” rating and a $21.00 price target on the stock. Separately, analysts at Barclays Capital initiated coverage on shares of Suncoke Energy in a research note to investors on Wednesday, February 13th. They set an “equal weight” rating and a $22.00 price target on the stock. Finally, analysts at Zacks upgraded shares of Suncoke Energy from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, February 12th. They now have a $17.90 price target on the stock.
One analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.70.
SunCoke Energy, Inc. (NYSE: SXC) is an independent producer of metallurgical coke in the Americas. The Company acquires, owns, and operates the coke making and coal mining operations of Sunoco.