SunCoke Energy Inc (SXC) Given Consensus Recommendation of “Hold” by Analysts

SunCoke Energy Inc (NYSE:SXC) has earned an average rating of “Hold” from the seven analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $13.50.

Several analysts have recently weighed in on the company. Zacks Investment Research raised SunCoke Energy from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Friday, February 9th. B. Riley reduced their target price on SunCoke Energy from $15.00 to $14.00 and set a “buy” rating for the company in a report on Monday, April 30th. Clarkson Capital raised SunCoke Energy from a “neutral” rating to a “buy” rating in a report on Thursday, February 15th. Seaport Global Securities assumed coverage on SunCoke Energy in a report on Tuesday, April 3rd. They issued a “buy” rating and a $13.00 target price for the company. Finally, ValuEngine raised SunCoke Energy from a “sell” rating to a “hold” rating in a report on Friday, April 27th.

SunCoke Energy opened at $13.22 on Wednesday, MarketBeat reports. SunCoke Energy has a 1 year low of $8.20 and a 1 year high of $13.48. The company has a quick ratio of 1.18, a current ratio of 1.73 and a debt-to-equity ratio of 1.30. The stock has a market cap of $852.21 million, a PE ratio of 47.21 and a beta of 1.14.

SunCoke Energy (NYSE:SXC) last posted its earnings results on Thursday, April 26th. The energy company reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.12. SunCoke Energy had a return on equity of 4.33% and a net margin of 9.48%. The business had revenue of $350.50 million during the quarter, compared to the consensus estimate of $334.00 million. During the same period in the previous year, the business earned $0.02 EPS. The business’s quarterly revenue was up 13.1% on a year-over-year basis. research analysts forecast that SunCoke Energy will post 0.32 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan raised its stake in SunCoke Energy by 3.9% during the 4th quarter. Municipal Employees Retirement System of Michigan now owns 157,550 shares of the energy company’s stock valued at $1,889,000 after acquiring an additional 5,910 shares during the last quarter. Cigna Investments Inc. New raised its stake in SunCoke Energy by 33.5% during the 1st quarter. Cigna Investments Inc. New now owns 26,322 shares of the energy company’s stock valued at $282,000 after acquiring an additional 6,609 shares during the last quarter. Koch Industries Inc. raised its stake in SunCoke Energy by 50.6% during the 1st quarter. Koch Industries Inc. now owns 21,959 shares of the energy company’s stock valued at $236,000 after acquiring an additional 7,378 shares during the last quarter. Guggenheim Capital LLC raised its stake in SunCoke Energy by 10.0% during the 4th quarter. Guggenheim Capital LLC now owns 85,852 shares of the energy company’s stock valued at $1,030,000 after acquiring an additional 7,810 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in SunCoke Energy by 1.7% during the 1st quarter. Wells Fargo & Company MN now owns 503,417 shares of the energy company’s stock valued at $5,417,000 after acquiring an additional 8,221 shares during the last quarter. 91.28% of the stock is owned by institutional investors and hedge funds.

About SunCoke Energy

SunCoke Energy, Inc operates as an independent producer of coke in the Americas. The company operates through three segments: Domestic Coke, Brazil Coke, and Logistics. It offers metallurgical and thermal coal. The company also provides handling and/or mixing services to steel, coke, electric utility, coal producing, and other manufacturing based customers.

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