Zacks Investment Research Upgrades SunCoke Energy (SXC) to “Hold”
SunCoke Energy (NYSE:SXC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Friday.
According to Zacks, “SunCoke Energy, Inc is a producer of metallurgical coke in the Americas. The Company acquires, owns, and operates the coke making and coal mining operations. Its coke making facilities are in the United States and Brazil. “
Other equities analysts also recently issued research reports about the stock. ValuEngine raised shares of SunCoke Energy from a “sell” rating to a “hold” rating in a research note on Friday, April 27th. B. Riley reduced their price objective on shares of SunCoke Energy from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Monday, April 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $14.00.
SunCoke Energy (NYSE:SXC) last posted its quarterly earnings results on Thursday, July 26th. The energy company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.04. SunCoke Energy had a net margin of 11.19% and a return on equity of 5.36%. The firm had revenue of $367.00 million during the quarter, compared to the consensus estimate of $313.95 million. During the same quarter in the previous year, the firm posted ($0.38) earnings per share. The company’s revenue was up 13.6% on a year-over-year basis. sell-side analysts predict that SunCoke Energy will post 0.28 EPS for the current year.
Large investors have recently modified their holdings of the stock. CAMG Solamere Management LLC bought a new position in SunCoke Energy in the first quarter worth approximately $112,000. SG Americas Securities LLC bought a new position in SunCoke Energy in the first quarter worth approximately $114,000. Cubist Systematic Strategies LLC bought a new position in SunCoke Energy in the first quarter worth approximately $175,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in SunCoke Energy in the second quarter worth approximately $183,000. Finally, 6 Meridian bought a new position in SunCoke Energy in the first quarter worth approximately $207,000. 90.68% of the stock is owned by institutional investors.
SunCoke Energy Company Profile
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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