Zacks Investment Research Upgrades SunCoke Energy, Inc. (SXC) to Strong-Buy

SunCoke Energy, Inc. (NYSE:SXC) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday. The brokerage currently has a $13.00 price objective on the energy company’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 18.18% from the stock’s previous close.

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. “

A number of other equities research analysts have also weighed in on SXC. BidaskClub lowered shares of SunCoke Energy from a “hold” rating to a “sell” rating in a report on Friday, July 28th. TheStreet lowered shares of SunCoke Energy from a “c-” rating to a “d+” rating in a report on Friday, August 4th.

SunCoke Energy (NYSE:SXC) last announced its quarterly earnings data on Thursday, October 26th. The energy company reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.26. The firm had revenue of $339.00 million during the quarter, compared to analyst estimates of $344.40 million. SunCoke Energy had a net margin of 0.42% and a return on equity of 4.60%. The business’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.10 EPS.

TRADEMARK VIOLATION WARNING: This story was published by Community Financial News and is owned by of Community Financial News. If you are reading this story on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The correct version of this story can be accessed at https://www.com-unik.info/2017/11/03/zacks-investment-research-upgrades-suncoke-energy-inc-sxc-to-strong-buy.html.

In related news, Director James E. Sweetnam sold 20,000 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $8.76, for a total transaction of $175,200.00. Following the completion of the sale, the director now directly owns 10,000 shares in the company, valued at approximately $87,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James E. Sweetnam sold 11,715 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $9.09, for a total transaction of $106,489.35. Following the sale, the director now owns 20,000 shares of the company’s stock, valued at $181,800. The disclosure for this sale can be found here. Corporate insiders own 3.85% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Advisor Partners LLC raised its holdings in SunCoke Energy by 0.3% during the 2nd quarter. Advisor Partners LLC now owns 11,765 shares of the energy company’s stock valued at $128,000 after buying an additional 41 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in SunCoke Energy by 0.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 26,200 shares of the energy company’s stock valued at $286,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System raised its holdings in SunCoke Energy by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 33,530 shares of the energy company’s stock valued at $365,000 after buying an additional 100 shares during the last quarter. UBS Asset Management Americas Inc. raised its holdings in SunCoke Energy by 1.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 24,492 shares of the energy company’s stock valued at $267,000 after buying an additional 233 shares during the last quarter. Finally, IHT Wealth Management LLC bought a new stake in SunCoke Energy during the 2nd quarter valued at $831,000. Institutional investors own 90.26% of the company’s stock.

About SunCoke Energy

SunCoke Energy, Inc is a producer of coke in the Americas. The Company’s segments include Domestic Coke, Brazil Coke, Coal Logistics, and Corporate and Other. The Domestic Coke segment consists of its Jewell Coke Company, L.P. (Jewell), Indiana Harbor Coke Company (Indiana Harbor), Haverhill Coke Company LLC (Haverhill), Gateway Energy and Coke Company, LLC (Granite City) and Middletown Coke Company, LLC (Middletown) cokemaking and heat recovery operations.

What are top analysts saying about SunCoke Energy Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for SunCoke Energy Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit