SunCoke Energy’s (SXC) Buy Rating Reaffirmed at B. Riley

SunCoke Energy (NYSE:SXC)‘s stock had its “buy” rating reiterated by B. Riley in a note issued to investors on Friday. B. Riley also issued estimates for SunCoke Energy’s Q4 2018 earnings at $0.05 EPS and FY2019 earnings at $0.38 EPS.

Separately, Zacks Investment Research upgraded shares of SunCoke Energy from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Saturday, October 27th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. SunCoke Energy presently has an average rating of “Buy” and an average price target of $13.00.

NYSE:SXC opened at $10.86 on Friday. The firm has a market cap of $754.97 million, a P/E ratio of 38.79 and a beta of 0.80. SunCoke Energy has a one year low of $9.38 and a one year high of $14.32. The company has a quick ratio of 1.13, a current ratio of 1.65 and a debt-to-equity ratio of 1.22.

SunCoke Energy (NYSE:SXC) last released its earnings results on Thursday, October 25th. The energy company reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.17. The firm had revenue of $364.50 million during the quarter, compared to analysts’ expectations of $330.25 million. SunCoke Energy had a net margin of 10.99% and a return on equity of 5.00%. As a group, analysts forecast that SunCoke Energy will post 0.38 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC bought a new stake in SunCoke Energy in the 1st quarter valued at $175,000. Hartford Investment Management Co. bought a new stake in SunCoke Energy in the 2nd quarter valued at $301,000. Acadian Asset Management LLC increased its holdings in SunCoke Energy by 203.0% in the 2nd quarter. Acadian Asset Management LLC now owns 404,181 shares of the energy company’s stock valued at $5,417,000 after buying an additional 270,776 shares during the period. Dupont Capital Management Corp bought a new stake in SunCoke Energy in the 2nd quarter valued at $695,000. Finally, Aperio Group LLC increased its holdings in SunCoke Energy by 75.3% in the 2nd quarter. Aperio Group LLC now owns 34,193 shares of the energy company’s stock valued at $458,000 after buying an additional 14,687 shares during the period. Hedge funds and other institutional investors own 89.64% of the company’s stock.

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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