In a report issued on November 9, Lucas Pipes from B.Riley FBR maintained a Buy rating on Suncoke Energy Inc (SXC), with a price target of $14. The company’s shares closed on Friday at $10.86.
According to TipRanks.com, Pipes is a 3-star analyst with an average return of 1.8% and a 52.2% success rate. Pipes covers the Basic Materials sector, focusing on stocks such as Peabody Energy Corporation Comm, Novagold Resources Inc New, and Hallador Energy Company.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Suncoke Energy Inc with a $14 average price target.
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Based on Suncoke Energy Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $11.5 million. In comparison, last year the company earned revenue of $339 million and had a net profit of $11.6 million.
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SunCoke Energy, Inc. engages in the production of coke through heating metallurgical coal in a refractory oven. It operates through the following segments: Domestic Coke, Brazil Coke and Logistics.
