Wall Street Sees a 47% Upside to SunCoke Energy (SXC)

SunCoke Energy, Inc. (NYSE:SXC) is one of the best dividend stocks to buy. As of December 5, the average price target for SXC suggests an upside of 47%, which is similar to the Street high.

Previously, The Fly reported on November 11 that B. Riley maintained a Neutral rating on SunCoke Energy, Inc. (NYSE:SXC), and trimmed the price target from $11 to $10. The firm observed that SunCoke’s adjusted EBITDA, coming in at $59.1 million, topped market expectations. The EBITDA was a result of robust performance in Industrial Services and from Phoenix Global allocating $10 million to SXC.

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The company lifted its Industrial Services EBITDA guidance for 2025 to a range of $63 million to $67 million, and the adjusted EBITDA guidance to between $220 million and $224 million. Even though the logistics and Domestic Coke volumes did not meet expectations, the higher guidance was driven by the contributions from Phoenix and anticipated synergies, which were balanced out by initial integration costs, B. Riley told investors.

In a separate press release dated November 18, SunCoke Energy, Inc. (NYSE:SXC) announced that it has extended its cokemaking deal with Cleveland-Cliffs Inc. (NYSE:CLF) for 3 years. The contract stipulates that SXC will offer 500,000 tons of metallurgical coke per year to CLF from its Ohio-based Haverhill cokemaking plant. The new agreement begins on January 1, 2026, with similar terms as the current Haverhill contracts.

SunCoke Energy, Inc. (NYSE:SXC) is an Illinois-based producer of coke in the United States and Brazil, operating through Domestic Coke, Brazil Coke, and Logistics segments.

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