Centrus Energy (NYSE:LEU) Downgraded by Zacks Research to Hold

Zacks Research cut shares of Centrus Energy (NYSE:LEU) from a strong-buy rating to a hold rating in a report released on Tuesday morning,Zacks reports.

LEU has been the topic of several other research reports. Northland Securities set a $270.00 price target on Centrus Energy in a research report on Friday, September 11th. Weiss Ratings upgraded Centrus Energy from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. JPMorgan Chase & Co. cut their price objective on Centrus Energy from $180.00 to $120.00 and set a “neutral” rating for the company in a report on Monday. Barclays decreased their target price on shares of Centrus Energy from $207.00 to $150.00 and set an “equal weight” rating for the company in a research note on Thursday, October 22nd. Finally, TD Cowen started coverage on shares of Centrus Energy in a report on Monday. They set a “hold” rating and a $120.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $193.12.

Centrus Energy Price Performance

Shares of NYSE LEU opened at $111.77 on Tuesday. The company has a debt-to-equity ratio of 1.39, a current ratio of 5.39 and a quick ratio of 4.52. The business has a 50-day moving average of $148.25 and a 200-day moving average of $188.50. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 50.80, a PEG ratio of 8.14 and a beta of 1.53. Centrus Energy has a fifty-two week low of $96.80 and a fifty-two week high of $401.99.

Centrus Energy (NYSE:LEU) last released its earnings results on Wednesday, August 5th. The company reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $1.03. Centrus Energy had a return on equity of 7.06% and a net margin of 10.23%. The business had revenue of $176.10 million for the quarter. During the same quarter in the previous year, the company posted $1.59 EPS. The business’s revenue was up 14.0% on a year-over-year basis. As a group, sell-side analysts predict that Centrus Energy will post 4.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Centrus Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of LEU. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Centrus Energy during the third quarter worth approximately $6,744,000. Pilgrim Partners Asia Pte Ltd increased its stake in shares of Centrus Energy by 45.5% during the third quarter. Pilgrim Partners Asia Pte Ltd now owns 800 shares of the company’s stock worth $112,000 after purchasing an additional 250 shares during the period. ProShare Advisors LLC increased its stake in shares of Centrus Energy by 5.0% during the third quarter. ProShare Advisors LLC now owns 2,565 shares of the company’s stock worth $358,000 after purchasing an additional 123 shares during the period. Investment Partners LTD. increased its stake in shares of Centrus Energy by 16.1% during the third quarter. Investment Partners LTD. now owns 3,020 shares of the company’s stock worth $421,000 after purchasing an additional 418 shares during the period. Finally, Corecam Pte. Ltd. lifted its holdings in Centrus Energy by 19.7% during the 3rd quarter. Corecam Pte. Ltd. now owns 1,761 shares of the company’s stock worth $246,000 after purchasing an additional 290 shares during the last quarter. Institutional investors own 49.96% of the company’s stock.

Key Stories Impacting Centrus Energy

Here are the key news stories impacting Centrus Energy this week:

• Positive Sentiment: Texas Capital upgraded Centrus Energy to “strong buy” and highlighted nuclear enrichment as an “essential” business, helping reinforce the long-term investment case. Centrus Energy Soars 11% as Texas Capital Starts at Buy on Essential Nuclear Enrichment
• Positive Sentiment: The Texas Capital upgrade follows growing interest in domestic nuclear-fuel supply and enrichment capacity, themes that could benefit Centrus as demand for nuclear power and advanced reactor fuels expands. Texas Capital stock recommendations
• Positive Sentiment: Centrus may trade at a premium following its Westerman deal, suggesting investors see potential strategic or commercial value in the agreement. Centrus Energy Stock May Trade At A Premium Following Its Westerman Deal
• Neutral Sentiment: B. Riley lowered its price target from $295 to $188 but maintained a “buy” rating. The reduced target signals lower near-term expectations, while the remaining target implies substantial upside from recent levels. B. Riley stock recommendations
• Neutral Sentiment: TD Cowen initiated coverage with a “hold” rating, adding a more cautious view alongside the bullish analyst calls. TD Cowen initiates coverage of Centrus Energy at hold
• Negative Sentiment: Zacks expects Centrus Energy’s third-quarter earnings to decline and says the company lacks the usual indicators for a likely earnings beat, increasing event risk ahead of the report. Earnings Preview: Centrus Energy Corp. Q3 Earnings Expected to Decline
• Negative Sentiment: JPMorgan issued a pessimistic forecast for LEU, while separate coverage noted pressure around the company’s HALEU outlook. These concerns could limit the impact of bullish long-term nuclear-fuel narratives. JPMorgan Issues Pessimistic Forecast for Centrus Energy

Centrus Energy Company Profile

Centrus Energy Corp. (NYSE:LEU) is a U.S.-based supplier of nuclear fuel and related services. The company provides enriched uranium products, including low-enriched uranium used to fuel commercial nuclear reactors, as well as uranium and fuel-management services for utilities and other customers in the nuclear energy industry.

Centrus is also developing high-assay low-enriched uranium (HALEU), an advanced fuel intended for certain next-generation and small modular reactors. Its American Centrifuge technology is being developed to support domestic uranium enrichment and reduce reliance on foreign fuel-supply chains.