Centrus Energy (NYSE:LEU) Stock Gets Downgrade from Zacks Research

Centrus Energy (NYSE:LEU) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday, Zacks reports.

A number of other analysts also recently weighed in on LEU. Texas Capital raised shares of Centrus Energy to a “strong-buy” rating in a report on Tuesday. UBS Group dropped their price objective on shares of Centrus Energy from $185.00 to $120.00 and set a “neutral” rating on the stock in a report on Friday, October 23rd. Capital One Financial set a $151.00 price objective on shares of Centrus Energy in a report on Tuesday. Needham & Company LLC cut their price objective on shares of Centrus Energy from $262.00 to $206.00 and set a “buy” rating for the company in a research report on Tuesday, October 20th. Finally, Truist Financial reduced their target price on shares of Centrus Energy from $215.00 to $178.00 and set a “buy” rating for the company in a research note on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, Centrus Energy has a consensus rating of “Moderate Buy” and a consensus price target of $193.12.

Centrus Energy Trading Up 2.1%

Shares of Centrus Energy stock opened at $111.77 on Tuesday. The company’s fifty day simple moving average is $148.25 and its 200-day simple moving average is $188.50. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 50.80, a PEG ratio of 8.14 and a beta of 1.53. The company has a current ratio of 5.39, a quick ratio of 4.52 and a debt-to-equity ratio of 1.39. Centrus Energy has a 1 year low of $96.80 and a 1 year high of $401.99.

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

Institutional Investors Weigh In On Centrus Energy

Institutional investors have recently bought and sold shares of the business. WINTON GROUP Ltd bought a new stake in shares of Centrus Energy in the 2nd quarter valued at approximately $1,356,000. Arlington Capital Management Inc. acquired a new position in shares of Centrus Energy in the 1st quarter worth approximately $3,115,000. Engineers Gate Manager LP raised its holdings in shares of Centrus Energy by 261.4% in the 2nd quarter. Engineers Gate Manager LP now owns 4,756 shares of the company’s stock worth $798,000 after buying an additional 3,440 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of Centrus Energy by 24.3% during the 1st quarter. California State Teachers Retirement System now owns 19,606 shares of the company’s stock worth $3,403,000 after buying an additional 3,837 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of Centrus Energy by 217.4% during the 1st quarter. Renaissance Technologies LLC now owns 160,542 shares of the company’s stock worth $27,868,000 after buying an additional 109,960 shares during the period. Institutional investors and hedge funds own 49.96% of the company’s stock.

Centrus Energy News Summary

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

About Centrus Energy

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.