Needham & Company LLC Initiates Coverage on Standard Nuclear (NYSE:STDN)

Analysts at Needham & Company LLC began coverage on shares of Standard Nuclear (NYSE:STDN) in a report issued on Tuesday, MarketBeat.com reports. The firm set a “buy” rating and a $18.00 price target on the stock. Needham & Company LLC’s price target would suggest a potential upside of 26.76% from the company’s previous close.

Several other research analysts have also recently weighed in on the company. Zacks Research upgraded Standard Nuclear to a “hold” rating in a research note on Thursday, August 20th. CLSA raised Standard Nuclear to a “neutral” rating in a research report on Tuesday. Bank of America began coverage on Standard Nuclear in a report on Monday, August 10th. They issued a “buy” rating and a $15.00 price objective for the company. Royal Bank Of Canada upped their target price on shares of Standard Nuclear from $11.00 to $13.00 and gave the company an “outperform” rating in a research note on Friday, August 28th. Finally, UBS Group raised their price target on shares of Standard Nuclear from $14.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, September 1st. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $16.88.

Standard Nuclear Stock Down 6.5%

Shares of STDN opened at $14.20 on Tuesday. The company has a market capitalization of $2.22 billion and a P/E ratio of -118.33. The firm’s 50 day moving average price is $12.36. Standard Nuclear has a twelve month low of $7.05 and a twelve month high of $17.34.

Standard Nuclear (NYSE:STDN) last released its quarterly earnings data on Thursday, August 27th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.08). The company had revenue of $1.64 million during the quarter, compared to analyst estimates of $2.97 million. As a group, equities analysts predict that Standard Nuclear will post -0.43 earnings per share for the current fiscal year.

Standard Nuclear Company Profile

Standard Nuclear, Inc (NYSE: STDN) is a U.S.-based nuclear fuel company focused on the development and production of advanced fuels for next-generation reactors. Its activities center on specialized fuel technologies intended to support the deployment of advanced nuclear power systems.

The company’s principal focus includes TRISO fuel, a form of coated particle fuel designed for high-temperature gas-cooled reactors and certain microreactor applications. Standard Nuclear is working to establish commercial-scale fuel manufacturing capabilities and support the broader advanced nuclear supply chain.

Standard Nuclear’s operations are primarily oriented toward the U.S.