Centrus Energy (NYSE:LEU) Cut to Hold at Zacks Research

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

Several other brokerages have also recently issued reports on LEU. Bank of America decreased their price objective on Centrus Energy from $240.00 to $205.00 and set a “neutral” rating for the company in a report on Thursday, July 9th. UBS Group dropped their target price on Centrus Energy from $185.00 to $120.00 and set a “neutral” rating on the stock in a report on Friday, October 23rd. Stifel Nicolaus reduced their price target on Centrus Energy from $246.00 to $216.00 and set a “buy” rating for the company in a research report on Tuesday, August 25th. Jefferies Financial Group assumed coverage on Centrus Energy in a research report on Thursday, September 3rd. They set a “hold” rating and a $169.00 price target for the company. Finally, Roth Capital set a $115.00 price target on Centrus Energy in a report on Tuesday, October 20th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $193.12.

Centrus Energy Trading Up 2.1%

NYSE LEU opened at $111.77 on Tuesday. The company has a market capitalization of $2.23 billion, a PE ratio of 50.80, a P/E/G ratio of 8.14 and a beta of 1.53. The company has a fifty day moving average of $148.25 and a 200 day moving average of $188.50. Centrus Energy has a 1 year low of $96.80 and a 1 year high of $401.99. The company has a debt-to-equity ratio of 1.39, a current ratio of 5.39 and a quick ratio of 4.52.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.77 EPS for the quarter, beating the consensus estimate of $0.74 by $1.03. The company 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%. Centrus Energy’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.59 earnings per share. Research analysts forecast that Centrus Energy will post 4.21 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goehring & Rozencwajg Associates LLC lifted its stake in Centrus Energy by 18.1% in the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 202,058 shares of the company’s stock valued at $35,075,000 after buying an additional 30,944 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Centrus Energy by 217.4% in 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 last quarter. Granahan Investment Management LLC boosted its holdings in Centrus Energy by 19.2% in the 1st quarter. Granahan Investment Management LLC now owns 89,690 shares of the company’s stock worth $15,569,000 after buying an additional 14,455 shares during the last quarter. Atlas Wealth LLC purchased a new stake in Centrus Energy during the 1st quarter worth approximately $4,376,000. Finally, California State Teachers Retirement System increased its stake in 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 in the last quarter. Hedge funds and other institutional investors own 49.96% of the company’s stock.

Trending Headlines about 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

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.