Centrus Energy (NYSE:LEU) Stock Rating Lowered by Zacks Research

Key Points

• Zacks Research downgraded Centrus Energy from “strong buy” to “hold,” while the broader analyst consensus remains “Moderate Buy” with an average price target of $193.12.
• Centrus shares opened at $111.77, well below their 50-day and 200-day moving averages, after ranging between $96.80 and $401.99 over the past year.
• The company reported quarterly EPS of $1.77 versus the $0.74 consensus estimate, with revenue rising 14% year over year to $176.1 million; however, Zacks expects third-quarter earnings to decline, adding near-term risk.

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

Other equities analysts have also recently issued reports about the stock. Stifel Nicolaus dropped their price target on shares of Centrus Energy from $246.00 to $216.00 and set a "buy" rating for the company in a research note on Tuesday, August 25th. Northland Securities set a $270.00 price objective on shares of Centrus Energy in a research note on Friday, September 11th. Roth Capital set a $115.00 target price on Centrus Energy in a research report on Tuesday, October 20th. Truist Financial cut their target price on Centrus Energy from $215.00 to $178.00 and set a "buy" rating on the stock in a research note on Thursday, October 22nd. Finally, Needham & Company LLC reduced their price target on Centrus Energy from $262.00 to $206.00 and set a "buy" rating on the stock in a report on Tuesday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $193.12.

Centrus Energy Stock Up 2.1%

NYSE LEU opened at $111.77 on Tuesday. The company has a quick ratio of 4.52, a current ratio of 5.39 and a debt-to-equity ratio of 1.39. The company has a fifty day moving average of $148.25 and a two-hundred day moving average of $188.50. The firm 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 52 week low of $96.80 and a 52 week high of $401.99.

Centrus Energy (NYSE:LEU - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $1.03. Centrus Energy had a net margin of 10.23% and a return on equity of 7.06%. The business had revenue of $176.10 million for the quarter. During the same quarter last year, the firm earned $1.59 EPS. The company's revenue was up 14.0% on a year-over-year basis. On average, analysts predict that Centrus Energy will post 4.21 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LEU. Renaissance Technologies LLC grew its stake in Centrus Energy by 217.4% during the 1st quarter. Renaissance Technologies LLC now owns 160,542 shares of the company's stock valued at $27,868,000 after purchasing an additional 109,960 shares during the last quarter. Goehring & Rozencwajg Associates LLC lifted its holdings in shares of Centrus Energy by 18.1% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 202,058 shares of the company's stock worth $35,075,000 after purchasing an additional 30,944 shares during the period. Atlas Wealth LLC purchased a new stake in Centrus Energy in the first quarter valued at approximately $4,376,000. Arlington Capital Management Inc. purchased a new stake in Centrus Energy in the first quarter valued at approximately $3,115,000. Finally, Granahan Investment Management LLC boosted its position in Centrus Energy by 19.2% in the first quarter. Granahan Investment Management LLC now owns 89,690 shares of the company's stock valued at $15,569,000 after buying an additional 14,455 shares during the last quarter. Hedge funds and other 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.

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