Centrus Energy (NYSE:LEU) Stock Rating Upgraded by StockNews.com

Centrus Energy (NYSE:LEU) has recently been upgraded by analysts at StockNews.com to a "sell" rating in a report released on Monday.

Ratings from Other Analysts

In addition to StockNews.com, other analysts have also assessed Centrus Energy's stock performance. B. Riley increased their price target for Centrus Energy from $88.00 to $126.00 and assigned a "buy" rating in their report on October 30th. Meanwhile, Roth MKM adjusted their target price down from $62.00 to $58.00, keeping a "neutral" rating for the stock in the same report.

Recent Stock Performance

During trading hours on Monday, Centrus Energy's stock increased by 5.0%, achieving a price of $114.39. The trading volume for the day was approximately 1,626,914 shares, significantly exceeding its average volume of 904,962 shares. As of now, the company has a 50-day moving average of $76.81 and a 200-day moving average of $65.89. Centrus Energy's debt-to-equity ratio stands at 1.44, its current ratio at 1.63, and its quick ratio at 1.03. Over the past year, the stock has hit a low of $33.51 and a high of $119.42. With a market capitalization of $1.88 billion, the price-to-earnings ratio is noted at 25.94, and it has a beta of 1.17.

Institutional Investor Movements

Recently, there have been notable shifts in institutional holdings in Centrus Energy. Cape Investment Advisory Inc. acquired a new stake worth about $27,000 during the fourth quarter. Similarly, PNC Financial Services Group Inc. boosted its position in shares of Centrus Energy by 77.4% in the same quarter, now owning 440 shares valued at $29,000 after purchasing an additional 192 shares. Farther Finance Advisors LLC saw a remarkable increase in its holdings by 33,333.3%, owning 1,003 shares valued at $67,000 after buying 1,000 additional shares. Venturi Wealth Management LLC and Canton Hathaway LLC also added new positions in shares of Centrus Energy, valued at $113,000 and $161,000, respectively. Currently, institutional investors and hedge funds hold about 49.96% of Centrus Energy's stock.

About Centrus Energy

Centrus Energy Corp. is a key supplier of nuclear fuel components and services for the nuclear power industry, primarily in the United States but also in countries like Belgium and Japan. The company operates through two main segments: Low-Enriched Uranium (LEU) and Technical Solutions. The LEU segment focuses on selling separative work units (SWU), natural uranium hexafluoride, uranium concentrates, uranium conversion, and enriched uranium products to clients that operate nuclear power plants.

Conclusion

Whether considering a new investment or reevaluating current holdings in Centrus Energy, it is essential for investors to keep these recent ratings and stock movements in mind. Engaging with a range of analysts can provide a more comprehensive view of where the stock might be heading next.

Centrus, Energy, Stocks