Centrus Energy Receives Downgrade to 'Sell' by StockNews.com Amidst Mixed Analyst Opinions

In a recent development, stock analysts at StockNews.com adjusted their stance on Centrus Energy NYSE:LEU, moving from a 'hold' rating directly down to a 'sell' rating, according to a research report released on Friday. This comes amidst various opinions from different analysts, making it a topic of interest for investors keeping an eye on the nuclear fuel and services provider's market performance.

Analysts' Views on Centrus Energy

While StockNews.com showed a bearish outlook by downgrading NYSE:LEU, several other equity analysts have offered different takes in recent months. For instance, Roth Mkm had previously raised their price target on NYSE:LEU, upgrading the stock to a 'buy' rating with a new price expectation of $57.00—a notable increase from their earlier target of $49.00. B. Riley started covering Centrus Energy with an optimistic angle as well, issuing a 'buy' rating and setting a price objective at $72.00 for the company.

Centrus Energy's Market Standings

NYSE:LEU shares began trading at $50.53 on Friday, exhibiting a slight decline of 0.2%. The stock has seen a fluctuating year, touching a 52-week low of $24.88 and reaching a high of $61.35. Valued at a market capitalization of approximately $784.73 million, Centrus Energy has a price-to-earnings (P/E) ratio of 16.09 and a beta of 1.96. Moreover, the business has maintained a 50-day moving average price of $44.09.

Insider and Institutional Involvement

In related insider activity news, a major shareholder, Morris Bawabeh, sold 93,158 shares at an average price of $55.57, culminating in a transaction valued over $5 million. Post-sale, Bawabeh still possesses 1,223,118 shares, indicative of a significant stake in the company. Meanwhile, the corporate insiders collectively retain 6.40% of NYSE:LEU's stock. On the institutional front, various funds have adjusted their holdings in Centrus Energy. BlackRock Inc. BLK, the noted American multinational investment management corporation, has increased its stake by 18.5%, now owning 749,515 shares valued around $24.4 million. Other institutional investors include Mirae Asset Global Investments Co. Ltd., Vanguard Group Inc., Renaissance Technologies LLC, and Geode Capital Management LLC, all contributing to the 33.64% of the stock owned by institutional investors.

About Centrus Energy

Centrus Energy Corp. NYSE:LEU plays a vital role in the global nuclear power industry by supplying nuclear fuel and offering associated services. It operates primarily through two business segments: Low-Enriched Uranium (LEU) and Technical Solutions. The LEU segment involves the sale of separative work units (SWU), SWU and natural uranium components, and natural uranium to entities running nuclear power plants.

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