Standard Nuclear (NYSE:STDN) Downgraded by Wall Street Zen to Strong Sell

Wall Street Zen cut shares of Standard Nuclear (NYSE:STDN) from a sell rating to a strong sell rating in a report issued on Saturday,Wall Street Zen reports.

Several other equities research analysts also recently weighed in on STDN. Needham & Company LLC reiterated a “buy” rating on shares of Standard Nuclear in a research note on Friday. The Goldman Sachs Group initiated coverage on shares of Standard Nuclear in a research report on Monday, August 10th. They set a “buy” rating and a $18.00 target price on the stock. 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 target on the stock. Stifel Nicolaus set a $17.00 price objective on Standard Nuclear in a research note on Friday, August 28th. Finally, UBS Group lifted their price objective on Standard Nuclear from $14.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, September 1st. Nine research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $16.88.

Standard Nuclear Stock Down 4.5%

Shares of NYSE:STDN traded down $0.50 during trading on Friday, hitting $10.53. 361,604 shares of the company were exchanged, compared to its average volume of 246,455. Standard Nuclear has a 12-month low of $7.05 and a 12-month high of $17.34. The stock has a market capitalization of $1.65 billion and a PE ratio of -26.32. The company has a 50 day moving average of $12.53.

Standard Nuclear (NYSE:STDN) last released its quarterly earnings data on Thursday, November 12th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.03. The company had revenue of $2.25 million during the quarter. As a group, analysts forecast that Standard Nuclear will post -0.24 EPS for the current fiscal year.

Trending Headlines about Standard Nuclear

These are some of the STDN headlines that stood out recently:

• Positive Sentiment: Q3 revenue reached $6.0 million, up 581% year over year and above FactSet’s $5.5 million estimate. The company reported a loss of $0.10 per share, narrower than the $0.13 loss analysts expected. Earnings Flash
• Positive Sentiment: Contract backlog doubled to $577.2 million, providing a larger base of potential future business. Standard Nuclear backlog doubles
• Negative Sentiment: The company remains loss-making, and IPO-related costs were cited as a factor affecting Q3 results. Investors may focus on whether revenue and backlog can translate into sustained growth and improved profitability. Q3 earnings analysis

About Standard Nuclear

Standard Nuclear is a U.S. advanced nuclear fuel company focused on producing tri-structural isotropic (TRISO) fuel. TRISO fuel uses uranium-bearing particles coated in layers of ceramic and carbon materials, and is designed for use in certain advanced reactor designs. The company acquired fuel-related assets from Ultra Safe Nuclear Corporation, including a manufacturing facility in Oak Ridge, Tennessee. Standard Nuclear is working to develop and scale domestic production of TRISO fuel for advanced reactor developers.