Centrus Energy (NYSE:LEU) Earns Equal Weight Rating from Analysts at Barclays

Barclays assumed coverage on shares of Centrus Energy (NYSE:LEU) in a research note published on Tuesday, MarketBeat Ratings reports. The firm issued an equal weight rating and a $207.00 price target on the stock.

Several other research analysts have also weighed in on the stock. Needham & Company LLC lowered their target price on shares of Centrus Energy from $264.00 to $262.00 and set a “buy” rating for the company in a research note on Friday, August 7th. UBS Group reduced their price target on shares of Centrus Energy from $195.00 to $170.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 16th. HC Wainwright restated a “buy” rating and issued a $300.00 price objective on shares of Centrus Energy in a report on Monday, July 27th. JPMorgan Chase & Co. increased their price objective on shares of Centrus Energy from $178.00 to $180.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Finally, Zacks Research upgraded shares of Centrus Energy from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $244.31.

Centrus Energy Price Performance

LEU stock opened at $176.49 on Tuesday. Centrus Energy has a 52-week low of $142.13 and a 52-week high of $464.25. 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 stock has a market cap of $3.52 billion, a price-to-earnings ratio of 80.22, a price-to-earnings-growth ratio of 23.62 and a beta of 1.36. The business has a fifty day moving average of $173.38 and a two-hundred day moving average of $189.98.

Centrus Energy (NYSE:LEU) last announced 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 business had revenue of $176.10 million for the quarter. Centrus Energy had a return on equity of 7.06% and a net margin of 10.23%.The business’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period last year, the company earned $1.59 EPS. As a group, research analysts anticipate that Centrus Energy will post 2.6 earnings per share for the current year.

Institutional Investors Weigh In On Centrus Energy

Large investors have recently added to or reduced their stakes in the business. Vermillion Wealth Management Inc. boosted its position in Centrus Energy by 5,000.0% in the 4th quarter. Vermillion Wealth Management Inc. now owns 102 shares of the company’s stock valued at $25,000 after buying an additional 100 shares during the period. Fulcrum Asset Management LLP acquired a new position in shares of Centrus Energy in the third quarter worth $34,000. IFP Advisors Inc increased its position in shares of Centrus Energy by 38.3% during the third quarter. IFP Advisors Inc now owns 148 shares of the company’s stock worth $46,000 after acquiring an additional 41 shares during the period. Hilton Head Capital Partners LLC purchased a new stake in shares of Centrus Energy during the fourth quarter worth $36,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Centrus Energy in the fourth quarter valued at $39,000. 49.96% of the stock is owned by hedge funds and other institutional investors.

Centrus Energy Company Profile

Centrus Energy Corp is a U.S.-based supplier of nuclear fuel and enrichment services, specializing in the production of low-enriched uranium (LEU) for commercial power reactors and highly enriched uranium for naval propulsion. Through its Centrus Global subsidiary, the company provides technical support, fuel fabrication services and recycled uranium products to utilities operating light-water reactors. Centrus also develops advanced centrifuge technologies aimed at improving enrichment efficiency and reducing the cost of nuclear fuel.

Originally founded as the United States Enrichment Corporation (USEC) in 1998 following a spin-out from the U.S.