Centrus Energy Corp. (NYSE:LEU) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Centrus Energy Corp. (NYSE:LEU) have been given an average rating of “Moderate Buy” by the sixteen analysts that are currently covering the firm, MarketBeat.com reports. Eight research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $235.71.

Several equities analysts have commented on LEU shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Centrus Energy in a report on Tuesday, August 4th. Barclays started coverage on Centrus Energy in a research report on Tuesday, August 18th. They set an “equal weight” rating and a $207.00 price objective on the stock. Needham & Company LLC cut their target price on Centrus Energy from $264.00 to $262.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Truist Financial began coverage on Centrus Energy in a research report on Monday, July 13th. They issued a “buy” rating and a $215.00 target price for the company. Finally, JPMorgan Chase & Co. lifted their price target on shares of Centrus Energy from $178.00 to $180.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th.

Institutional Trading of Centrus Energy

Institutional investors have recently made changes to their positions in the business. Next Century Growth Investors LLC raised its stake in Centrus Energy by 56.2% during the fourth quarter. Next Century Growth Investors LLC now owns 33,462 shares of the company’s stock worth $8,123,000 after acquiring an additional 12,037 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Centrus Energy by 14.7% in the 4th quarter. Van ECK Associates Corp now owns 895,867 shares of the company’s stock valued at $217,481,000 after purchasing an additional 114,881 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Centrus Energy in the 2nd quarter valued at $1,356,000. Arlington Capital Management Inc. bought a new stake in shares of Centrus Energy in the 1st quarter worth about $3,115,000. Finally, MYDA Advisors LLC increased its position in shares of Centrus Energy by 47.1% during the 4th quarter. MYDA Advisors LLC now owns 25,000 shares of the company’s stock worth $6,069,000 after purchasing an additional 8,000 shares in the last quarter. 49.96% of the stock is currently owned by institutional investors and hedge funds.

Centrus Energy Stock Performance

NYSE LEU opened at $139.28 on Wednesday. The company’s fifty day moving average is $169.35 and its two-hundred day moving average is $177.96. Centrus Energy has a 52-week low of $135.74 and a 52-week high of $464.25. The company has a debt-to-equity ratio of 1.39, a current ratio of 5.39 and a quick ratio of 4.52. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 63.31, a P/E/G ratio of 11.06 and a beta of 1.53.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.77 EPS 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 during the quarter. During the same period in the prior year, the company posted $1.59 EPS. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. Equities research analysts forecast that Centrus Energy will post 4.21 EPS for the current year.

About Centrus Energy

Centrus Energy Corp. is a U.S.-based nuclear fuel company that supplies enriched uranium and related services to commercial nuclear power producers and other customers. Its business includes the sale of low-enriched uranium (LEU), which is used to manufacture fuel for nuclear reactors, as well as uranium enrichment and fuel-management services.

The company is also developing high-assay low-enriched uranium (HALEU), an advanced nuclear fuel intended for certain next-generation reactors.