Centrus Energy (NYSE:LEU) Stock Rating Upgraded by Zacks Research

Centrus Energy (NYSE:LEU) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday, Zacks reports.

A number of other equities research analysts also recently issued reports on LEU. Jefferies Financial Group assumed coverage on Centrus Energy in a research report on Thursday, September 3rd. They set a “hold” rating and a $169.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective on Centrus Energy from $178.00 to $180.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. HC Wainwright reaffirmed a “buy” rating and issued a $300.00 price target on shares of Centrus Energy in a research note on Monday, July 27th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Centrus Energy in a report on Tuesday, August 4th. Finally, UBS Group boosted their price target on Centrus Energy from $170.00 to $185.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 19th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $235.71.

Centrus Energy Trading Down 1.5%

LEU stock opened at $138.26 on Monday. Centrus Energy has a 1-year low of $135.85 and a 1-year high of $464.25. The business has a 50 day simple moving average of $171.18 and a two-hundred day simple moving average of $179.50. 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 company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 62.84, a PEG ratio of 11.15 and a beta of 1.33.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $1.03. Centrus Energy had a return on equity of 7.06% and a net margin of 10.23%.The firm had revenue of $176.10 million during the quarter. During the same quarter in the previous year, the business earned $1.59 EPS. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. Research analysts anticipate that Centrus Energy will post 4.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vermillion Wealth Management Inc. boosted its position in Centrus Energy by 5,000.0% during the fourth quarter. Vermillion Wealth Management Inc. now owns 102 shares of the company’s stock worth $25,000 after purchasing an additional 100 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new stake in Centrus Energy in the fourth quarter valued at approximately $36,000. Western Wealth Management LLC purchased a new stake in shares of Centrus Energy in the first quarter valued at approximately $31,000. Leonteq Securities AG acquired a new position in shares of Centrus Energy during the 1st quarter worth approximately $35,000. Finally, IFP Advisors Inc raised its stake in shares of Centrus Energy by 172.4% during the 2nd quarter. IFP Advisors Inc now owns 237 shares of the company’s stock worth $40,000 after buying an additional 150 shares during the period. Hedge funds and other institutional investors own 49.96% of the company’s stock.

About Centrus Energy

Centrus Energy Corp. (NYSE: LEU) is a U.S.-based supplier of nuclear fuel and related services. The company provides enriched uranium products, including low-enriched uranium (LEU), which is used to fuel commercial nuclear reactors, as well as uranium enrichment and fuel-cycle services for utilities and other customers.

Centrus is also developing high-assay low-enriched uranium (HALEU), an advanced nuclear fuel intended for certain next-generation reactors. Through its American Centrifuge technology, the company is working to establish domestic enrichment capacity and support the production of HALEU for advanced reactor and national security applications.

The company traces its roots to the U.S.