Centrus Energy (NYSE:LEU) Sets New 52-Week High – Time to Buy?

Shares of Centrus Energy Corp. (NYSE:LEU) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $430.00 and last traded at $400.74, with a volume of 1935313 shares trading hands. The stock had previously closed at $363.71.

Wall Street Analyst Weigh In

Several research analysts recently commented on LEU shares. Northland Securities set a $275.00 target price on Centrus Energy in a research report on Thursday, August 7th. Stifel Nicolaus began coverage on Centrus Energy in a research report on Friday, July 11th. They issued a “buy” rating and a $220.00 target price on the stock. HC Wainwright reaffirmed a “buy” rating and set a $300.00 price target on shares of Centrus Energy in a research report on Tuesday, August 26th. William Blair restated an “outperform” rating on shares of Centrus Energy in a research note on Wednesday, July 9th. Finally, Bank of America restated a “neutral” rating and set a $285.00 price objective (up from $210.00) on shares of Centrus Energy in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Centrus Energy presently has a consensus rating of “Moderate Buy” and an average price target of $202.09.

Centrus Energy Trading Up 10.2%

The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93. The business has a fifty day simple moving average of $250.59 and a 200 day simple moving average of $174.47. The stock has a market capitalization of $7.30 billion, a price-to-earnings ratio of 90.87 and a beta of 1.51.

Centrus Energy (NYSE:LEU) last announced its earnings results on Tuesday, August 5th. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $1.01. Centrus Energy had a net margin of 16.56% and a return on equity of 84.09%. The business’s revenue for the quarter was down 18.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.89 earnings per share. As a group, research analysts expect that Centrus Energy Corp. will post 2.63 EPS for the current year.

Institutional Trading of Centrus Energy

Institutional investors have recently modified their holdings of the stock. Baader Bank Aktiengesellschaft acquired a new position in Centrus Energy in the second quarter valued at about $1,302,000. GC Wealth Management RIA LLC acquired a new position in shares of Centrus Energy during the 2nd quarter worth $1,099,000. Dynamic Technology Lab Private Ltd bought a new position in Centrus Energy in the first quarter valued at about $625,000. Clear Creek Financial Management LLC bought a new position in Centrus Energy in the second quarter valued at about $227,000. Finally, GAMMA Investing LLC boosted its stake in shares of Centrus Energy by 8,075.0% in the 1st quarter. GAMMA Investing LLC now owns 12,753 shares of the company’s stock valued at $793,000 after purchasing an additional 12,597 shares in the last quarter. 49.96% of the stock is currently owned by institutional investors.

Centrus Energy Company Profile

Centrus Energy Corp. supplies nuclear fuel components and services for the nuclear power industry in the United States, Belgium, Japan, and internationally. The company operates through two segments, Low-Enriched Uranium (LEU) and Technical Solutions. The LEU segment sells separative work units (SWU) components of LEU; natural uranium hexafluoride, uranium concentrates, and uranium conversion; and enriched uranium products to utilities that operate nuclear power plants.