Centrus Energy Corp. (NYSE:LEU – Get Free Report) has earned a consensus rating of “Moderate Buy” from the thirteen analysts that are presently covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $252.0833.
A number of research analysts have recently commented on LEU shares. Bank of America cut their price target on Centrus Energy from $240.00 to $205.00 and set a “neutral” rating for the company in a report on Thursday, July 9th. B. Riley Financial dropped their target price on shares of Centrus Energy from $315.00 to $295.00 and set a “buy” rating on the stock in a research report on Friday, April 24th. Truist Financial began coverage on shares of Centrus Energy in a research note on Monday, July 13th. They set a “buy” rating and a $215.00 target price for the company. Roth Capital reduced their price target on shares of Centrus Energy from $230.00 to $195.00 and set a “neutral” rating for the company in a report on Monday, June 22nd. Finally, Zacks Research upgraded shares of Centrus Energy from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th.
Get Our Latest Analysis on LEU
Insiders Place Their Bets
Hedge Funds Weigh In On Centrus Energy
A number of hedge funds have recently made changes to their positions in LEU. Handelsbanken Fonder AB lifted its holdings in shares of Centrus Energy by 27.4% during the 2nd quarter. Handelsbanken Fonder AB now owns 6,980 shares of the company’s stock worth $1,172,000 after acquiring an additional 1,500 shares during the period. Hennion & Walsh Asset Management Inc. raised its position in Centrus Energy by 10.9% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 12,820 shares of the company’s stock worth $2,152,000 after purchasing an additional 1,264 shares in the last quarter. GAMMA Investing LLC raised its position in Centrus Energy by 61.6% in the second quarter. GAMMA Investing LLC now owns 446 shares of the company’s stock worth $75,000 after purchasing an additional 170 shares in the last quarter. Parallel Advisors LLC lifted its stake in Centrus Energy by 38.5% during the first quarter. Parallel Advisors LLC now owns 338 shares of the company’s stock worth $59,000 after purchasing an additional 94 shares during the period. Finally, Glenmede Trust Co. NA lifted its stake in Centrus Energy by 98.4% during the first quarter. Glenmede Trust Co. NA now owns 2,877 shares of the company’s stock worth $499,000 after purchasing an additional 1,427 shares during the period. Institutional investors and hedge funds own 49.96% of the company’s stock.
Centrus Energy Stock Performance
LEU opened at $171.12 on Friday. The company has a market cap of $3.37 billion, a PE ratio of 56.66, a price-to-earnings-growth ratio of 21.59 and a beta of 1.35. The stock has a 50-day moving average of $171.10 and a 200-day moving average of $207.69. Centrus Energy has a 52-week low of $142.13 and a 52-week high of $464.25. The company has a debt-to-equity ratio of 1.52, a quick ratio of 4.88 and a current ratio of 5.72.
Centrus Energy (NYSE:LEU – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.72. The business had revenue of $76.70 million during the quarter, compared to the consensus estimate of $76.13 million. Centrus Energy had a net margin of 13.40% and a return on equity of 13.10%. Centrus Energy’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.60 EPS. As a group, equities research analysts forecast that Centrus Energy will post 2.7 earnings per share for the current fiscal year.
About Centrus Energy
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.
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