Shares of Centrus Energy Corp. (NYSE:LEU – Get Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as $141.00 and last traded at $140.8340, with a volume of 314879 shares trading hands. The stock had previously closed at $146.25.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on LEU. Bank of America dropped their price objective on shares of Centrus Energy from $240.00 to $205.00 and set a “neutral” rating on the stock in a research note on Thursday, July 9th. Needham & Company LLC decreased 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 report on Friday, August 7th. Roth Capital reaffirmed a “neutral” rating and issued a $188.00 price target on shares of Centrus Energy in a research report on Thursday, August 6th. Zacks Research upgraded Centrus Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Northland Securities set a $270.00 price objective on Centrus Energy in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $235.71.
Get Our Latest Research Report on Centrus Energy
Centrus Energy Trading Down 3.6%
Centrus Energy (NYSE:LEU – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.77 EPS for the quarter, beating the consensus estimate of $0.74 by $1.03. Centrus Energy had a net margin of 10.23% and a return on equity of 7.06%. The firm had revenue of $176.10 million during the quarter. During the same quarter last year, the business posted $1.59 EPS. The company’s quarterly revenue was up 14.0% on a year-over-year basis. On average, equities analysts predict that Centrus Energy Corp. will post 2.75 EPS for the current fiscal year.
Institutional Trading of Centrus Energy
Institutional investors and hedge funds have recently modified their holdings of the business. Vermillion Wealth Management Inc. lifted its holdings 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 acquiring an additional 100 shares during the period. Western Wealth Management LLC bought a new position in Centrus Energy in the 1st quarter valued at $31,000. Leonteq Securities AG purchased a new stake in shares of Centrus Energy during the 1st quarter valued at $35,000. Hilton Head Capital Partners LLC purchased a new stake in shares of Centrus Energy during the 4th quarter valued at $36,000. 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 purchasing an additional 150 shares during the period. 49.96% of the stock is owned by hedge funds and other institutional investors.
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.
See Also
- Five stocks we like better than Centrus Energy
- 3 Healthcare Stocks for 3 Stages of Life
- Curaleaf Tries To Roll Up Aurora In a Hostile Cannabis Bid
- MarketBeat’s Most Downgraded Stocks in Q3: 2 Look Cheap, 1 Looks Risky
- Cashing in on the Qubit: NVIDIA Takes the Quantum Leap
Receive News & Ratings for Centrus Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centrus Energy and related companies with MarketBeat.com's FREE daily email newsletter.
