Shares of Centrus Energy Corp. (NYSE:LEU – Get Free Report) hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as $135.85 and last traded at $136.6460, with a volume of 211253 shares changing hands. The stock had previously closed at $139.49.
Analysts Set New Price Targets
LEU has been the subject of several research analyst reports. UBS Group upped their price objective on Centrus Energy from $170.00 to $185.00 and gave the company a “neutral” rating in a report on Wednesday, August 19th. Truist Financial assumed coverage on Centrus Energy in a report on Monday, July 13th. They set a “buy” rating and a $215.00 target price on the stock. Zacks Research upgraded shares of Centrus Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday. Jefferies Financial Group began coverage on shares of Centrus Energy in a report on Thursday, September 3rd. They issued a “hold” rating and a $169.00 price target for the company. Finally, Northland Securities set a $270.00 price objective on shares of Centrus Energy in a research report on Friday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $235.71.
Get Our Latest Stock Report on LEU
Centrus Energy Price Performance
Centrus Energy (NYSE:LEU – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.77 earnings per share for the quarter, topping the consensus estimate of $0.74 by $1.03. The business had revenue of $176.10 million during the quarter. Centrus Energy had a return on equity of 7.06% and a net margin of 10.23%.The business’s revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.59 earnings per share. On average, sell-side analysts predict that Centrus Energy Corp. will post 4.21 earnings per share for the current year.
Hedge Funds Weigh In On Centrus Energy
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. WINTON GROUP Ltd acquired a new stake in Centrus Energy during the 2nd quarter valued at $1,356,000. Engineers Gate Manager LP boosted its position in shares of Centrus Energy by 261.4% in the second quarter. Engineers Gate Manager LP now owns 4,756 shares of the company’s stock worth $798,000 after buying an additional 3,440 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of Centrus Energy during the second quarter valued at $348,000. NewEdge Advisors LLC grew its holdings in shares of Centrus Energy by 5.0% during the second quarter. NewEdge Advisors LLC now owns 2,634 shares of the company’s stock valued at $442,000 after buying an additional 125 shares in the last quarter. Finally, IFP Advisors Inc raised its position in Centrus Energy by 172.4% during the second quarter. IFP Advisors Inc now owns 237 shares of the company’s stock valued at $40,000 after buying an additional 150 shares during the period. 49.96% of the stock is currently owned by hedge funds and other institutional investors.
Centrus Energy Company Profile
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.
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