Centrus Energy (NYSE:LEU) Stock Gets Price Target Trim from Truist Financial

Centrus Energy (NYSE:LEU – Free Report) had its price target trimmed by Truist Financial from $215.00 to $178.00 in a research note published on Thursday morning, MarketBeat reports. The brokerage currently has a buy rating on the stock.

LEU has been the subject of a number of other reports. Roth Capital set a $115.00 price target on Centrus Energy in a report on Tuesday. Zacks Research raised Centrus Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 28th. Guggenheim started coverage on Centrus Energy in a research note on Thursday, October 8th. They issued a “buy” rating and a $167.00 price objective on the stock. UBS Group upped their target price on Centrus Energy from $170.00 to $185.00 and gave the company a “neutral” rating in a research report on Wednesday, August 19th. Finally, Needham & Company LLC lowered their target price on Centrus Energy from $262.00 to $206.00 and set a “buy” rating for the company in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $211.93.

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Centrus Energy Trading Down 1.7%

LEU opened at $102.38 on Thursday. Centrus Energy has a twelve month low of $99.33 and a twelve month high of $401.99. The company has a fifty day moving average of $152.53 and a 200-day moving average of $171.34. The stock has a market cap of $2.04 billion, a PE ratio of 46.54, a price-to-earnings-growth ratio of 8.14 and a beta of 1.53. The company has a quick ratio of 4.52, a current ratio of 5.39 and a debt-to-equity ratio of 1.39.

Centrus Energy (NYSE:LEU – Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $1.03. The business had revenue of $176.10 million for the quarter. Centrus Energy had a net margin of 10.23% and a return on equity of 7.06%. Centrus Energy’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.59 EPS. On average, sell-side analysts predict that Centrus Energy will post 4.21 EPS for the current year.

Institutional Investors Weigh In On Centrus Energy

A number of large investors have recently bought and sold shares of the stock. Goehring & Rozencwajg Associates LLC raised its holdings in shares of Centrus Energy by 18.1% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 202,058 shares of the company’s stock valued at $35,075,000 after purchasing an additional 30,944 shares during the period. Renaissance Technologies LLC grew its stake in shares of Centrus Energy by 217.4% in the 1st quarter. Renaissance Technologies LLC now owns 160,542 shares of the company’s stock valued at $27,868,000 after buying an additional 109,960 shares during the period. Granahan Investment Management LLC grew its stake in shares of Centrus Energy by 19.2% in the 1st quarter. Granahan Investment Management LLC now owns 89,690 shares of the company’s stock valued at $15,569,000 after buying an additional 14,455 shares during the period. Rockefeller Capital Management L.P. grew its stake in shares of Centrus Energy by 349.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 49,479 shares of the company’s stock valued at $12,012,000 after buying an additional 38,472 shares during the period. Finally, SG Americas Securities LLC increased its position in Centrus Energy by 1,033.3% in the 1st quarter. SG Americas Securities LLC now owns 42,521 shares of the company’s stock valued at $7,381,000 after buying an additional 38,769 shares in the last quarter. 49.96% of the stock is currently owned by institutional investors and hedge funds.

Centrus Energy Company Profile

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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 used to fuel commercial nuclear reactors, as well as uranium and fuel-management services for utilities and other customers in the nuclear energy industry.

Centrus is also developing high-assay low-enriched uranium (HALEU), an advanced fuel intended for certain next-generation and small modular reactors. Its American Centrifuge technology is being developed to support domestic uranium enrichment and reduce reliance on foreign fuel-supply chains.

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Analyst Recommendations for Centrus Energy (NYSE:LEU)

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