Centrus Energy Corp. (NYSE:LEU – Get Free Report)’s share price reached a new 52-week low during trading on Monday. The company traded as low as $135.50 and last traded at $136.0820, with a volume of 216,076 shares changing hands. The stock had previously closed at $142.44.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on LEU. UBS Group increased their target price on Centrus Energy from $170.00 to $185.00 and gave the company a “neutral” rating in a report on Wednesday, August 19th. HC Wainwright restated a “buy” rating and set a $300.00 price target on shares of Centrus Energy in a research note on Monday, July 27th. Truist Financial assumed coverage on shares of Centrus Energy in a research report on Monday, July 13th. They set a “buy” rating and a $215.00 price target for the company. Zacks Research raised shares of Centrus Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 28th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Centrus Energy from $178.00 to $180.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $231.13.
View Our Latest Report on Centrus Energy
Centrus Energy Trading Down 0.9%
Centrus Energy (NYSE:LEU – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $1.03. The business had revenue of $176.10 million during the quarter. Centrus Energy had a net margin of 10.23% and a return on equity of 7.06%. The company’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period last year, the business earned $1.59 earnings per share. As a group, research analysts forecast that Centrus Energy Corp. will post 4.21 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Goehring & Rozencwajg Associates LLC lifted its position in Centrus Energy by 18.1% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 202,058 shares of the company’s stock worth $35,075,000 after buying an additional 30,944 shares during the last quarter. Renaissance Technologies LLC increased its position in Centrus Energy by 217.4% during the first quarter. Renaissance Technologies LLC now owns 160,542 shares of the company’s stock valued at $27,868,000 after acquiring an additional 109,960 shares during the last quarter. Granahan Investment Management LLC increased its position in Centrus Energy by 19.2% during the first quarter. Granahan Investment Management LLC now owns 89,690 shares of the company’s stock valued at $15,569,000 after acquiring an additional 14,455 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of Centrus Energy by 349.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 49,479 shares of the company’s stock valued at $12,012,000 after acquiring an additional 38,472 shares during the period. Finally, SG Americas Securities LLC raised its stake in shares of Centrus Energy by 1,033.3% in the first quarter. SG Americas Securities LLC now owns 42,521 shares of the company’s stock valued at $7,381,000 after acquiring an additional 38,769 shares during the period. Hedge funds and other institutional investors own 49.96% of the company’s stock.
About Centrus Energy
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.
Recommended Stories
- Five stocks we like better than Centrus Energy
- Tax Credit Turmoil: Why Enphase and SolarEdge Face a Tough Road
- A Chinese Rival Just Spooked Memory Stocks—How Worried Should Micron Investors Be?
- Could T-Mobile’s Satellite Competition Fears Create a Buying Opportunity?
- Surgical Precision, Sustainable Returns: Johnson & Johnson Secures Its Cash Flow Runway
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.
