Centrus Energy Corp. (NYSE:LEU – Get Free Report)’s share price was up 7.5% during trading on Tuesday after Texas Capital upgraded the stock to a strong-buy rating. The stock traded as high as $106.60 and last traded at $105.8380. Approximately 200,720 shares were traded during trading, a decline of 78% from the average daily volume of 904,985 shares. The stock had previously closed at $98.44.
Other equities analysts have also issued reports about the company. Northland Securities set a $270.00 target price on Centrus Energy in a report on Friday, September 11th. TD Cowen initiated coverage on Centrus Energy in a report on Monday. They set a “hold” rating and a $120.00 price target on the stock. Needham & Company LLC cut their price objective on Centrus Energy from $262.00 to $206.00 and set a “buy” rating on the stock in a research report on Tuesday, October 20th. Weiss Ratings upgraded Centrus Energy from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Finally, Barclays reduced their price objective on Centrus Energy from $207.00 to $150.00 and set an “equal weight” rating for the company in a research note on Thursday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $193.12.
View Our Latest Stock Analysis on LEU
Key Headlines Impacting Centrus Energy
Here are the key news stories impacting Centrus Energy this week:
- Positive Sentiment: Centrus began shipping its first new centrifuge from its Oak Ridge, Tennessee, manufacturing facility to Ohio. The milestone advances the company’s multibillion-dollar uranium-enrichment expansion and supports its strategy to rebuild a domestic, unobligated nuclear-fuel supply chain serving commercial and national-security customers. Centrus Begins Shipping Centrifuges to Ohio
- Positive Sentiment: Texas Capital initiated coverage with a “strong-buy” rating, describing nuclear enrichment as essential and helping reinforce the long-term investment case. Texas Capital Starts Coverage
- Positive Sentiment: B. Riley maintained a “buy” rating despite cutting its price target to $188 from $295. The revised target still implies substantial upside from the quoted share price. B. Riley Price Target Update
- Positive Sentiment: Recent coverage has also pointed to potential upside from the company’s Westerman-related deal and ongoing interest in high-assay low-enriched uranium (HALEU), both of which could expand Centrus’s future opportunities. Westerman Deal Coverage
- Neutral Sentiment: JPMorgan issued a pessimistic forecast for LEU, highlighting valuation and execution risks that could limit further gains. JPMorgan Forecast
- Negative Sentiment: Zacks downgraded Centrus from “strong-buy” to “hold,” reducing near-term analyst momentum. Zacks Rating
- Negative Sentiment: Zacks expects third-quarter earnings to decline and sees an unfavorable setup for a likely earnings beat, increasing caution ahead of the report. Centrus Earnings Preview
Institutional Trading of Centrus Energy
A number of large investors have recently bought and sold shares of LEU. Goehring & Rozencwajg Associates LLC lifted its position 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 worth $35,075,000 after acquiring an additional 30,944 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Centrus Energy by 217.4% in the first quarter. Renaissance Technologies LLC now owns 160,542 shares of the company’s stock worth $27,868,000 after acquiring an additional 109,960 shares during the period. Granahan Investment Management LLC boosted its holdings in shares of Centrus Energy by 19.2% in the first quarter. Granahan Investment Management LLC now owns 89,690 shares of the company’s stock worth $15,569,000 after acquiring an additional 14,455 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Centrus Energy in the third quarter worth $6,744,000. Finally, Atlas Wealth LLC purchased a new position in shares of Centrus Energy in the first quarter valued at $4,376,000. 49.96% of the stock is owned by hedge funds and other institutional investors.
Centrus Energy Stock Performance
The company has a quick ratio of 4.52, a current ratio of 5.39 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $2.23 billion, a PE ratio of 50.80, a PEG ratio of 8.14 and a beta of 1.53. The company has a 50-day moving average price of $148.25 and a two-hundred day moving average price of $188.50.
Centrus Energy (NYSE:LEU – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $1.03. Centrus Energy had a return on equity of 7.06% and a net margin of 10.23%. The business had revenue of $176.10 million for the quarter. During the same period last year, the company posted $1.59 EPS. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. Analysts predict that Centrus Energy Corp. will post 4.21 EPS for the current fiscal year.
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 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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