Centrus Energy’s (LEU) Buy Rating Reiterated at HC Wainwright

Centrus Energy (NYSE:LEU)‘s stock had its “buy” rating reaffirmed by stock analysts at HC Wainwright in a research note issued to investors on Wednesday, Benzinga reports. They presently have a $300.00 price target on the stock. HC Wainwright‘s target price points to a potential upside of 173.07% from the stock’s current price.

A number of other equities research analysts also recently commented on the company. Stifel Nicolaus dropped their price objective on Centrus Energy from $246.00 to $216.00 and set a “buy” rating for the company in a report on Tuesday, August 25th. UBS Group raised their price objective on shares of Centrus Energy from $170.00 to $185.00 and gave the stock a “neutral” rating in a report on Wednesday, August 19th. Needham & Company LLC reduced their price target on Centrus Energy from $262.00 to $206.00 and set a “buy” rating for the company in a research report on Tuesday. Barclays began coverage on Centrus Energy in a report on Tuesday, August 18th. They issued an “equal weight” rating and a $207.00 price objective for the company. Finally, Northland Securities set a $270.00 target price on shares of Centrus Energy in a research note on Friday, September 11th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $222.53.

Centrus Energy Price Performance

Centrus Energy stock opened at $109.86 on Wednesday. The company has a market capitalization of $2.19 billion, a PE ratio of 49.94, a price-to-earnings-growth ratio of 8.75 and a beta of 1.53. The business has a 50 day simple moving average of $157.60 and a 200 day simple moving average of $172.90. Centrus Energy has a one year low of $106.00 and a one year high of $401.99. The company has a debt-to-equity ratio of 1.39, a current ratio of 5.39 and a quick ratio of 4.52.

Centrus Energy (NYSE:LEU) last announced its earnings results on Wednesday, August 5th. The company reported $1.77 EPS for the quarter, topping the consensus estimate 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 in the previous year, the firm earned $1.59 earnings per share. The firm’s revenue was up 14.0% compared to the same quarter last year. On average, sell-side analysts forecast that Centrus Energy will post 4.21 EPS for the current fiscal year.

Institutional Trading of Centrus Energy

Several hedge funds and other institutional investors have recently made changes to their positions in LEU. Renaissance Technologies LLC increased its holdings in Centrus Energy by 217.4% in the first quarter. Renaissance Technologies LLC now owns 160,542 shares of the company’s stock valued at $27,868,000 after purchasing an additional 109,960 shares during the period. SG Americas Securities LLC raised its position in Centrus Energy by 1,033.3% during the 1st quarter. SG Americas Securities LLC now owns 42,521 shares of the company’s stock worth $7,381,000 after purchasing an additional 38,769 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in Centrus Energy by 349.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 49,479 shares of the company’s stock worth $12,012,000 after buying an additional 38,472 shares during the period. Goehring & Rozencwajg Associates LLC lifted its holdings in Centrus Energy by 18.1% during the 1st 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 period. Finally, Atlas Wealth LLC bought a new stake in shares of Centrus Energy in the 1st quarter valued at about $4,376,000. 49.96% of the stock is currently owned by institutional investors.

Centrus Energy Company Profile

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.