Centrus Energy (NYSE:LEU) Stock Keeps “Buy” Rating at HC Wainwright

Centrus Energy (NYSE:LEU)‘s stock had its “buy” rating reiterated by equities researchers at HC Wainwright in a research note issued on Wednesday, Benzinga reports. They presently have a $300.00 target price on the stock. HC Wainwright‘s target price indicates a potential upside of 171.38% from the stock’s previous close.

Several other analysts have also recently issued reports on LEU. Weiss Ratings raised Centrus Energy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. JPMorgan Chase & Co. boosted their price target on Centrus Energy from $178.00 to $180.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Northland Securities set a $270.00 price target on Centrus Energy in a research report on Friday, September 11th. Truist Financial initiated coverage on Centrus Energy in a research note on Monday, July 13th. They set a “buy” rating and a $215.00 price objective for the company. Finally, Stifel Nicolaus dropped their price objective on Centrus Energy from $246.00 to $216.00 and set a “buy” rating on the stock in a research report on Tuesday, August 25th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $222.53.

Centrus Energy Stock Up 0.6%

Shares of LEU traded up $0.67 during mid-day trading on Wednesday, hitting $110.55. The company’s stock had a trading volume of 237,152 shares, compared to its average volume of 905,795. The company has a current ratio of 5.39, a quick ratio of 4.52 and a debt-to-equity ratio of 1.39. The company’s 50-day moving average is $157.60 and its 200-day moving average is $172.90. Centrus Energy has a 52-week low of $106.00 and a 52-week high of $401.99. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 50.29, a PEG ratio of 8.75 and a beta of 1.53.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings data 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 company 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%. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.59 earnings per share. On average, equities research analysts forecast that Centrus Energy will post 4.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Centrus Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. Carlson Financial Inc. increased its holdings in shares of Centrus Energy by 2.2% during the second quarter. Carlson Financial Inc. now owns 2,667 shares of the company’s stock valued at $448,000 after acquiring an additional 58 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Centrus Energy by 38.5% in the 1st quarter. Parallel Advisors LLC now owns 338 shares of the company’s stock valued at $59,000 after purchasing an additional 94 shares during the last quarter. Banque Cantonale Vaudoise raised its position in shares of Centrus Energy by 4.0% in the 1st quarter. Banque Cantonale Vaudoise now owns 2,599 shares of the company’s stock valued at $451,000 after purchasing an additional 99 shares during the last quarter. Wellington Management Group LLP boosted its stake in Centrus Energy by 7.2% in the 2nd quarter. Wellington Management Group LLP now owns 1,637 shares of the company’s stock worth $275,000 after purchasing an additional 110 shares in the last quarter. Finally, NFSG Corp boosted its stake in Centrus Energy by 44.8% in the 1st quarter. NFSG Corp now owns 362 shares of the company’s stock worth $63,000 after purchasing an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 49.96% of the company’s stock.

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.