Centrus Energy (NYSE:LEU) Raised to “Strong-Buy” at Zacks Research

Centrus Energy (NYSE:LEU) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday, Zacks reports.

LEU has been the subject of several other research reports. Roth Capital reaffirmed a “neutral” rating and issued a $188.00 price objective on shares of Centrus Energy in a report on Thursday, August 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Centrus Energy in a research note on Tuesday, August 4th. JPMorgan Chase & Co. boosted their price target on shares of Centrus Energy from $178.00 to $180.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Stifel Nicolaus reduced their price target on shares of Centrus Energy from $246.00 to $216.00 and set a “buy” rating for the company in a research note on Tuesday, August 25th. Finally, Truist Financial began coverage on shares of Centrus Energy in a report on Monday, July 13th. They issued a “buy” rating and a $215.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Centrus Energy presently has an average rating of “Moderate Buy” and a consensus price target of $235.71.

Centrus Energy Stock Down 1.5%

Shares of Centrus Energy stock opened at $138.26 on Monday. 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 has a 1-year low of $135.85 and a 1-year high of $464.25. The business’s fifty day moving average price is $171.18 and its two-hundred day moving average price is $179.50. The company has a market capitalization of $2.76 billion, a P/E ratio of 62.84, a PEG ratio of 11.15 and a beta of 1.33.

Centrus Energy (NYSE:LEU) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $1.03. The company had revenue of $176.10 million during the quarter. Centrus Energy had a return on equity of 7.06% and a net margin of 10.23%.The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.59 EPS. As a group, research analysts forecast that Centrus Energy will post 4.21 EPS for the current year.

Institutional Investors Weigh In On Centrus Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. Van ECK Associates Corp boosted its position in shares of Centrus Energy by 14.7% during the 4th quarter. Van ECK Associates Corp now owns 895,867 shares of the company’s stock valued at $217,481,000 after purchasing an additional 114,881 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Centrus Energy by 43.3% in the 4th quarter. Bank of New York Mellon Corp now owns 473,145 shares of the company’s stock worth $114,861,000 after purchasing an additional 143,069 shares in the last quarter. Geode Capital Management LLC lifted its stake in Centrus Energy by 7.8% during the fourth quarter. Geode Capital Management LLC now owns 414,933 shares of the company’s stock valued at $100,746,000 after purchasing an additional 29,857 shares during the last quarter. Goehring & Rozencwajg Associates LLC lifted its stake in Centrus Energy by 6.3% during the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 171,114 shares of the company’s stock valued at $41,540,000 after purchasing an additional 10,127 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Centrus Energy by 217.4% during the first quarter. Renaissance Technologies LLC now owns 160,542 shares of the company’s stock worth $27,868,000 after buying an additional 109,960 shares in the last quarter. 49.96% of the stock is owned by institutional investors and hedge funds.

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 (LEU), which is used to fuel commercial nuclear reactors, as well as uranium enrichment and fuel-cycle services for utilities and other customers.

Centrus is also developing high-assay low-enriched uranium (HALEU), an advanced nuclear fuel intended for certain next-generation reactors. Through its American Centrifuge technology, the company is working to establish domestic enrichment capacity and support the production of HALEU for advanced reactor and national security applications.

The company traces its roots to the U.S.