Centrus Energy (NYSE:LEU) Sets New 12-Month Low – Time to Sell?

Centrus Energy Corp. (NYSE:LEU)’s share price hit a new 52-week low during mid-day trading on Monday. The stock traded as low as $96.31 and last traded at $96.5740, with a volume of 442,399 shares. The stock had previously closed at $103.29.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on LEU shares. TD Cowen assumed coverage on shares of Centrus Energy in a report on Monday, October 26th. They issued a “hold” rating and a $120.00 price objective for the company. B. Riley Financial decreased their price target on Centrus Energy from $295.00 to $188.00 and set a “buy” rating for the company in a research note on Wednesday, October 28th. HC Wainwright reaffirmed a “buy” rating and set a $300.00 price target on shares of Centrus Energy in a report on Wednesday, October 21st. Needham & Company LLC lowered their target price on shares of Centrus Energy from $262.00 to $206.00 and set a “buy” rating on the stock in a research note on Tuesday, October 20th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Centrus Energy has a consensus rating of “Moderate Buy” and a consensus target price of $193.12.

Centrus Energy Stock Performance

The company has a market cap of $1.89 billion, a PE ratio of 43.06, a PEG ratio of 9.90 and a beta of 1.41. 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 business’s 50 day moving average is $145.30 and its two-hundred day moving average is $186.49.

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, 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 last year, the company earned $1.59 earnings per share. The firm’s revenue was up 14.0% on a year-over-year basis. On average, equities research analysts anticipate that Centrus Energy Corp. will post 3.49 EPS for the current year.

Institutional Investors Weigh In On Centrus Energy

Hedge funds have recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund acquired a new position in Centrus Energy during the 3rd quarter valued at about $604,000. Salomon & Ludwin LLC acquired a new stake in Centrus Energy during the 3rd quarter worth about $28,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Centrus Energy during the 3rd quarter valued at about $6,744,000. Pilgrim Partners Asia Pte Ltd grew its stake in Centrus Energy by 45.5% during the 3rd quarter. Pilgrim Partners Asia Pte Ltd now owns 800 shares of the company’s stock valued at $112,000 after purchasing an additional 250 shares during the last quarter. Finally, ProShare Advisors LLC grew its stake in Centrus Energy by 5.0% during the 3rd quarter. ProShare Advisors LLC now owns 2,565 shares of the company’s stock valued at $358,000 after purchasing an additional 123 shares during the last quarter. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

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.