Centrus Energy (NYSE:LEU) Upgraded at Roth Capital

Centrus Energy (NYSE:LEU) was upgraded by analysts at Roth Capital from a “neutral” rating to a “buy” rating in a report released on Friday, Marketbeat Ratings reports. The brokerage presently has a $115.00 price objective on the stock. Roth Capital‘s price target would indicate a potential upside of 29.67% from the company’s current price.

Several other research firms have also recently weighed in on LEU. B. Riley Financial decreased their price objective on shares of Centrus Energy from $295.00 to $188.00 and set a “buy” rating for the company in a research report on Wednesday, October 28th. Weiss Ratings raised shares of Centrus Energy from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. UBS Group dropped their target price on shares of Centrus Energy from $185.00 to $120.00 and set a “neutral” rating on the stock in a report on Friday, October 23rd. Guggenheim began coverage on shares of Centrus Energy in a research report on Thursday, October 8th. They set a “buy” rating and a $167.00 price target on the stock. Finally, Truist Financial decreased their price target on Centrus Energy from $215.00 to $178.00 and set a “buy” rating for the company in a report on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $193.12.

Centrus Energy Stock Performance

NYSE:LEU opened at $88.69 on Friday. The company has a market capitalization of $1.77 billion, a PE ratio of 25.93, a P/E/G ratio of 8.87 and a beta of 1.40. The company has a 50 day simple moving average of $137.84 and a two-hundred day simple moving average of $182.13. The company has a debt-to-equity ratio of 1.39, a quick ratio of 4.52 and a current ratio of 5.39. Centrus Energy has a fifty-two week low of $84.86 and a fifty-two week high of $345.60.

Centrus Energy (NYSE:LEU) last released its quarterly earnings results on Wednesday, November 4th. The company reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.33). The firm had revenue of $55.50 million for the quarter. Centrus Energy had a return on equity of 9.58% and a net margin of 16.77%. The business’s revenue was down 25.9% on a year-over-year basis. During the same period last year, the firm posted $0.19 EPS. Research analysts anticipate that Centrus Energy will post 3.49 earnings per share for the current year.

Hedge Funds Weigh In On Centrus Energy

Institutional investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp grew its position in shares of Centrus Energy by 138.2% during the 3rd quarter. Fifth Third Bancorp now owns 6,870 shares of the company’s stock worth $958,000 after buying an additional 3,986 shares during the period. Maryland State Retirement & Pension System bought a new stake in shares of Centrus Energy in the 3rd quarter valued at $598,000. Fulcrum Asset Management LLP increased its stake in shares of Centrus Energy by 420.2% in the 3rd quarter. Fulcrum Asset Management LLP now owns 4,484 shares of the company’s stock valued at $620,000 after acquiring an additional 3,622 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in shares of Centrus Energy by 123.9% during the 3rd quarter. Pictet Asset Management Holding SA now owns 6,452 shares of the company’s stock valued at $900,000 after acquiring an additional 3,570 shares during the period. Finally, Parallel Advisors LLC lifted its position in shares of Centrus Energy by 154.4% during the 3rd quarter. Parallel Advisors LLC now owns 659 shares of the company’s stock valued at $92,000 after acquiring an additional 400 shares during the period. 49.96% of the stock is owned by institutional investors and hedge funds.

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.