Centrus Energy’s (LEU) Buy Rating Reiterated at Needham & Company LLC

Centrus Energy (NYSE:LEU)‘s stock had its “buy” rating reaffirmed by equities research analysts at Needham & Company LLC in a research note issued to investors on Monday,Benzinga reports. They presently have a $357.00 price target on the stock. Needham & Company LLC’s target price would indicate a potential upside of 36.43% from the company’s current price.

LEU has been the topic of several other research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Centrus Energy in a report on Wednesday. JPMorgan Chase & Co. lowered their target price on shares of Centrus Energy from $275.00 to $245.00 and set a “neutral” rating on the stock in a research note on Friday, November 7th. HC Wainwright reissued a “buy” rating and issued a $300.00 price target on shares of Centrus Energy in a research note on Tuesday, August 26th. Finally, UBS Group set a $245.00 price objective on shares of Centrus Energy in a research report on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Centrus Energy has an average rating of “Moderate Buy” and an average price target of $239.36.

Centrus Energy Stock Performance

NYSE LEU opened at $261.66 on Monday. The company’s 50 day simple moving average is $299.23 and its two-hundred day simple moving average is $249.18. The company has a debt-to-equity ratio of 3.23, a current ratio of 3.46 and a quick ratio of 2.79. Centrus Energy has a 1 year low of $49.40 and a 1 year high of $464.25. The stock has a market capitalization of $4.76 billion, a PE ratio of 39.77 and a beta of 1.33.

Centrus Energy (NYSE:LEU) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.17). Centrus Energy had a return on equity of 37.14% and a net margin of 25.04%.Centrus Energy’s quarterly revenue was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.30) earnings per share. Analysts predict that Centrus Energy will post 2.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Centrus Energy

Large investors have recently added to or reduced their stakes in the business. RiverPark Advisors LLC purchased a new stake in Centrus Energy in the third quarter worth approximately $33,000. Nisa Investment Advisors LLC lifted its holdings in shares of Centrus Energy by 157.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 183 shares of the company’s stock valued at $34,000 after buying an additional 112 shares during the period. Fulcrum Asset Management LLP purchased a new position in shares of Centrus Energy in the 3rd quarter worth $34,000. USA Financial Formulas purchased a new position in shares of Centrus Energy in the 2nd quarter worth $35,000. Finally, Harbour Investments Inc. grew its holdings in shares of Centrus Energy by 1,181.3% in the second quarter. Harbour Investments Inc. now owns 205 shares of the company’s stock worth $38,000 after acquiring an additional 189 shares during the period. Hedge funds and other institutional investors own 49.96% of the company’s stock.

Centrus Energy Company Profile

Centrus Energy Corp is a U.S.-based supplier of nuclear fuel and enrichment services, specializing in the production of low-enriched uranium (LEU) for commercial power reactors and highly enriched uranium for naval propulsion. Through its Centrus Global subsidiary, the company provides technical support, fuel fabrication services and recycled uranium products to utilities operating light-water reactors. Centrus also develops advanced centrifuge technologies aimed at improving enrichment efficiency and reducing the cost of nuclear fuel.

Originally founded as the United States Enrichment Corporation (USEC) in 1998 following a spin-out from the U.S.