Centrus Energy Corp. (NYSE:LEU) Stock Has Consensus Target Price of $235.71

Centrus Energy Corp. (NYSE:LEU) has been assigned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the firm, Marketbeat reports. Eight equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $235.71.

LEU has been the subject of several research reports. Truist Financial assumed coverage on Centrus Energy in a research report on Monday, July 13th. They issued a “buy” rating and a $215.00 target price for the company. Stifel Nicolaus reduced their price target on shares of Centrus Energy from $246.00 to $216.00 and set a “buy” rating on the stock in a research report on Tuesday, August 25th. HC Wainwright reissued a “buy” rating and issued a $300.00 price objective on shares of Centrus Energy in a research note on Monday, July 27th. JPMorgan Chase & Co. lifted their price objective on shares of Centrus Energy from $178.00 to $180.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Finally, Needham & Company LLC cut their target price on shares of Centrus Energy from $264.00 to $262.00 and set a “buy” rating on the stock in a research note on Friday, August 7th.

Centrus Energy Trading Up 0.1%

LEU opened at $139.28 on Wednesday. Centrus Energy has a 52 week low of $135.74 and a 52 week high of $464.25. The business has a fifty day simple moving average of $169.35 and a 200-day simple moving average of $178.20. The firm has a market cap of $2.78 billion, a P/E ratio of 63.31, a P/E/G ratio of 11.05 and a beta of 1.53. The company has a quick ratio of 4.52, a current ratio of 5.39 and a debt-to-equity ratio of 1.39.

Centrus Energy (NYSE:LEU) last posted 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. Centrus Energy had a return on equity of 7.06% and a net margin of 10.23%.The firm had revenue of $176.10 million for the quarter. During the same quarter in the prior year, the firm posted $1.59 EPS. Centrus Energy’s quarterly revenue was up 14.0% compared to the same quarter last year. On average, equities analysts expect that Centrus Energy will post 4.21 earnings per share for the current year.

Hedge Funds Weigh In On Centrus Energy

Several institutional investors have recently modified their holdings of the business. Van ECK Associates Corp raised its stake in shares of Centrus Energy by 14.7% in the fourth quarter. Van ECK Associates Corp now owns 895,867 shares of the company’s stock valued at $217,481,000 after acquiring an additional 114,881 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Centrus Energy by 43.3% during 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 grew its stake in Centrus Energy by 7.8% during the 4th quarter. Geode Capital Management LLC now owns 414,933 shares of the company’s stock worth $100,746,000 after purchasing an additional 29,857 shares in the last quarter. Goehring & Rozencwajg Associates LLC grew its stake in Centrus Energy by 6.3% during the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 171,114 shares of the company’s stock worth $41,540,000 after purchasing an additional 10,127 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Centrus Energy by 217.4% during the 1st quarter. Renaissance Technologies LLC now owns 160,542 shares of the company’s stock worth $27,868,000 after purchasing an additional 109,960 shares during the period. Institutional investors and hedge funds own 49.96% of the company’s stock.

Centrus Energy Company Profile

Centrus Energy Corp. is a U.S.-based nuclear fuel company that supplies enriched uranium and related services to commercial nuclear power producers and other customers. Its business includes the sale of low-enriched uranium (LEU), which is used to manufacture fuel for nuclear reactors, as well as uranium enrichment and fuel-management services.

The company is also developing high-assay low-enriched uranium (HALEU), an advanced nuclear fuel intended for certain next-generation reactors.