Centrus Energy (NYSE:LEU) Earns “Buy” Rating from HC Wainwright

Centrus Energy (NYSE:LEU)‘s stock had its “buy” rating restated by stock analysts at HC Wainwright in a research note issued on Wednesday, Benzinga reports. They presently have a $300.00 target price on the stock. HC Wainwright‘s target price would suggest a potential upside of 172.33% from the stock’s current price.

A number of other research firms have also recently weighed in on LEU. Guggenheim started coverage on shares of Centrus Energy in a research note on Thursday, October 8th. They issued a “buy” rating and a $167.00 target price on the stock. Northland Securities set a $270.00 price target on shares of Centrus Energy in a report on Friday, September 11th. Bank of America lowered their price target on shares of Centrus Energy from $240.00 to $205.00 and set a “neutral” rating on the stock in a report on Thursday, July 9th. Weiss Ratings upgraded Centrus Energy from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Finally, Truist Financial initiated coverage on Centrus Energy in a report on Monday, July 13th. They set a “buy” rating and a $215.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $222.53.

Centrus Energy Stock Performance

LEU stock traded up $0.28 during midday trading on Wednesday, hitting $110.16. The company’s stock had a trading volume of 396,187 shares, compared to its average volume of 906,593. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 50.11, a PEG ratio of 8.75 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. The stock’s 50-day moving average price is $157.60 and its 200 day moving average price is $172.90. Centrus Energy has a 1 year low of $106.00 and a 1 year high of $401.99.

Centrus Energy (NYSE:LEU) last announced its earnings results 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. The firm 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 prior year, the business earned $1.59 earnings per share. On average, equities analysts forecast that Centrus Energy will post 4.21 EPS for the current year.

Hedge Funds Weigh In On Centrus Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Goehring & Rozencwajg Associates LLC lifted its holdings in shares of Centrus Energy by 18.1% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 202,058 shares of the company’s stock worth $35,075,000 after buying an additional 30,944 shares in the last quarter. Renaissance Technologies LLC grew its stake in Centrus Energy by 217.4% during the first quarter. Renaissance Technologies LLC now owns 160,542 shares of the company’s stock valued at $27,868,000 after acquiring an additional 109,960 shares in the last quarter. Granahan Investment Management LLC increased its holdings in Centrus Energy by 19.2% during the 1st quarter. Granahan Investment Management LLC now owns 89,690 shares of the company’s stock worth $15,569,000 after acquiring an additional 14,455 shares during the period. Rockefeller Capital Management L.P. increased its holdings in Centrus Energy by 349.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 49,479 shares of the company’s stock worth $12,012,000 after acquiring an additional 38,472 shares during the period. Finally, SG Americas Securities LLC lifted its stake in Centrus Energy by 1,033.3% in the 1st quarter. SG Americas Securities LLC now owns 42,521 shares of the company’s stock worth $7,381,000 after purchasing an additional 38,769 shares in the last quarter. Institutional investors own 49.96% of the company’s stock.

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.