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

Centrus Energy (NYSE:LEU)‘s stock had its “buy” rating reiterated by investment analysts at HC Wainwright in a research note issued on Wednesday, Benzinga reports. They presently have a $300.00 price target on the stock. HC Wainwright‘s price target would suggest a potential upside of 176.74% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Bank of America cut their price objective on shares of Centrus Energy from $240.00 to $205.00 and set a “neutral” rating for the company in a report on Thursday, July 9th. Stifel Nicolaus dropped their price objective 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. Zacks Research upgraded Centrus Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, September 28th. Roth Capital set a $115.00 target price on Centrus Energy in a research report on Tuesday. Finally, Guggenheim initiated 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. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $222.53.

Centrus Energy Price Performance

Shares of LEU traded down $1.48 during trading hours on Wednesday, reaching $108.41. 490,451 shares of the stock traded hands, compared to its average volume of 906,932. The company’s 50-day moving average price is $157.60 and its two-hundred day moving average price is $172.90. Centrus Energy has a 52-week low of $106.00 and a 52-week high of $401.99. The company has a market cap of $2.16 billion, a P/E ratio of 49.21, a price-to-earnings-growth ratio of 8.75 and a beta of 1.53. The company has a current ratio of 5.39, a quick ratio of 4.52 and a debt-to-equity ratio of 1.39.

Centrus Energy (NYSE:LEU) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates 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 business’s revenue was up 14.0% on a year-over-year basis. During the same period last year, the company earned $1.59 EPS. On average, analysts anticipate that Centrus Energy will post 4.21 earnings per share for the current year.

Institutional Trading of Centrus Energy

A number of hedge funds have recently added to or reduced their stakes in LEU. Carlson Financial Inc. grew its position in shares of Centrus Energy by 2.2% in the 2nd quarter. Carlson Financial Inc. now owns 2,667 shares of the company’s stock worth $448,000 after buying an additional 58 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of Centrus Energy by 38.5% during the 1st quarter. Parallel Advisors LLC now owns 338 shares of the company’s stock worth $59,000 after acquiring an additional 94 shares in the last quarter. Banque Cantonale Vaudoise raised its stake in shares of Centrus Energy by 4.0% during the 1st quarter. Banque Cantonale Vaudoise now owns 2,599 shares of the company’s stock worth $451,000 after acquiring an additional 99 shares in the last quarter. Wellington Management Group LLP lifted its position in Centrus Energy by 7.2% during the second quarter. Wellington Management Group LLP now owns 1,637 shares of the company’s stock valued at $275,000 after acquiring an additional 110 shares during the last quarter. Finally, NFSG Corp lifted its position in Centrus Energy by 44.8% during the first quarter. NFSG Corp now owns 362 shares of the company’s stock valued at $63,000 after acquiring an additional 112 shares during the last quarter. 49.96% of the stock is 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.