Centrus Energy (NYSE:LEU) Given “Buy” Rating at HC Wainwright

Centrus Energy (NYSE:LEU)‘s stock had its “buy” rating reaffirmed by equities researchers at HC Wainwright in a report issued on Wednesday, Benzinga reports. They currently have a $300.00 price target on the stock. HC Wainwright‘s target price would suggest a potential upside of 196.50% from the stock’s previous close.

A number of other research firms also recently weighed in on LEU. Jefferies Financial Group began coverage on Centrus Energy in a research report on Thursday, September 3rd. They set a “hold” rating and a $169.00 target price for the company. Weiss Ratings raised Centrus Energy from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Guggenheim began coverage on Centrus Energy in a research note on Thursday, October 8th. They set a “buy” rating and a $167.00 price objective for the company. Truist Financial began coverage on Centrus Energy in a research note on Monday, July 13th. They set a “buy” rating and a $215.00 price objective for the company. Finally, Bank of America decreased their price objective on Centrus Energy from $240.00 to $205.00 and set a “neutral” rating for the company in a research note on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, Centrus Energy currently has an average rating of “Moderate Buy” and an average price target of $211.93.

Centrus Energy Trading Down 2.9%

Shares of LEU stock traded down $2.97 on Wednesday, reaching $101.18. 593,444 shares of the stock were exchanged, compared to its average volume of 906,541. The stock has a market cap of $2.02 billion, a PE ratio of 45.99, a P/E/G ratio of 8.65 and a beta of 1.53. Centrus Energy has a one year low of $99.33 and a one year high of $401.99. The company has a debt-to-equity ratio of 1.39, a current ratio of 5.39 and a quick ratio of 4.52. The stock has a 50 day moving average price of $154.29 and a 200 day moving average price of $171.82.

Centrus Energy (NYSE:LEU) last released its earnings results 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 company 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 was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.59 EPS. Equities research analysts forecast that Centrus Energy will post 4.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Fifth Third Wealth Advisors LLC acquired a new position in shares of Centrus Energy during the third quarter worth about $547,000. Sterling Capital Management LLC boosted its position in shares of Centrus Energy by 371.1% during the third quarter. Sterling Capital Management LLC now owns 570 shares of the company’s stock worth $80,000 after buying an additional 449 shares during the period. Yousif Capital Management LLC acquired a new position in shares of Centrus Energy during the third quarter worth about $702,000. SBI Securities Co. Ltd. boosted its position in shares of Centrus Energy by 15.5% during the third quarter. SBI Securities Co. Ltd. now owns 4,435 shares of the company’s stock worth $619,000 after buying an additional 594 shares during the period. Finally, Magnus Financial Group LLC boosted its position in shares of Centrus Energy by 12.4% during the third quarter. Magnus Financial Group LLC now owns 2,530 shares of the company’s stock worth $353,000 after buying an additional 280 shares during the period. 49.96% of the stock is owned by institutional investors and hedge funds.

Centrus Energy Company Profile

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.