HC Wainwright Reaffirms “Buy” Rating for Centrus Energy (NYSE:LEU)

Centrus Energy (NYSE:LEU)‘s stock had its “buy” rating reiterated by research analysts at HC Wainwright in a research report issued to clients and investors on Wednesday, Benzinga reports. They currently have a $300.00 price objective on the stock. HC Wainwright‘s price target indicates a potential upside of 175.94% from the stock’s previous close.

Several other equities analysts also recently issued reports on the stock. Stifel Nicolaus cut their price objective on shares of Centrus Energy from $246.00 to $216.00 and set a “buy” rating on the stock in a report on Tuesday, August 25th. Roth Capital set a $115.00 target price on Centrus Energy in a research report on Tuesday. Guggenheim started coverage on Centrus Energy in a research report on Thursday, October 8th. They issued a “buy” rating and a $167.00 target price on the stock. JPMorgan Chase & Co. upped their price objective on Centrus Energy from $178.00 to $180.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Finally, Weiss Ratings raised shares of Centrus Energy from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $222.53.

Centrus Energy Trading Down 1.1%

Shares of LEU traded down $1.16 during trading hours on Wednesday, reaching $108.72. 603,714 shares of the company traded hands, compared to its average volume of 907,581. Centrus Energy has a 12-month low of $106.00 and a 12-month high of $401.99. The stock’s fifty day moving average price is $157.60 and its 200 day moving average price is $172.90. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 49.55, a PEG 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 announced its earnings results on Wednesday, August 5th. The company reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $1.03. The business had revenue of $176.10 million during the quarter. Centrus Energy had a net margin of 10.23% and a return on equity of 7.06%. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.59 earnings per share. Sell-side analysts forecast that Centrus Energy will post 4.21 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Goehring & Rozencwajg Associates LLC increased its position in shares of Centrus Energy by 18.1% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 202,058 shares of the company’s stock worth $35,075,000 after purchasing an additional 30,944 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Centrus Energy by 217.4% in the first quarter. Renaissance Technologies LLC now owns 160,542 shares of the company’s stock valued at $27,868,000 after purchasing an additional 109,960 shares during the last quarter. Granahan Investment Management LLC increased its position 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 purchasing an additional 14,455 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in Centrus Energy by 349.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 49,479 shares of the company’s stock worth $12,012,000 after buying an additional 38,472 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in Centrus Energy by 1,033.3% during 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. Hedge funds and other 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.