Centrus Energy’s (LEU) Buy Rating Reiterated at HC Wainwright

Centrus Energy (NYSE:LEU)‘s stock had its “buy” rating restated by HC Wainwright in a research report issued on Wednesday, Benzinga reports. They currently have a $300.00 price target on the stock. HC Wainwright‘s target price suggests a potential upside of 171.05% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Stifel Nicolaus decreased their price objective on shares of Centrus Energy from $246.00 to $216.00 and set a “buy” rating for the company in a report on Tuesday, August 25th. Zacks Research upgraded shares of Centrus Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, September 28th. Truist Financial initiated coverage on shares of Centrus Energy in a report on Monday, July 13th. They set a “buy” rating and a $215.00 price objective for the company. Bank of America decreased 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. Finally, Weiss Ratings upgraded shares of Centrus Energy from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $222.53.

Centrus Energy Stock Up 0.7%

Shares of LEU traded up $0.80 during trading hours on Wednesday, reaching $110.68. 151,149 shares of the stock traded hands, compared to its average volume of 905,267. The company has a current ratio of 5.39, a quick ratio of 4.52 and a debt-to-equity ratio of 1.39. The stock has a fifty day simple moving average of $157.60 and a 200 day simple moving average of $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 $2.21 billion, a price-to-earnings ratio of 50.11, a PEG ratio of 8.75 and a beta of 1.53.

Centrus Energy (NYSE:LEU) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $1.03. Centrus Energy had a net margin of 10.23% and a return on equity of 7.06%. The company had revenue of $176.10 million for the quarter. During the same period in the previous year, the business earned $1.59 earnings per share. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. On average, equities analysts forecast that Centrus Energy will post 4.21 EPS for the current year.

Hedge Funds Weigh In On Centrus Energy

Several large investors have recently modified their holdings of LEU. Goehring & Rozencwajg Associates LLC lifted its holdings in shares of Centrus Energy by 18.1% in the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 202,058 shares of the company’s stock worth $35,075,000 after acquiring an additional 30,944 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Centrus Energy by 217.4% in the 1st quarter. Renaissance Technologies LLC now owns 160,542 shares of the company’s stock worth $27,868,000 after acquiring an additional 109,960 shares during the last quarter. Granahan Investment Management LLC lifted its holdings in shares of Centrus Energy by 19.2% in 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 last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of 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 acquiring an additional 38,472 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of 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 acquiring an additional 38,769 shares during the last quarter. Hedge funds and other institutional investors own 49.96% of the company’s stock.

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.