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

Centrus Energy (NYSE:LEU)‘s stock had its “buy” rating reissued by HC Wainwright in a research note issued to investors on Wednesday, Benzinga reports. They currently have a $300.00 target price on the stock. HC Wainwright‘s target price suggests a potential upside of 175.44% from the stock’s previous close.

A number of other research analysts have also weighed in on the company. Bank of America cut their price objective on Centrus Energy from $240.00 to $205.00 and set a “neutral” rating on the stock in a report on Thursday, July 9th. JPMorgan Chase & Co. upped their target price on Centrus Energy from $178.00 to $180.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Needham & Company LLC cut their price target on shares of Centrus Energy from $262.00 to $206.00 and set a “buy” rating on the stock in a report on Tuesday. Roth Capital set a $115.00 price target on shares of Centrus Energy in a research report on Tuesday. Finally, Guggenheim assumed coverage on shares of Centrus Energy in a research note on Thursday, October 8th. They set a “buy” rating and a $167.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $222.53.

Centrus Energy Stock Down 0.9%

Centrus Energy stock traded down $0.97 during trading hours on Wednesday, reaching $108.92. The stock had a trading volume of 808,163 shares, compared to its average volume of 908,755. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 49.51, a PEG ratio of 8.75 and a beta of 1.53. The business’s 50 day moving average price is $157.60 and its 200-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 debt-to-equity ratio of 1.39, a current ratio of 5.39 and a quick ratio of 4.52.

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

Hedge Funds Weigh In On Centrus Energy

Hedge funds have recently bought and sold shares of the business. Western Wealth Management LLC purchased a new position in Centrus Energy in the 1st quarter valued at $31,000. Leonteq Securities AG purchased a new stake in shares of Centrus Energy in the first quarter valued at approximately $35,000. IFP Advisors Inc grew its position in shares of Centrus Energy by 172.4% in the second quarter. IFP Advisors Inc now owns 237 shares of the company’s stock valued at $40,000 after purchasing an additional 150 shares in the last quarter. Vestor Capital LLC acquired a new stake in shares of Centrus Energy in the first quarter valued at approximately $55,000. Finally, Parallel Advisors LLC increased its holdings in shares of Centrus Energy by 38.5% in the first quarter. Parallel Advisors LLC now owns 338 shares of the company’s stock valued at $59,000 after purchasing an additional 94 shares during 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.