Barclays Begins Coverage on Centrus Energy (NYSE:LEU)

Equities researchers at Barclays began coverage on shares of Centrus Energy (NYSE:LEU) in a report released on Tuesday,Benzinga reports. The brokerage set an “equal weight” rating and a $207.00 price target on the stock. Barclays‘s target price would indicate a potential upside of 12.15% from the stock’s current price.

Several other analysts have also recently weighed in on LEU. Citigroup dropped their price target on Centrus Energy from $224.00 to $218.00 and set a “neutral” rating for the company in a report on Friday, May 8th. Bank of America decreased their target price on shares of Centrus Energy from $240.00 to $205.00 and set a “neutral” rating on the stock in a research report on Thursday, July 9th. Zacks Research upgraded Centrus Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Truist Financial started coverage on shares of Centrus Energy in a research note on Monday, July 13th. They set a “buy” rating and a $215.00 target price on the stock. Finally, Needham & Company LLC reduced their target price on shares of Centrus Energy from $264.00 to $262.00 and set a “buy” rating on the stock in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Centrus Energy has a consensus rating of “Moderate Buy” and a consensus price target of $243.15.

Centrus Energy Price Performance

Shares of LEU opened at $184.57 on Tuesday. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 83.90, a PEG ratio of 24.45 and a beta of 1.36. Centrus Energy has a 1-year low of $142.13 and a 1-year high of $464.25. The company’s fifty day simple moving average is $171.89 and its 200 day simple moving average is $192.66. 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 posted its quarterly 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. Centrus Energy had a return on equity of 7.06% and a net margin of 10.23%.The business had revenue of $176.10 million during the quarter. During the same quarter in the previous year, the business posted $1.59 EPS. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. On average, research analysts forecast that Centrus Energy will post 2.6 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Centrus Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vermillion Wealth Management Inc. grew its holdings in shares of Centrus Energy by 5,000.0% in the fourth quarter. Vermillion Wealth Management Inc. now owns 102 shares of the company’s stock valued at $25,000 after acquiring an additional 100 shares in the last quarter. Fulcrum Asset Management LLP purchased a new stake in Centrus Energy during the third quarter worth about $34,000. IFP Advisors Inc boosted its stake in Centrus Energy by 38.3% in the third quarter. IFP Advisors Inc now owns 148 shares of the company’s stock valued at $46,000 after acquiring an additional 41 shares during the last quarter. Hilton Head Capital Partners LLC purchased a new stake in shares of Centrus Energy during the 4th quarter worth approximately $36,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Centrus Energy in the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 49.96% of the company’s stock.

Centrus Energy Company Profile

Centrus Energy Corp is a U.S.-based supplier of nuclear fuel and enrichment services, specializing in the production of low-enriched uranium (LEU) for commercial power reactors and highly enriched uranium for naval propulsion. Through its Centrus Global subsidiary, the company provides technical support, fuel fabrication services and recycled uranium products to utilities operating light-water reactors. Centrus also develops advanced centrifuge technologies aimed at improving enrichment efficiency and reducing the cost of nuclear fuel.

Originally founded as the United States Enrichment Corporation (USEC) in 1998 following a spin-out from the U.S.