Centrus Energy (NYSE:LEU) Stock Moved Up to “Strong-Buy” by Zacks Research

Zacks Research upgraded shares of Centrus Energy (NYSE:LEU) from a hold rating to a strong-buy rating in a research report report published on Monday,Zacks reports.

LEU has been the topic of several other research reports. Bank of America lowered their target price on Centrus Energy from $240.00 to $205.00 and set a “neutral” rating on the stock in a research note on Thursday, July 9th. Stifel Nicolaus lowered their price objective on shares of Centrus Energy from $246.00 to $216.00 and set a “buy” rating on the stock in a research report on Tuesday, August 25th. JPMorgan Chase & Co. upped their price objective on shares of Centrus Energy from $178.00 to $180.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Roth Capital reiterated a “neutral” rating and issued a $188.00 target price on shares of Centrus Energy in a research report on Thursday, August 6th. Finally, Northland Securities set a $270.00 target price on shares of Centrus Energy in a research note on Friday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $235.71.

Centrus Energy Trading Down 1.5%

Shares of NYSE:LEU opened at $138.26 on Monday. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 62.84, a PEG ratio of 11.15 and a beta of 1.33. Centrus Energy has a 1-year low of $135.85 and a 1-year high of $464.25. The company has a 50 day moving average price of $171.18 and a 200 day moving average price of $179.50. The company has a debt-to-equity ratio of 1.39, a quick ratio of 4.52 and a current ratio of 5.39.

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 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 last year, the business earned $1.59 EPS. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. On average, research analysts anticipate that Centrus Energy will post 4.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Centrus Energy

Several large investors have recently made changes to their positions in LEU. Bank of New York Mellon Corp raised its holdings in shares of Centrus Energy by 43.3% during the 4th quarter. Bank of New York Mellon Corp now owns 473,145 shares of the company’s stock valued at $114,861,000 after purchasing an additional 143,069 shares in the last quarter. Van ECK Associates Corp raised its holdings in Centrus Energy by 14.7% during the fourth quarter. Van ECK Associates Corp now owns 895,867 shares of the company’s stock valued at $217,481,000 after buying an additional 114,881 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Centrus Energy by 217.4% in the first quarter. Renaissance Technologies LLC now owns 160,542 shares of the company’s stock worth $27,868,000 after buying an additional 109,960 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Centrus Energy by 270.1% in the fourth quarter. BNP Paribas Financial Markets now owns 105,281 shares of the company’s stock worth $25,558,000 after buying an additional 76,833 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of 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 acquiring an additional 38,769 shares in the last quarter. 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 (LEU), which is used to fuel commercial nuclear reactors, as well as uranium enrichment and fuel-cycle services for utilities and other customers.

Centrus is also developing high-assay low-enriched uranium (HALEU), an advanced nuclear fuel intended for certain next-generation reactors. Through its American Centrifuge technology, the company is working to establish domestic enrichment capacity and support the production of HALEU for advanced reactor and national security applications.

The company traces its roots to the U.S.