Centrus Energy (NYSE:LEU) Upgraded to “Strong-Buy” at Guggenheim

Centrus Energy (NYSE:LEU) was upgraded by investment analysts at Guggenheim to a “strong-buy” rating in a report issued on Thursday, Zacks reports.

Other equities research analysts also recently issued reports about the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Centrus Energy in a report on Tuesday, August 4th. Northland Securities set a $270.00 target price on shares of Centrus Energy in a report on Friday, September 11th. JPMorgan Chase & Co. increased their target price on shares of Centrus Energy from $178.00 to $180.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Bank of America cut their price target 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, Needham & Company LLC reduced their price target on shares of Centrus Energy from $264.00 to $262.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Centrus Energy has an average rating of “Moderate Buy” and a consensus target price of $231.13.

Centrus Energy Stock Performance

NYSE:LEU opened at $142.40 on Thursday. 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 has a 52-week low of $135.74 and a 52-week high of $464.25. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 64.73, a PEG ratio of 11.69 and a beta of 1.53. The business’s fifty day moving average is $167.43 and its 200 day moving average is $176.35.

Centrus Energy (NYSE:LEU) last issued its earnings results on Wednesday, August 5th. The company reported $1.77 EPS for the quarter, topping the consensus estimate of $0.74 by $1.03. The business had revenue of $176.10 million during the quarter. Centrus Energy had a return on equity of 7.06% and a net margin of 10.23%.The firm’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 business earned $1.59 EPS. Research analysts predict that Centrus Energy will post 4.21 EPS for the current year.

Institutional Investors Weigh In On Centrus Energy

A number of large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in shares of Centrus Energy by 57.6% during the 3rd quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock valued at $98,000 after purchasing an additional 257 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Centrus Energy by 51.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 922 shares of the company’s stock worth $129,000 after buying an additional 312 shares during the last quarter. WINTON GROUP Ltd bought a new stake in Centrus Energy in the 2nd quarter worth approximately $1,356,000. Engineers Gate Manager LP boosted its stake in Centrus Energy by 261.4% in the second quarter. Engineers Gate Manager LP now owns 4,756 shares of the company’s stock worth $798,000 after buying an additional 3,440 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in Centrus Energy in the second quarter worth approximately $348,000. 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 nuclear fuel company that supplies enriched uranium and related services to commercial nuclear power producers and other customers. Its business includes the sale of low-enriched uranium (LEU), which is used to manufacture fuel for nuclear reactors, as well as uranium enrichment and fuel-management services.

The company is also developing high-assay low-enriched uranium (HALEU), an advanced nuclear fuel intended for certain next-generation reactors.