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

HC Wainwright reiterated their buy rating on shares of Centrus Energy (NYSE:LEU) in a research report sent to investors on Wednesday morning,Benzinga reports. HC Wainwright currently has a $300.00 price objective on the stock.

A number of other equities analysts have also issued reports on LEU. 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. Northland Securities set a $270.00 target price on Centrus Energy in a research note on Friday, September 11th. Roth Capital set a $115.00 price target on shares of Centrus Energy in a research report on Tuesday. Bank of America decreased their price target on shares of Centrus Energy from $240.00 to $205.00 and set a “neutral” rating for the company in a research report on Thursday, July 9th. Finally, UBS Group lifted their price target on shares of Centrus Energy from $170.00 to $185.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, Centrus Energy currently has an average rating of “Moderate Buy” and a consensus price target of $211.93.

Centrus Energy Trading Down 1.7%

NYSE:LEU opened at $102.38 on Wednesday. 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 one year low of $99.33 and a one year high of $401.99. The business’s 50-day simple moving average is $152.53 and its 200 day simple moving average is $171.34. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 47.34, a price-to-earnings-growth ratio of 8.27 and a beta of 1.53.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.77 EPS 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 firm had revenue of $176.10 million during the quarter. During the same period in the prior year, the company posted $1.59 EPS. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. As a group, sell-side analysts predict that Centrus Energy will post 4.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Centrus Energy

Several large investors have recently modified their holdings of the stock. WINTON GROUP Ltd bought a new stake in Centrus Energy in the second quarter valued at about $1,356,000. Arlington Capital Management Inc. acquired a new stake in Centrus Energy during the first quarter valued at approximately $3,115,000. Engineers Gate Manager LP raised its stake in Centrus Energy by 261.4% during the second quarter. Engineers Gate Manager LP now owns 4,756 shares of the company’s stock valued at $798,000 after buying an additional 3,440 shares in the last quarter. California State Teachers Retirement System lifted its holdings in Centrus Energy by 24.3% during the 1st quarter. California State Teachers Retirement System now owns 19,606 shares of the company’s stock worth $3,403,000 after buying an additional 3,837 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Centrus Energy by 217.4% during the 1st 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. 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.