Centrus Energy (NYSE:LEU) Raised to “Strong-Buy” at Texas Capital

Centrus Energy (NYSE:LEU) was upgraded by equities research analysts at Texas Capital to a “strong-buy” rating in a research note issued on Tuesday, Zacks reports.

LEU has been the subject of several other reports. Northland Securities set a $270.00 target price on Centrus Energy in a report on Friday, September 11th. UBS Group lowered their price target on Centrus Energy from $185.00 to $120.00 and set a “neutral” rating on the stock in a report on Friday. TD Cowen started coverage on shares of Centrus Energy in a research report on Monday. They issued a “hold” rating and a $120.00 price target on the stock. Roth Capital set a $115.00 price target on shares of Centrus Energy in a research report on Tuesday, October 20th. Finally, HC Wainwright restated a “buy” rating and issued a $300.00 price objective on shares of Centrus Energy in a research note on Wednesday, October 21st. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $199.41.

Centrus Energy Stock Performance

LEU opened at $109.58 on Tuesday. The company has a market cap of $2.19 billion, a PE ratio of 49.81 and a beta of 1.53. The stock has a 50-day moving average of $149.53 and a 200-day moving average of $189.37. Centrus Energy has a 52-week low of $96.80 and a 52-week high of $401.99.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $1.03. The company had revenue of $176.10 million for the quarter. During the same quarter last year, the company posted $1.59 earnings per share. The business’s revenue was up 14.0% compared to the same quarter last year. On average, research analysts predict that Centrus Energy will post 4.21 earnings per share for the current year.

Hedge Funds Weigh In On Centrus Energy

Large investors have recently made changes to their positions in the business. Carlson Financial Inc. boosted its stake in Centrus Energy by 2.2% during the 2nd quarter. Carlson Financial Inc. now owns 2,667 shares of the company’s stock valued at $448,000 after purchasing an additional 58 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Centrus Energy by 38.5% during the first quarter. Parallel Advisors LLC now owns 338 shares of the company’s stock worth $59,000 after buying an additional 94 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Centrus Energy by 7.2% during the second quarter. Wellington Management Group LLP now owns 1,637 shares of the company’s stock worth $275,000 after buying an additional 110 shares during the last quarter. NFSG Corp lifted its holdings in shares of Centrus Energy by 44.8% during the first quarter. NFSG Corp now owns 362 shares of the company’s stock worth $63,000 after buying an additional 112 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of Centrus Energy by 5.0% in the second quarter. NewEdge Advisors LLC now owns 2,634 shares of the company’s stock valued at $442,000 after acquiring an additional 125 shares during the period. Institutional investors and hedge funds own 49.96% of the company’s stock.

Centrus Energy Company Profile

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.