Centrus Energy (NYSE:LEU) Shares Up 7.7% – Here’s Why

Centrus Energy Corp. (NYSE:LEU) shares were up 7.7% during mid-day trading on Tuesday . The stock traded as high as $186.72 and last traded at $187.2590. 221,604 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 915,815 shares. The stock had previously closed at $173.89.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus cut their target price on Centrus Energy from $246.00 to $216.00 and set a “buy” rating for the company in a research note on Tuesday, August 25th. Zacks Research raised shares of Centrus Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. UBS Group lifted their price objective on Centrus Energy from $170.00 to $185.00 and gave the company a “neutral” rating in a research report on Wednesday, August 19th. Truist Financial initiated coverage on shares of Centrus Energy in a research report on Monday, July 13th. They set a “buy” rating and a $215.00 price target for the company. Finally, Jefferies Financial Group assumed coverage on Centrus Energy in a report on Thursday, September 3rd. They set a “hold” rating and a $169.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, Centrus Energy currently has an average rating of “Moderate Buy” and an average target price of $236.79.

Centrus Energy Stock Performance

The company has a debt-to-equity ratio of 1.39, a current ratio of 5.39 and a quick ratio of 4.52. The stock has a market capitalization of $3.62 billion, a P/E ratio of 82.46, a price-to-earnings-growth ratio of 22.71 and a beta of 1.33. The company has a fifty day moving average of $175.20 and a two-hundred day moving average of $184.74.

Centrus Energy (NYSE:LEU) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $1.03. The firm had revenue of $176.10 million during the quarter. Centrus Energy had a net margin of 10.23% and a return on equity of 7.06%. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.59 EPS. On average, equities analysts anticipate that Centrus Energy Corp. will post 2.73 EPS for the current year.

Hedge Funds Weigh In On Centrus Energy

Several hedge funds and other institutional investors have recently modified their holdings of LEU. Vermillion Wealth Management Inc. boosted its position in Centrus Energy by 5,000.0% during the 4th quarter. Vermillion Wealth Management Inc. now owns 102 shares of the company’s stock worth $25,000 after acquiring an additional 100 shares during the period. Fulcrum Asset Management LLP acquired a new stake in shares of Centrus Energy in the 3rd quarter worth approximately $34,000. IFP Advisors Inc lifted its stake in shares of Centrus Energy by 38.3% in the 3rd quarter. IFP Advisors Inc now owns 148 shares of the company’s stock worth $46,000 after acquiring an additional 41 shares during the period. Hilton Head Capital Partners LLC bought a new position in shares of Centrus Energy in the fourth quarter valued at approximately $36,000. Finally, Western Wealth Management LLC bought a new position in shares of Centrus Energy in the first quarter valued at approximately $31,000. Institutional investors and hedge funds 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.