Centrus Energy (NYSE:LEU) Given New $149.00 Price Target at Barclays

Centrus Energy (NYSE:LEU – Free Report) had its price target reduced by Barclays from $150.00 to $149.00 in a report published on Friday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other equities analysts have also weighed in on the company. Needham & Company LLC reduced their price objective on Centrus Energy from $262.00 to $206.00 and set a “buy” rating on the stock in a research note on Tuesday, October 20th. Guggenheim started coverage on shares of Centrus Energy in a research report on Thursday, October 8th. They set a “buy” rating and a $167.00 target price for the company. JPMorgan Chase & Co. dropped their target price on shares of Centrus Energy from $180.00 to $120.00 and set a “neutral” rating for the company in a research report on Monday, October 26th. Capital One Financial set a $151.00 price target on shares of Centrus Energy in a report on Tuesday, October 27th. Finally, Northland Securities set a $270.00 price target on shares of Centrus Energy in a research report on Friday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $193.06.

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Centrus Energy Trading Up 17.4%

Shares of LEU stock traded up $15.53 on Friday, reaching $104.56. 1,319,378 shares of the stock were exchanged, compared to its average volume of 941,776. The company has a quick ratio of 4.52, a current ratio of 5.39 and a debt-to-equity ratio of 1.39. The stock has a market cap of $2.09 billion, a P/E ratio of 30.57, a price-to-earnings-growth ratio of 9.09 and a beta of 1.40. The firm has a 50 day moving average of $136.02 and a two-hundred day moving average of $181.07. Centrus Energy has a 1-year low of $84.86 and a 1-year high of $345.60.

Centrus Energy (NYSE:LEU – Get Free Report) last issued its earnings results on Wednesday, November 4th. The company reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.33). Centrus Energy had a net margin of 10.23% and a return on equity of 7.06%. The firm had revenue of $55.50 million during the quarter. During the same quarter in the prior year, the firm earned $0.19 EPS. The company’s revenue was down 25.9% compared to the same quarter last year. On average, research analysts anticipate that Centrus Energy will post 3.49 EPS for the current year.

Institutional Investors Weigh In On Centrus Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC raised its holdings in shares of Centrus Energy by 217.4% during the 1st quarter. Renaissance Technologies LLC now owns 160,542 shares of the company’s stock valued at $27,868,000 after buying an additional 109,960 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in Centrus Energy in the 3rd quarter worth approximately $6,744,000. Goehring & Rozencwajg Associates LLC boosted its holdings in Centrus Energy by 18.1% in the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 202,058 shares of the company’s stock worth $35,075,000 after acquiring an additional 30,944 shares during the period. Atlas Wealth LLC acquired a new stake in Centrus Energy in the first quarter valued at approximately $4,376,000. Finally, Arlington Capital Management Inc. acquired a new stake in Centrus Energy in the first quarter valued at approximately $3,115,000. Hedge funds and other institutional investors own 49.96% of the company’s stock.

Key Stories Impacting Centrus Energy

Here are the key news stories impacting Centrus Energy this week:

About Centrus Energy

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Centrus Energy (NYSE:LEU)

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