Centrus Energy (NYSE:LEU) Raised to "Strong-Buy" at Zacks Research

Key Points

• Zacks Research upgraded Centrus Energy to “strong buy” from “hold.” Other analysts remain mixed, resulting in a consensus “Moderate Buy” rating and an average price target of $235.71.
• Centrus shares opened at $138.26, down 1.5%, well below their 12-month high of $464.25. The stock has a $2.76 billion market capitalization and trades at a price-to-earnings ratio of 62.84.
• The company reported quarterly earnings of $1.77 per share, surpassing estimates of $0.74, while revenue rose 14% year over year to $176.1 million. Centrus supplies nuclear fuel and is developing HALEU for next-generation reactors.

Centrus Energy (NYSE:LEU - Get Free Report) was upgraded by research analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Monday, Zacks reports.

A number of other research firms also recently weighed in on LEU. Truist Financial began coverage on shares of Centrus Energy in a research note on Monday, July 13th. They set a "buy" rating and a $215.00 price target on the stock. Weiss Ratings reiterated a "hold (c-)" rating on shares of Centrus Energy in a report on Tuesday, August 4th. Barclays initiated coverage on Centrus Energy in a research report on Tuesday, August 18th. They set an "equal weight" rating and a $207.00 price target for the company. HC Wainwright restated a "buy" rating and issued a $300.00 price objective on shares of Centrus Energy in a report on Monday, July 27th. Finally, UBS Group increased their target price on shares of Centrus Energy from $170.00 to $185.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 19th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $235.71.

Centrus Energy Stock Down 1.5%

LEU opened at $138.26 on Monday. Centrus Energy has a 12 month low of $135.85 and a 12 month high of $464.25. The business has a 50-day moving average of $171.18 and a two-hundred day moving average of $179.50. 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 $2.76 billion, a price-to-earnings ratio of 62.84, a price-to-earnings-growth ratio of 11.15 and a beta of 1.33.

Centrus Energy (NYSE:LEU - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.77 earnings per share for the quarter, topping the consensus estimate of $0.74 by $1.03. Centrus Energy had a net margin of 10.23% and a return on equity of 7.06%. The business had revenue of $176.10 million for the quarter. During the same quarter in the previous year, the company earned $1.59 earnings per share. The company's revenue was up 14.0% on a year-over-year basis. On average, research analysts expect that Centrus Energy will post 4.21 earnings per share for the current year.

Hedge Funds Weigh In On Centrus Energy

A number of large investors have recently bought and sold shares of the business. Vermillion Wealth Management Inc. boosted its holdings in shares of Centrus Energy by 5,000.0% during the fourth quarter. Vermillion Wealth Management Inc. now owns 102 shares of the company's stock valued at $25,000 after acquiring an additional 100 shares during the period. Hilton Head Capital Partners LLC acquired a new stake in shares of Centrus Energy in the 4th quarter worth about $36,000. Western Wealth Management LLC acquired a new stake in shares of Centrus Energy in the 1st quarter worth about $31,000. Leonteq Securities AG bought a new stake in Centrus Energy in the 1st quarter valued at about $35,000. Finally, IFP Advisors Inc lifted its position in Centrus Energy by 172.4% in the 2nd quarter. IFP Advisors Inc now owns 237 shares of the company's stock valued at $40,000 after purchasing an additional 150 shares during the last quarter. Institutional investors 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 (LEU), which is used to fuel commercial nuclear reactors, as well as uranium enrichment and fuel-cycle services for utilities and other customers.

Centrus is also developing high-assay low-enriched uranium (HALEU), an advanced nuclear fuel intended for certain next-generation reactors. Through its American Centrifuge technology, the company is working to establish domestic enrichment capacity and support the production of HALEU for advanced reactor and national security applications.

The company traces its roots to the U.S.

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