HC Wainwright Reaffirms "Buy" Rating for Centrus Energy (NYSE:LEU)

Key Points

• HC Wainwright reaffirmed its “Buy” rating on Centrus Energy and set a $300 price target, implying 173.07% upside from the prior close.
• Analyst sentiment remains positive overall, with Centrus receiving a consensus “Moderate Buy” rating and an average price target of $222.53, despite some target reductions.
• Centrus reported quarterly EPS of $1.77, exceeding estimates of $0.74, while revenue rose 14% year over year to $176.1 million; institutional investors own nearly 50% of the company.

Centrus Energy (NYSE:LEU - Get Free Report)'s stock had its "buy" rating reissued by stock analysts at HC Wainwright in a report released on Wednesday, Benzinga reports. They presently have a $300.00 price target on the stock. HC Wainwright's price objective suggests a potential upside of 173.07% from the company's previous close.

Several other brokerages have also recently commented on LEU. Roth Capital set a $115.00 target price on shares of Centrus Energy in a report on Tuesday. Truist Financial started coverage on shares of Centrus Energy in a research note on Monday, July 13th. They issued a "buy" rating and a $215.00 price target for the company. Weiss Ratings upgraded shares of Centrus Energy from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, October 8th. Needham & Company LLC cut their price target on shares of Centrus Energy from $262.00 to $206.00 and set a "buy" rating for the company in a research note on Tuesday. Finally, Northland Securities set a $270.00 price target on shares of Centrus Energy in a research note on Friday, September 11th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $222.53.

Centrus Energy Stock Performance

Shares of LEU opened at $109.86 on Wednesday. Centrus Energy has a 12 month low of $106.00 and a 12 month high of $401.99. The firm has a fifty day simple moving average of $157.60 and a 200 day simple moving average of $172.90. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 49.94, a PEG ratio of 8.75 and a beta of 1.53. The company has a current ratio of 5.39, a quick ratio of 4.52 and a debt-to-equity ratio of 1.39.

Centrus Energy (NYSE:LEU - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $1.77 EPS 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 during the quarter. During the same quarter in the previous year, the company posted $1.59 EPS. The business's revenue for the quarter was up 14.0% compared to the same quarter last year. Research analysts forecast that Centrus Energy will post 4.21 EPS for the current fiscal year.

Institutional Trading of Centrus Energy

Large investors have recently added to or reduced their stakes in the company. WINTON GROUP Ltd acquired a new stake in shares of Centrus Energy during the 2nd quarter worth about $1,356,000. Arlington Capital Management Inc. acquired a new stake in shares of Centrus Energy during the 1st quarter worth about $3,115,000. Engineers Gate Manager LP lifted its stake in shares of Centrus Energy by 261.4% during the 2nd quarter. Engineers Gate Manager LP now owns 4,756 shares of the company's stock worth $798,000 after buying an additional 3,440 shares during the last quarter. California State Teachers Retirement System lifted its stake in shares of 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 increased its position in Centrus Energy by 217.4% during the first quarter. Renaissance Technologies LLC now owns 160,542 shares of the company's stock worth $27,868,000 after acquiring an additional 109,960 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.