Centrus Energy (NYSE:LEU) Upgraded at Roth Capital

Key Points

• Roth Capital upgraded Centrus Energy to “buy” from “neutral” and set a $115 price target, implying 29.67% upside from the prior close.
• Analyst sentiment is “Moderate Buy” overall, with a consensus price target of $193.12; other firms have issued mixed ratings and adjusted targets.
• Centrus reported a quarterly loss of $0.46 per share, missing estimates of a $0.13 loss, while revenue fell 25.9% year over year to $55.5 million. Shares opened Friday at $88.69, down 4.2%.

Centrus Energy (NYSE:LEU - Get Free Report) was upgraded by Roth Capital from a "neutral" rating to a "buy" rating in a report released on Friday, MarketBeat.com reports. The firm presently has a $115.00 target price on the stock. Roth Capital's target price indicates a potential upside of 29.67% from the company's previous close.

Several other research firms have also recently weighed in on LEU. Zacks Research cut Centrus Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 27th. Weiss Ratings raised shares of Centrus Energy from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, October 8th. Bank of America decreased their price target on shares of Centrus Energy from $240.00 to $205.00 and set a "neutral" rating on the stock in a research note on Thursday, July 9th. Jefferies Financial Group assumed coverage on shares of Centrus Energy in a research report on Thursday, September 3rd. They set a "hold" rating and a $169.00 price target on the stock. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Centrus Energy from $180.00 to $120.00 and set a "neutral" rating for the company in a research note on Monday, October 26th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $193.12.

Centrus Energy Trading Down 4.2%

Shares of NYSE:LEU opened at $88.69 on Friday. Centrus Energy has a 12-month low of $84.86 and a 12-month high of $345.60. The business has a 50 day moving average of $137.84 and a 200-day moving average of $182.13. 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 $1.77 billion, a PE ratio of 25.93, a P/E/G ratio of 8.87 and a beta of 1.40.

Centrus Energy (NYSE:LEU - Get Free Report) last announced 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). The firm had revenue of $55.50 million for the quarter. Centrus Energy had a return on equity of 9.58% and a net margin of 16.77%. The company's revenue for the quarter was down 25.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.19 EPS. As a group, equities research analysts forecast that Centrus Energy will post 3.49 earnings per share for the current year.

Hedge Funds Weigh In On Centrus Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC acquired a new stake in Centrus Energy in the third quarter valued at about $28,000. Western Wealth Management LLC bought a new stake in Centrus Energy during the 1st quarter worth approximately $31,000. IFP Advisors Inc grew its stake in shares of Centrus Energy by 172.4% in the second quarter. IFP Advisors Inc now owns 237 shares of the company's stock worth $40,000 after purchasing an additional 150 shares during the last quarter. Vestor Capital LLC bought a new position in Centrus Energy during the 1st quarter worth $55,000. Finally, Fortitude Family Office LLC lifted its holdings in Centrus Energy by 5,100.0% during the 3rd quarter. Fortitude Family Office LLC now owns 416 shares of the company's stock worth $58,000 after buying an additional 408 shares during the period. 49.96% of the stock is owned by institutional investors and hedge funds.

About Centrus Energy

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.

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