Centrus Energy (NYSE:LEU) Upgraded to "Strong-Buy" at Guggenheim

Key Points

• Guggenheim upgraded Centrus Energy to “Strong Buy,” while broader analyst coverage remains cautiously positive with a “Moderate Buy” consensus rating and an average price target of $231.13.
• Centrus Energy reported quarterly EPS of $1.77, beating estimates of $0.74, while revenue rose 14% year over year to $176.1 million. Analysts expect full-year EPS of approximately $4.21.
• The stock opened at $142.40, near its 52-week low of $135.74 and well below its $464.25 high; institutional investors own roughly 49.96% of the company.

Centrus Energy (NYSE:LEU - Get Free Report) was upgraded by investment analysts at Guggenheim to a "strong-buy" rating in a report issued on Thursday, Zacks reports.

Other equities research analysts also recently issued reports about the stock. Weiss Ratings reissued a "hold (c-)" rating on shares of Centrus Energy in a report on Tuesday, August 4th. Northland Securities set a $270.00 target price on shares of Centrus Energy in a report on Friday, September 11th. JPMorgan Chase & Co. increased their target price on shares of Centrus Energy from $178.00 to $180.00 and gave the stock a "neutral" rating in a research note on Friday, August 7th. Bank of America cut their price target on shares of Centrus Energy from $240.00 to $205.00 and set a "neutral" rating for the company in a report on Thursday, July 9th. Finally, Needham & Company LLC reduced their price target on shares of Centrus Energy from $264.00 to $262.00 and set a "buy" rating for the company in a research report on Friday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Centrus Energy has an average rating of "Moderate Buy" and a consensus target price of $231.13.

Centrus Energy Stock Performance

NYSE:LEU opened at $142.40 on Thursday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 4.52 and a current ratio of 5.39. Centrus Energy has a 52-week low of $135.74 and a 52-week high of $464.25. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 64.73, a PEG ratio of 11.69 and a beta of 1.53. The business's fifty day moving average is $167.43 and its 200 day moving average is $176.35.

Centrus Energy (NYSE:LEU - Get Free Report) last issued 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. The business had revenue of $176.10 million during the quarter. Centrus Energy had a return on equity of 7.06% and a net margin of 10.23%.The firm's revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.59 EPS. Research analysts predict that Centrus Energy will post 4.21 EPS for the current year.

Institutional Investors Weigh In On Centrus Energy

A number of large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in shares of Centrus Energy by 57.6% during the 3rd quarter. GAMMA Investing LLC now owns 703 shares of the company's stock valued at $98,000 after purchasing an additional 257 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Centrus Energy by 51.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 922 shares of the company's stock worth $129,000 after buying an additional 312 shares during the last quarter. WINTON GROUP Ltd bought a new stake in Centrus Energy in the 2nd quarter worth approximately $1,356,000. Engineers Gate Manager LP boosted its stake in Centrus Energy by 261.4% in the second 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 in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in Centrus Energy in the second quarter worth approximately $348,000. Hedge funds and other institutional investors own 49.96% of the company's stock.

Centrus Energy Company Profile

Centrus Energy Corp. is a U.S.-based nuclear fuel company that supplies enriched uranium and related services to commercial nuclear power producers and other customers. Its business includes the sale of low-enriched uranium (LEU), which is used to manufacture fuel for nuclear reactors, as well as uranium enrichment and fuel-management services.

The company is also developing high-assay low-enriched uranium (HALEU), an advanced nuclear fuel intended for certain next-generation reactors.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.