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

Key Points

• Texas Capital upgraded Centrus Energy to “strong buy,” while broader analyst sentiment remains “Moderate Buy” with a consensus price target of $199.41.
• Analyst views remain mixed: JPMorgan cut its target to $120 with a neutral rating, while other firms set targets ranging from $115 to $300 and maintained buy ratings.
• Centrus reported quarterly EPS of $1.77, well above the $0.74 consensus estimate, with revenue of $176.1 million—up 14% year over year. The stock opened at $109.58, compared with a 12-month range of $96.80 to $401.99.

Centrus Energy (NYSE:LEU - Get Free Report) was upgraded by stock analysts at Texas Capital to a "strong-buy" rating in a research note issued on Tuesday, Zacks reports.

Several other research analysts have also weighed in on the company. JPMorgan Chase & Co. dropped their price target on Centrus Energy from $180.00 to $120.00 and set a "neutral" rating on the stock in a research report on Monday. Guggenheim started coverage on Centrus Energy in a research report on Thursday, October 8th. They set a "buy" rating and a $167.00 price objective for the company. Northland Securities set a $270.00 target price on Centrus Energy in a research note on Friday, September 11th. HC Wainwright reiterated a "buy" rating and issued a $300.00 target price on shares of Centrus Energy in a report on Wednesday, October 21st. Finally, Roth Capital set a $115.00 price target on shares of Centrus Energy in a research report on Tuesday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $199.41.

Centrus Energy Stock Performance

NYSE LEU opened at $109.58 on Tuesday. Centrus Energy has a twelve month low of $96.80 and a twelve month high of $401.99. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 49.81 and a beta of 1.53. The firm's 50 day moving average price is $149.53 and its two-hundred day moving average price is $189.37.

Centrus Energy (NYSE:LEU - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $1.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $1.03. The business had revenue of $176.10 million during the quarter. The firm's quarterly revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.59 EPS. On average, research analysts forecast that Centrus Energy will post 4.21 EPS for the current fiscal year.

Hedge Funds Weigh In On Centrus Energy

Hedge funds have recently added to or reduced their stakes in the company. Corecam Pte. Ltd. lifted its stake in Centrus Energy by 19.7% in the third quarter. Corecam Pte. Ltd. now owns 1,761 shares of the company's stock valued at $246,000 after acquiring an additional 290 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in shares of Centrus Energy during the 3rd quarter worth $547,000. Sterling Capital Management LLC increased its stake in shares of Centrus Energy by 371.1% during the 3rd quarter. Sterling Capital Management LLC now owns 570 shares of the company's stock worth $80,000 after purchasing an additional 449 shares during the last quarter. Yousif Capital Management LLC bought a new position in shares of Centrus Energy during the 3rd quarter valued at $702,000. Finally, SBI Securities Co. Ltd. raised its holdings in shares of Centrus Energy by 15.5% during the 3rd quarter. SBI Securities Co. Ltd. now owns 4,435 shares of the company's stock valued at $619,000 after purchasing an additional 594 shares in the last quarter. Institutional investors and hedge funds own 49.96% of the company's stock.

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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