Centrus Energy (NYSE:LEU) Coverage Initiated at Barclays

Key Points

• Barclays initiated coverage of Centrus Energy with an “equal weight” rating and a $207 price target, implying approximately 12.15% upside from the prior close.
• Analyst sentiment is mixed but leans positive: Centrus has a consensus “Moderate Buy” rating and an average price target of $243.15, despite several neutral ratings and recent target reductions.
• Centrus reported quarterly EPS of $1.77, well above the $0.74 consensus estimate, while revenue rose 14% year over year to $176.1 million.

Equities researchers at Barclays initiated coverage on shares of Centrus Energy (NYSE:LEU - Get Free Report) in a report released on Tuesday,Benzinga reports. The firm set an "equal weight" rating and a $207.00 price target on the stock. Barclays's price target would indicate a potential upside of 12.15% from the stock's previous close.

LEU has been the subject of several other reports. Roth Capital reiterated a "neutral" rating and set a $188.00 target price on shares of Centrus Energy in a research note on Thursday, August 6th. JPMorgan Chase & Co. raised their price target on shares of Centrus Energy from $178.00 to $180.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. UBS Group lowered their price target on Centrus Energy from $195.00 to $170.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 16th. Needham & Company LLC cut their price target on shares of Centrus Energy from $264.00 to $262.00 and set a "buy" rating on the stock in a report on Friday, August 7th. Finally, Truist Financial started coverage on Centrus Energy in a report on Monday, July 13th. They issued a "buy" rating and a $215.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $243.15.

Centrus Energy Price Performance

LEU opened at $184.57 on Tuesday. Centrus Energy has a twelve month low of $142.13 and a twelve month high of $464.25. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of 83.90, a PEG ratio of 24.45 and a beta of 1.36. The company has a current ratio of 5.39, a quick ratio of 4.52 and a debt-to-equity ratio of 1.39. The company has a fifty day simple moving average of $171.89 and a 200 day simple moving average of $192.66.

Centrus Energy (NYSE:LEU - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $1.03. Centrus Energy had a net margin of 10.23% and a return on equity of 7.06%. The company had revenue of $176.10 million during the quarter. During the same period in the previous year, the company earned $1.59 earnings per share. The business's quarterly revenue was up 14.0% on a year-over-year basis. Equities research analysts expect that Centrus Energy will post 2.6 EPS for the current fiscal year.

Hedge Funds Weigh In On Centrus Energy

Several hedge funds have recently added to or reduced their stakes in LEU. Vermillion Wealth Management Inc. raised its position in shares of Centrus Energy by 5,000.0% during the 4th 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 last quarter. Fulcrum Asset Management LLP bought a new position in shares of Centrus Energy during the third quarter worth $34,000. IFP Advisors Inc boosted its position in shares of Centrus Energy by 38.3% during the third quarter. IFP Advisors Inc now owns 148 shares of the company's stock worth $46,000 after purchasing an additional 41 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new position in shares of Centrus Energy in the 4th quarter valued at $36,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Centrus Energy in the 4th quarter valued at $39,000. Institutional investors own 49.96% of the company's stock.

About Centrus Energy

Centrus Energy Corp is a U.S.-based supplier of nuclear fuel and enrichment services, specializing in the production of low-enriched uranium (LEU) for commercial power reactors and highly enriched uranium for naval propulsion. Through its Centrus Global subsidiary, the company provides technical support, fuel fabrication services and recycled uranium products to utilities operating light-water reactors. Centrus also develops advanced centrifuge technologies aimed at improving enrichment efficiency and reducing the cost of nuclear fuel.

Originally founded as the United States Enrichment Corporation (USEC) in 1998 following a spin-out from the U.S.

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