Centrus Energy (NYSE:LEU) Hits New 1-Year High - Here's Why

Key Points

• Centrus Energy reached a new 1-year high with shares trading as high as $293.51, up from a previous close of $262.65.
• Analysts have expressed positive sentiment, with target price upgrades from firms like Evercore ISI and HC Wainwright, suggesting a strong outlook for the stock.
• Despite beating earnings expectations with $1.59 EPS, Centrus reported an 18.3% decline in quarterly revenue compared to the same period last year.

Centrus Energy Corp. (NYSE:LEU - Get Free Report)'s share price reached a new 52-week high during trading on Friday . The company traded as high as $288.00 and last traded at $293.51, with a volume of 729029 shares. The stock had previously closed at $262.65.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LEU. Evercore ISI lifted their target price on Centrus Energy from $251.00 to $252.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Northland Securities set a $275.00 target price on Centrus Energy in a report on Thursday, August 7th. JPMorgan Chase & Co. lifted their target price on Centrus Energy from $150.00 to $164.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Stifel Nicolaus initiated coverage on Centrus Energy in a report on Friday, July 11th. They set a "buy" rating and a $220.00 target price for the company. Finally, HC Wainwright reiterated a "buy" rating and set a $300.00 price target on shares of Centrus Energy in a research report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $202.09.

Centrus Energy Stock Performance

The firm has a 50-day moving average of $213.62 and a two-hundred day moving average of $142.83. The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09. The company has a market capitalization of $5.30 billion, a PE ratio of 65.82 and a beta of 1.53.

Centrus Energy (NYSE:LEU - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $0.58 by $1.01. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%.The business's revenue for the quarter was down 18.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.89 earnings per share. Research analysts anticipate that Centrus Energy Corp. will post 2.63 EPS for the current year.

Institutional Trading of Centrus Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. Stone House Investment Management LLC purchased a new stake in shares of Centrus Energy in the first quarter valued at approximately $28,000. State of Wyoming purchased a new stake in shares of Centrus Energy in the fourth quarter valued at approximately $33,000. Nisa Investment Advisors LLC increased its position in shares of Centrus Energy by 157.7% in the second quarter. Nisa Investment Advisors LLC now owns 183 shares of the company's stock valued at $34,000 after buying an additional 112 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of Centrus Energy in the second quarter valued at approximately $35,000. Finally, Harbour Investments Inc. increased its position in shares of Centrus Energy by 1,181.3% in the second quarter. Harbour Investments Inc. now owns 205 shares of the company's stock valued at $38,000 after buying an additional 189 shares in the last quarter. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

About Centrus Energy

Centrus Energy Corp. supplies nuclear fuel components and services for the nuclear power industry in the United States, Belgium, Japan, and internationally. The company operates through two segments, Low-Enriched Uranium (LEU) and Technical Solutions. The LEU segment sells separative work units (SWU) components of LEU; natural uranium hexafluoride, uranium concentrates, and uranium conversion; and enriched uranium products to utilities that operate nuclear power plants.

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