Centrus Energy (NYSE:LEU) Reaches New 1-Year High - Time to Buy?

Key Points

• Centrus Energy reached a new 52-week high of $342.01, reflecting significant investor interest with a volume of 33,653 shares traded.
• Analysts have set varied price targets for Centrus Energy, with ratings including one Strong Buy, seven Buy, and six Hold, resulting in an average target price of $202.09.
• Despite a quarterly revenue decline of 18.3% year-over-year, Centrus Energy reported earnings of $1.59 per share, exceeding consensus estimates by $1.01.

Centrus Energy Corp. (NYSE:LEU - Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as $340.49 and last traded at $342.01, with a volume of 33653 shares trading hands. The stock had previously closed at $331.11.

Analysts Set New Price Targets

Several research firms have weighed in on LEU. William Blair restated an "outperform" rating on shares of Centrus Energy in a report on Wednesday, July 9th. UBS Group raised Centrus Energy to a "hold" rating and set a $215.00 price objective for the company in a research note on Monday, July 21st. Bank of America reiterated a "neutral" rating and issued a $285.00 target price (up previously from $210.00) on shares of 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. Finally, HC Wainwright reiterated a "buy" rating and issued a $300.00 target price on shares of Centrus Energy in a report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, Centrus Energy presently has an average rating of "Moderate Buy" and an average target price of $202.09.

Centrus Energy Trading Down 0.0%

The company has a current ratio of 2.93, a quick ratio of 2.46 and a debt-to-equity ratio of 3.09. The stock has a 50-day simple moving average of $228.34 and a two-hundred day simple moving average of $156.97. The firm has a market capitalization of $6.03 billion, a P/E ratio of 75.04 and a beta of 1.53.

Centrus Energy (NYSE:LEU - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $1.01. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%.The company's quarterly revenue was down 18.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.89 earnings per share. On average, equities research analysts anticipate that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

Institutional Investors Weigh In On Centrus Energy

Institutional investors and hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its position in Centrus Energy by 157.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 183 shares of the company's stock valued at $34,000 after purchasing an additional 112 shares in the last quarter. USA Financial Formulas bought a new position in shares of Centrus Energy in the 2nd quarter worth $35,000. Harbour Investments Inc. raised its position in shares of Centrus Energy by 1,181.3% in the 2nd quarter. Harbour Investments Inc. now owns 205 shares of the company's stock worth $38,000 after acquiring an additional 189 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Centrus Energy by 2,084.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 284 shares of the company's stock worth $52,000 after acquiring an additional 271 shares in the last quarter. Finally, Stone House Investment Management LLC bought a new position in shares of Centrus Energy in the 1st quarter worth $28,000. 49.96% of the stock is owned by 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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