Centrus Energy (NYSE:LEU) Reaches New 12-Month High - Still a Buy?

Key Points

• Centrus Energy Corp. (NYSE: LEU) has hit a new 52-week high of $430.00, with shares trading at $400.74 following a volume of over 1.9 million shares.
• Analyst ratings for Centrus Energy vary, with one strong buy, seven buy, and five hold ratings, and a consensus target price around $202.09.
• Despite a 16.56% net margin and beating earnings estimates, Centrus Energy reported a 18.3% decline in quarterly revenue compared to the previous year.

Shares of Centrus Energy Corp. (NYSE:LEU - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $430.00 and last traded at $400.74, with a volume of 1935313 shares changing hands. The stock had previously closed at $363.71.

Analyst Ratings Changes

Several research firms have weighed in on LEU. UBS Group upgraded shares of Centrus Energy to a "hold" rating and set a $215.00 price objective on the stock in a research report on Monday, July 21st. Stifel Nicolaus initiated coverage on Centrus Energy in a research note on Friday, July 11th. They issued a "buy" rating and a $220.00 price objective for the company. Northland Capmk upgraded Centrus Energy to a "strong-buy" rating in a report on Monday, July 7th. 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Centrus Energy from $150.00 to $164.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $202.09.

Centrus Energy Trading Up 10.2%

The firm has a market cap of $7.30 billion, a P/E ratio of 90.87 and a beta of 1.51. The company has a 50 day moving average of $250.59 and a 200 day moving average of $174.47. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93.

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

Hedge Funds Weigh In On Centrus Energy

Hedge funds have recently bought and sold shares of the business. Nisa Investment Advisors LLC boosted its stake in shares of Centrus Energy by 157.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 183 shares of the company's stock worth $34,000 after acquiring an additional 112 shares in the last quarter. USA Financial Formulas acquired a new stake in Centrus Energy in the 2nd quarter worth approximately $35,000. Harbour Investments Inc. lifted its holdings in 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 purchasing an additional 189 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in 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 purchasing an additional 271 shares during the last quarter. Finally, Stone House Investment Management LLC bought a new position in shares of Centrus Energy in the first quarter valued at approximately $28,000. 49.96% of the stock is owned by institutional investors and hedge funds.

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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