Centrus Energy (NYSE:LEU) Sets New 1-Year High - Still a Buy?

Key Points

• Centrus Energy Corp. reached a new 52-week high of $388.62 before closing at $370.07, reflecting significant trading activity with nearly 1.3 million shares exchanged.
• A variety of brokerages have revised their price targets for Centrus Energy, with targets ranging from $164.00 to $285.00, indicating a consensus rating of "Moderate Buy."
• Despite a reported 18.3% decline in revenue year-over-year, Centrus Energy exceeded earnings expectations with $1.59 EPS, surpassing the consensus estimate by $1.01.

Centrus Energy Corp. (NYSE:LEU - Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as $388.62 and last traded at $370.07, with a volume of 1299366 shares changing hands. The stock had previously closed at $356.28.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LEU. Northland Securities set a $275.00 price target on shares of Centrus Energy in a research report on Thursday, August 7th. JPMorgan Chase & Co. lifted their target price on shares of Centrus Energy from $150.00 to $164.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. B. Riley restated a "buy" rating and set a $221.00 price target (up from $134.00) on shares of Centrus Energy in a research report on Monday, June 23rd. Northland Capmk raised Centrus Energy to a "strong-buy" rating in a research note on Monday, July 7th. Finally, Bank of America reissued a "neutral" rating and set a $285.00 target price (up previously from $210.00) on shares of Centrus Energy in a research note on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $202.09.

Centrus Energy Stock Performance

The stock has a market capitalization of $6.74 billion, a PE ratio of 83.92 and a beta of 1.51. 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 stock has a fifty day moving average of $237.78 and a 200-day moving average of $165.31.

Centrus Energy (NYSE:LEU - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $1.59 earnings per share for the quarter, topping 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 company's revenue for the quarter was down 18.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.89 EPS. Equities analysts anticipate that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its holdings in shares of Centrus Energy by 157.7% in 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 purchased a new position in Centrus Energy in the second quarter valued at $35,000. Harbour Investments Inc. raised its stake in 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. Farther Finance Advisors LLC lifted its holdings in Centrus Energy by 2,084.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 284 shares of the company's stock worth $52,000 after buying an additional 271 shares during the last quarter. Finally, Stone House Investment Management LLC acquired a new position in shares of Centrus Energy during the 1st quarter worth about $28,000. Institutional investors and hedge funds own 49.96% of the company's stock.

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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