Centrus Energy (NYSE:LEU) Shares Up 7.9% - Time to Buy?

Key Points

• Centrus Energy's shares increased by 7.9%, closing at $384.49, following a notable trading session with decreased volume compared to average levels.
• Analysts have provided varied ratings and price targets for LEU, with JPMorgan upgrading their target to $164.00 and Evercore ISI raising theirs to $252.00, indicating positive sentiment around the stock.
• The company's latest earnings report showed an EPS of $1.59, significantly surpassing expectations, despite a year-over-year revenue decline of 18.3%.

Centrus Energy Corp. (NYSE:LEU - Get Free Report) was up 7.9% during trading on Tuesday . The company traded as high as $388.62 and last traded at $384.49. Approximately 324,599 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 1,096,162 shares. The stock had previously closed at $356.28.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on LEU shares. JPMorgan Chase & Co. increased their price target on shares of Centrus Energy from $150.00 to $164.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Evercore ISI boosted their target price on shares of Centrus Energy from $251.00 to $252.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Bank of America reissued a "neutral" rating and set a $285.00 target price (up from $210.00) on shares of Centrus Energy in a research report on Thursday, August 7th. William Blair reiterated an "outperform" rating on shares of Centrus Energy in a research note on Wednesday, July 9th. Finally, HC Wainwright reiterated a "buy" rating and issued a $300.00 target price on shares of Centrus Energy in a research 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 assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $202.09.

Centrus Energy Stock Performance

The firm has a market cap of $6.68 billion, a price-to-earnings ratio of 83.13 and a beta of 1.51. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93. The firm's 50 day moving average is $234.86 and its 200-day moving average is $163.88.

Centrus Energy (NYSE:LEU - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $1.59 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%. During the same period last year, the business earned $1.89 EPS. The business's revenue was down 18.3% on a year-over-year basis. Sell-side analysts anticipate that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Centrus Energy

Several institutional investors and hedge funds have recently made changes to their positions in LEU. Ameritas Investment Partners Inc. lifted its position in Centrus Energy by 7.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,510 shares of the company's stock valued at $277,000 after purchasing an additional 111 shares during the period. Nisa Investment Advisors LLC increased its stake in 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 purchasing an additional 112 shares in the last quarter. Police & Firemen s Retirement System of New Jersey boosted its position in Centrus Energy by 3.7% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 3,294 shares of the company's stock worth $603,000 after acquiring an additional 119 shares during the last quarter. Atlatl Advisers LLC boosted its holdings in shares of Centrus Energy by 4.2% in the 2nd quarter. Atlatl Advisers LLC now owns 4,015 shares of the company's stock valued at $735,000 after buying an additional 160 shares during the last quarter. Finally, Harbour Investments Inc. boosted its holdings 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 valued at $38,000 after buying an additional 189 shares during the last quarter. 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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