Centrus Energy Corp. (NYSE:LEU) Stock Has Average Price Target of $211.93

Key Points

• Centrus Energy has a “Moderate Buy” consensus among 17 analysts, with an average 12-month price target of $211.93. Ratings include eight holds, eight buys and one strong buy.
• Several analysts recently lowered their price targets, including Stifel Nicolaus to $216, UBS to $120 with a neutral rating, and Truist Financial to $178 while maintaining a buy rating.
• LEU opened at $102.38, near its 12-month low of $99.33 and well below its $401.99 high. Despite the stock’s decline, Centrus reported quarterly EPS of $1.77 versus $0.74 expected, while revenue rose 14% year over year to $176.1 million.

Centrus Energy Corp. (NYSE:LEU - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the seventeen research firms that are presently covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $211.93.

LEU has been the subject of a number of analyst reports. Stifel Nicolaus reduced their price objective on shares of Centrus Energy from $246.00 to $216.00 and set a "buy" rating for the company in a research note on Tuesday, August 25th. Weiss Ratings upgraded Centrus Energy from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, October 8th. Guggenheim started coverage on Centrus Energy in a research note on Thursday, October 8th. They issued a "buy" rating and a $167.00 price target for the company. UBS Group lowered their price objective on Centrus Energy from $185.00 to $120.00 and set a "neutral" rating on the stock in a research report on Friday. Finally, Truist Financial dropped their price objective on Centrus Energy from $215.00 to $178.00 and set a "buy" rating for the company in a research note on Thursday.

Centrus Energy Stock Performance

Shares of NYSE LEU opened at $102.38 on Friday. The firm has a 50 day moving average of $152.53 and a 200 day moving average of $171.34. The company has a current ratio of 5.39, a quick ratio of 4.52 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 46.54, a price-to-earnings-growth ratio of 8.14 and a beta of 1.53. Centrus Energy has a 12-month low of $99.33 and a 12-month high of $401.99.

Centrus Energy (NYSE:LEU - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.77 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $1.03. The business had revenue of $176.10 million during the quarter. Centrus Energy had a return on equity of 7.06% and a net margin of 10.23%. The business's quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.59 EPS. On average, research analysts anticipate that Centrus Energy will post 4.21 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased its position in shares of Centrus Energy by 217.4% during the 1st quarter. Renaissance Technologies LLC now owns 160,542 shares of the company's stock valued at $27,868,000 after purchasing an additional 109,960 shares during the last quarter. SG Americas Securities LLC raised its holdings in Centrus Energy by 1,033.3% during the 1st quarter. SG Americas Securities LLC now owns 42,521 shares of the company's stock valued at $7,381,000 after buying an additional 38,769 shares during the period. Goehring & Rozencwajg Associates LLC raised its holdings in Centrus Energy by 18.1% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 202,058 shares of the company's stock valued at $35,075,000 after buying an additional 30,944 shares during the period. Atlas Wealth LLC bought a new stake in Centrus Energy in the first quarter worth $4,376,000. Finally, Arlington Capital Management Inc. bought a new stake in Centrus Energy in the first quarter worth $3,115,000. 49.96% of the stock is owned by hedge funds and other institutional investors.

Centrus Energy Company Profile

Centrus Energy Corp. NYSE: LEU is a U.S.-based supplier of nuclear fuel and related services. The company provides enriched uranium products, including low-enriched uranium used to fuel commercial nuclear reactors, as well as uranium and fuel-management services for utilities and other customers in the nuclear energy industry.

Centrus is also developing high-assay low-enriched uranium (HALEU), an advanced fuel intended for certain next-generation and small modular reactors. Its American Centrifuge technology is being developed to support domestic uranium enrichment and reduce reliance on foreign fuel-supply chains.

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