Centrus Energy (NYSE:LEU) Hits New 12-Month Low - What's Next?

Key Points

• Centrus Energy fell to a new 52-week low of $135.50, well below its 50-day and 200-day moving averages of $166.74 and $175.99, respectively.
• Analyst sentiment remains positive overall, with a “Moderate Buy” consensus and an average price target of $231.13, although recent targets range from $167 to $262 and include several Hold ratings.
• The company reported strong quarterly results, including $1.77 in EPS versus the $0.74 consensus estimate and 14% year-over-year revenue growth to $176.1 million; institutional investors own nearly 50% of the stock.

Centrus Energy Corp. (NYSE:LEU - Get Free Report) hit a new 52-week low during trading on Monday. The stock traded as low as $135.50 and last traded at $136.0820, with a volume of 216,076 shares trading hands. The stock had previously closed at $142.44.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Centrus Energy from $178.00 to $180.00 and gave the stock a "neutral" rating in a research note on Friday, August 7th. Zacks Research raised shares of Centrus Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 28th. Needham & Company LLC reduced their price objective on shares of Centrus Energy from $264.00 to $262.00 and set a "buy" rating for the company in a research note on Friday, August 7th. Jefferies Financial Group began coverage on shares of Centrus Energy in a report on Thursday, September 3rd. They issued a "hold" rating and a $169.00 target price for the company. Finally, Guggenheim initiated coverage on shares of Centrus Energy in a research report on Thursday. They issued a "buy" rating and a $167.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $231.13.

Centrus Energy Price Performance

The stock has a fifty day moving average price of $166.74 and a 200-day moving average price of $175.99. The company has a market cap of $2.73 billion, a PE ratio of 62.36, a price-to-earnings-growth ratio of 11.32 and a beta of 1.53. The company has a debt-to-equity ratio of 1.39, a current ratio of 5.39 and a quick ratio of 4.52.

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

Institutional Investors Weigh In On Centrus Energy

Several hedge funds have recently bought and sold shares of LEU. Goehring & Rozencwajg Associates LLC lifted its position in Centrus Energy by 18.1% in the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 202,058 shares of the company's stock worth $35,075,000 after buying an additional 30,944 shares in the last quarter. Renaissance Technologies LLC boosted its stake 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 buying an additional 109,960 shares during the period. Granahan Investment Management LLC grew its holdings in shares of Centrus Energy by 19.2% during the 1st quarter. Granahan Investment Management LLC now owns 89,690 shares of the company's stock valued at $15,569,000 after acquiring an additional 14,455 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of Centrus Energy by 349.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 49,479 shares of the company's stock valued at $12,012,000 after acquiring an additional 38,472 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of 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 acquiring an additional 38,769 shares in the last quarter. 49.96% of the stock is owned by hedge funds and other institutional investors.

About Centrus Energy

Centrus Energy Corp. is a U.S.-based nuclear fuel company that supplies enriched uranium and related services to commercial nuclear power producers and other customers. Its business includes the sale of low-enriched uranium (LEU), which is used to manufacture fuel for nuclear reactors, as well as uranium enrichment and fuel-management services.

The company is also developing high-assay low-enriched uranium (HALEU), an advanced nuclear fuel intended for certain next-generation reactors.

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