Centrus Energy (NYSE:LEU) Reaches New 1-Year Low - Should You Sell?

Key Points

• Centrus Energy shares fell 2.9% to a new 52-week low of $110.34, well below their 50-day and 200-day moving averages.
• Despite the decline, analysts maintain a “Moderate Buy” consensus, with an average price target of $231.13; ratings include two Strong Buys, seven Buys, and eight Holds.
• The company reported strong quarterly results, with EPS of $1.77 versus a $0.74 estimate and revenue of $176.1 million, up 14% year over year. Institutional investors own nearly 50% of the stock.

Centrus Energy Corp. (NYSE:LEU - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Monday. The stock traded as low as $110.34 and last traded at $111.1140, with a volume of 221,032 shares traded. The stock had previously closed at $114.94.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on LEU shares. Truist Financial assumed coverage on shares of Centrus Energy in a research report on Monday, July 13th. They issued a "buy" rating and a $215.00 price target on the stock. Weiss Ratings upgraded shares of Centrus Energy from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, October 8th. Barclays initiated coverage on shares of Centrus Energy in a research report on Tuesday, August 18th. They set an "equal weight" rating and a $207.00 price objective for the company. HC Wainwright reissued a "buy" rating and set a $300.00 target price on shares of Centrus Energy in a research note on Monday, July 27th. Finally, Guggenheim assumed coverage on shares of Centrus Energy in a report on Thursday, October 8th. 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 assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $231.13.

Centrus Energy Stock Down 2.9%

The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 50.71, a PEG ratio of 9.13 and a beta of 1.53. The firm has a 50 day moving average of $160.77 and a 200 day moving average of $173.86. The company has a quick ratio of 4.52, a current ratio of 5.39 and a debt-to-equity ratio of 1.39.

Centrus Energy (NYSE:LEU - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $1.03. The firm had revenue of $176.10 million for the quarter. Centrus Energy had a return on equity of 7.06% and a net margin of 10.23%. Centrus Energy's quarterly revenue was up 14.0% compared to the same quarter last year. During the same period last year, the firm posted $1.59 earnings per share. As a group, sell-side analysts predict that Centrus Energy Corp. will post 4.21 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Vontobel Holding Ltd. grew its stake in shares of Centrus Energy by 62.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 2,493 shares of the company's stock valued at $348,000 after buying an additional 955 shares during the period. State of Alaska Department of Revenue bought a new stake in Centrus Energy in the 3rd quarter valued at about $450,000. Fortitude Family Office LLC raised its stake in Centrus Energy by 5,100.0% during the 3rd quarter. Fortitude Family Office LLC now owns 416 shares of the company's stock worth $58,000 after buying an additional 408 shares during the period. GK Wealth Management LLC acquired a new position in Centrus Energy during the 3rd quarter worth approximately $130,000. Finally, GAMMA Investing LLC boosted its holdings in Centrus Energy by 57.6% in the third quarter. GAMMA Investing LLC now owns 703 shares of the company's stock worth $98,000 after acquiring an additional 257 shares in the last quarter. Institutional investors and hedge funds own 49.96% of the company's stock.

Centrus Energy Company Profile

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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