Centrus Energy (NYSE:LEU) Sets New 52-Week Low - Time to Sell?

Key Points

• Centrus Energy shares fell to a new 52-week low of $135.85, trading below both the 50-day moving average of $170.49 and the 200-day moving average of $178.97.
• Analyst sentiment remains mixed but leans positive, with a MarketBeat average rating of “Moderate Buy” and an average price target of $235.71; recent targets ranged from $169 to $188.
• The company reported strong quarterly results, including $1.77 in EPS versus $0.74 expected and revenue growth of 14% year over year to $176.1 million, though its valuation remains elevated at a price-to-earnings ratio of 63.22.

Centrus Energy Corp. (NYSE:LEU - Get Free Report) hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $135.85 and last traded at $136.6460, with a volume of 211253 shares traded. The stock had previously closed at $139.49.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LEU. Roth Capital reiterated a "neutral" rating and set a $188.00 price target on shares of Centrus Energy in a research report on Thursday, August 6th. UBS Group increased their target price on Centrus Energy from $170.00 to $185.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 19th. Weiss Ratings reissued a "hold (c-)" rating on shares of Centrus Energy in a report on Tuesday, August 4th. Zacks Research upgraded shares of Centrus Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday. Finally, Jefferies Financial Group started coverage on shares of Centrus Energy in a report on Thursday, September 3rd. They issued a "hold" rating and a $169.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $235.71.

Centrus Energy Trading Down 0.3%

The firm has a 50-day moving average of $170.49 and a 200 day moving average of $178.97. 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 stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 63.22, a PEG ratio of 10.98 and a beta of 1.33.

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

Hedge Funds Weigh In On Centrus Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Carlson Financial Inc. raised its position in shares of Centrus Energy by 2.2% during the 2nd quarter. Carlson Financial Inc. now owns 2,667 shares of the company's stock worth $448,000 after buying an additional 58 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of Centrus Energy by 38.5% in the first quarter. Parallel Advisors LLC now owns 338 shares of the company's stock valued at $59,000 after acquiring an additional 94 shares in the last quarter. Harbour Investments Inc. increased its stake in shares of Centrus Energy by 15.9% during the fourth quarter. Harbour Investments Inc. now owns 698 shares of the company's stock valued at $169,000 after acquiring an additional 96 shares during the period. Banque Cantonale Vaudoise increased its stake in shares of Centrus Energy by 4.0% during the first quarter. Banque Cantonale Vaudoise now owns 2,599 shares of the company's stock valued at $451,000 after acquiring an additional 99 shares during the period. Finally, Vermillion Wealth Management Inc. raised its holdings in Centrus Energy by 5,000.0% during the fourth quarter. Vermillion Wealth Management Inc. now owns 102 shares of the company's stock worth $25,000 after purchasing an additional 100 shares in the last quarter. Institutional investors 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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