Centrus Energy (NYSE:LEU) Raised to Strong-Buy at Zacks Research

Centrus Energy (NYSE:LEUGet Free Report) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

LEU has been the subject of several other reports. B. Riley increased their price target on shares of Centrus Energy from $221.00 to $315.00 and gave the company a “buy” rating in a research report on Monday, December 22nd. Northland Securities set a $325.00 target price on shares of Centrus Energy in a research report on Wednesday. William Blair restated an “outperform” rating on shares of Centrus Energy in a research note on Tuesday. JPMorgan Chase & Co. reduced their price target on Centrus Energy from $275.00 to $245.00 and set a “neutral” rating on the stock in a research report on Friday, November 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Centrus Energy in a report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Centrus Energy has an average rating of “Moderate Buy” and a consensus target price of $265.00.

Get Our Latest Stock Analysis on Centrus Energy

Centrus Energy Stock Up 3.4%

Centrus Energy stock opened at $322.49 on Tuesday. Centrus Energy has a twelve month low of $49.40 and a twelve month high of $464.25. The business has a fifty day moving average of $269.62 and a two-hundred day moving average of $258.18. The firm has a market cap of $5.87 billion, a P/E ratio of 49.01 and a beta of 1.24. The company has a quick ratio of 2.79, a current ratio of 3.46 and a debt-to-equity ratio of 3.23.

Centrus Energy (NYSE:LEUGet Free Report) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.17). Centrus Energy had a return on equity of 37.14% and a net margin of 25.04%.During the same period in the prior year, the business earned ($0.30) earnings per share. The company’s revenue was up 29.8% on a year-over-year basis. On average, analysts forecast that Centrus Energy will post 2.63 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Centrus Energy

A number of large investors have recently made changes to their positions in LEU. Aventura Private Wealth LLC acquired a new position in shares of Centrus Energy in the 4th quarter valued at $30,000. RiverPark Advisors LLC acquired a new position in shares of Centrus Energy in the third quarter valued at about $33,000. Nisa Investment Advisors LLC raised its stake in shares of Centrus Energy by 157.7% in the second quarter. Nisa Investment Advisors LLC now owns 183 shares of the company’s stock worth $34,000 after purchasing an additional 112 shares during the last quarter. Fulcrum Asset Management LLP purchased a new position in shares of Centrus Energy in the third quarter worth about $34,000. Finally, USA Financial Formulas purchased a new stake in Centrus Energy in the second quarter valued at approximately $35,000. 49.96% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Centrus Energy

Here are the key news stories impacting Centrus Energy this week:

About Centrus Energy

(Get Free Report)

Centrus Energy Corp is a U.S.-based supplier of nuclear fuel and enrichment services, specializing in the production of low-enriched uranium (LEU) for commercial power reactors and highly enriched uranium for naval propulsion. Through its Centrus Global subsidiary, the company provides technical support, fuel fabrication services and recycled uranium products to utilities operating light-water reactors. Centrus also develops advanced centrifuge technologies aimed at improving enrichment efficiency and reducing the cost of nuclear fuel.

Originally founded as the United States Enrichment Corporation (USEC) in 1998 following a spin-out from the U.S.

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Analyst Recommendations for Centrus Energy (NYSE:LEU)

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