Centrus Energy (NYSE:LEU) Stock Picked Up by Analysts at Guggenheim

Equities researchers at Guggenheim started coverage on shares of Centrus Energy (NYSE:LEU) in a research note issued to investors on Thursday, Marketbeat.com reports. The firm set a “buy” rating on the stock.

LEU has been the topic of several other research reports. Zacks Research upgraded shares of Centrus Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 28th. Weiss Ratings restated a “hold (c-)” rating on shares of Centrus Energy in a report on Tuesday, August 4th. Barclays assumed coverage on Centrus Energy in a report on Tuesday, August 18th. They set an “equal weight” rating and a $207.00 target price for the company. Stifel Nicolaus dropped their price target on Centrus Energy from $246.00 to $216.00 and set a “buy” rating on the stock in a research note on Tuesday, August 25th. Finally, HC Wainwright restated a “buy” rating and set a $300.00 price objective on shares of Centrus Energy in a report on Monday, July 27th. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $231.13.

Centrus Energy Price Performance

Shares of NYSE LEU opened at $142.40 on Thursday. Centrus Energy has a twelve month low of $135.74 and a twelve month high of $464.25. 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 50-day moving average of $167.43 and a two-hundred day moving average of $176.35. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 64.73, a PEG ratio of 11.69 and a beta of 1.53.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $1.03. Centrus Energy had a net margin of 10.23% and a return on equity of 7.06%. The company had revenue of $176.10 million for the quarter. During the same period in the prior year, the firm earned $1.59 EPS. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. As a group, analysts expect that Centrus Energy will post 4.21 earnings per share for the current fiscal year.

Institutional Trading of Centrus Energy

A number of hedge funds have recently modified their holdings of the business. Van ECK Associates Corp grew its holdings in shares of Centrus Energy by 14.7% during the fourth quarter. Van ECK Associates Corp now owns 895,867 shares of the company’s stock valued at $217,481,000 after buying an additional 114,881 shares in the last quarter. Goehring & Rozencwajg Associates LLC grew its position in Centrus Energy by 6.3% during the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 171,114 shares of the company’s stock valued at $41,540,000 after purchasing an additional 10,127 shares in the last quarter. Renaissance Technologies LLC grew its position in Centrus Energy by 217.4% during the first 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 in the last quarter. Granahan Investment Management LLC increased its stake in Centrus Energy by 19.2% in the 1st quarter. Granahan Investment Management LLC now owns 89,690 shares of the company’s stock valued at $15,569,000 after buying an additional 14,455 shares during the period. Finally, Marsico Capital Management LLC increased its stake in Centrus Energy by 36.5% in the 4th quarter. Marsico Capital Management LLC now owns 55,057 shares of the company’s stock valued at $13,366,000 after buying an additional 14,730 shares during the period. Hedge funds and other 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.