Centrus Energy (NYSE:LEU) Upgraded by Truist Financial to “Strong-Buy” Rating

Centrus Energy (NYSE:LEU) was upgraded by equities research analysts at Truist Financial to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

A number of other equities analysts also recently commented on the company. Needham & Company LLC started coverage on Centrus Energy in a report on Thursday, July 9th. They issued a “buy” rating and a $264.00 price objective on the stock. Zacks Research raised shares of Centrus Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. B. Riley Financial cut their price target on shares of Centrus Energy from $315.00 to $295.00 and set a “buy” rating on the stock in a report on Friday, April 24th. Citigroup reduced their price target on shares of Centrus Energy from $224.00 to $218.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. Finally, Bank of America decreased their price objective on shares of Centrus Energy from $240.00 to $205.00 and set a “neutral” rating for the company in a research note on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Centrus Energy currently has a consensus rating of “Moderate Buy” and an average target price of $252.08.

Centrus Energy Stock Performance

NYSE:LEU opened at $159.83 on Monday. Centrus Energy has a fifty-two week low of $144.65 and a fifty-two week high of $464.25. The firm’s 50 day moving average is $177.39 and its two-hundred day moving average is $212.17. The company has a market cap of $3.14 billion, a P/E ratio of 52.92, a P/E/G ratio of 19.38 and a beta of 1.35. The company has a quick ratio of 4.88, a current ratio of 5.72 and a debt-to-equity ratio of 1.52.

Centrus Energy (NYSE:LEU) last issued its earnings results on Tuesday, May 5th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.72. Centrus Energy had a return on equity of 13.10% and a net margin of 13.40%.The business had revenue of $76.70 million for the quarter, compared to analyst estimates of $76.13 million. During the same period last year, the company posted $1.60 EPS. The business’s quarterly revenue was up 4.9% on a year-over-year basis. Analysts expect that Centrus Energy will post 2.69 EPS for the current year.

Insiders Place Their Bets

In other Centrus Energy news, CFO Todd M. Tinelli sold 306 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $203.55, for a total value of $62,286.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.72% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of LEU. Vanguard Group Inc. raised its position in shares of Centrus Energy by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 1,086,443 shares of the company’s stock valued at $263,745,000 after purchasing an additional 14,325 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Centrus Energy by 14.7% in the fourth quarter. Van ECK Associates Corp now owns 895,867 shares of the company’s stock worth $217,481,000 after buying an additional 114,881 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Centrus Energy by 43.3% in the fourth quarter. Bank of New York Mellon Corp now owns 473,145 shares of the company’s stock worth $114,861,000 after buying an additional 143,069 shares during the last quarter. Geode Capital Management LLC raised its holdings in Centrus Energy by 7.8% in the fourth quarter. Geode Capital Management LLC now owns 414,933 shares of the company’s stock valued at $100,746,000 after acquiring an additional 29,857 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Centrus Energy by 126.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 371,822 shares of the company’s stock valued at $90,265,000 after acquiring an additional 207,316 shares during the last quarter. Hedge funds and other institutional investors own 49.96% of the company’s stock.

About Centrus Energy

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.