Centrus Energy (NYSE:LEU) Sets New 1-Year Low – What’s Next?

Centrus Energy Corp. (NYSE:LEU)’s stock price hit a new 52-week low during mid-day trading on Thursday. The stock 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.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Jefferies Financial Group started coverage on Centrus Energy in a research report on Thursday, September 3rd. They set a “hold” rating and a $169.00 price target on the stock. Bank of America cut their price objective on Centrus Energy from $240.00 to $205.00 and set a “neutral” rating for the company in a report on Thursday, July 9th. HC Wainwright reiterated a “buy” rating and set a $300.00 price objective on shares of Centrus Energy in a research report on Monday, July 27th. Weiss Ratings reissued a “hold (c-)” rating on shares of Centrus Energy in a report on Tuesday, August 4th. Finally, Truist Financial started coverage on Centrus Energy in a research report on Monday, July 13th. They issued a “buy” rating and a $215.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $235.71.

Centrus Energy Stock Performance

The company has a market cap of $2.78 billion, a PE ratio of 63.31, a PEG ratio of 11.05 and a beta of 1.53. The business’s 50-day moving average is $169.35 and its 200 day moving average is $178.20. The company has a debt-to-equity ratio of 1.39, a quick ratio of 4.52 and a current ratio of 5.39.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.77 earnings per share 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 business had revenue of $176.10 million during the quarter. During the same period in the prior year, the firm earned $1.59 earnings per share. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. On average, equities research analysts predict that Centrus Energy Corp. will post 4.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Centrus Energy

Institutional investors have recently bought and sold shares of the stock. Next Century Growth Investors LLC increased its stake in Centrus Energy by 56.2% in the 4th quarter. Next Century Growth Investors LLC now owns 33,462 shares of the company’s stock worth $8,123,000 after purchasing an additional 12,037 shares during the period. Van ECK Associates Corp grew its holdings 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 purchasing an additional 114,881 shares during the last quarter. WINTON GROUP Ltd purchased a new position in shares of Centrus Energy in the second quarter worth $1,356,000. Arlington Capital Management Inc. purchased a new position in shares of Centrus Energy in the first quarter worth $3,115,000. Finally, California State Teachers Retirement System raised its holdings in Centrus Energy by 24.3% during the 1st quarter. California State Teachers Retirement System now owns 19,606 shares of the company’s stock valued at $3,403,000 after buying an additional 3,837 shares during the last quarter. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

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.