Centrus Energy (NYSE:LEU) Stock Rating Upgraded by Truist Financial

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

LEU has been the topic of several other research reports. Bank of America lowered their target price on shares of Centrus Energy from $240.00 to $205.00 and set a “neutral” rating on the stock in a report on Thursday, July 9th. Zacks Research raised shares of Centrus Energy from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. B. Riley Financial reduced their price target on shares of Centrus Energy from $315.00 to $295.00 and set a “buy” rating on the stock in a research report on Friday, April 24th. Citigroup decreased their price objective on shares of Centrus Energy from $224.00 to $218.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. Finally, UBS Group dropped their price objective on shares of Centrus Energy from $195.00 to $170.00 and set a “neutral” rating for the company in a report on Tuesday, June 16th. One investment 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 company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $252.08.

Centrus Energy Price Performance

Shares of LEU stock opened at $159.83 on Monday. The stock’s fifty day simple moving average is $177.39 and its 200 day simple moving average is $212.17. Centrus Energy has a one year low of $144.65 and a one year high of $464.25. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 52.92, a P/E/G ratio of 19.38 and a beta of 1.35. The company has a debt-to-equity ratio of 1.52, a current ratio of 5.72 and a quick ratio of 4.88.

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

Insider Buying and Selling at Centrus Energy

In related news, CFO Todd M. Tinelli sold 306 shares of Centrus Energy stock in a transaction dated Monday, May 11th. The stock was 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 link. Company insiders own 0.72% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LEU. Price T Rowe Associates Inc. MD increased its position in Centrus Energy by 126.0% in 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 in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Centrus Energy by 43.3% during the fourth quarter. Bank of New York Mellon Corp now owns 473,145 shares of the company’s stock worth $114,861,000 after purchasing an additional 143,069 shares in the last quarter. Van ECK Associates Corp lifted its position 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 worth $217,481,000 after purchasing an additional 114,881 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of 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 during the last quarter. Finally, Man Group plc increased its holdings in shares of Centrus Energy by 2,303.8% in the fourth quarter. Man Group plc now owns 114,037 shares of the company’s stock valued at $27,684,000 after purchasing an additional 109,293 shares in the last quarter. Institutional investors and hedge funds own 49.96% of the company’s stock.

Centrus Energy Company Profile

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.