Centrus Energy (NYSE:LEU) Raised to Sell at Wall Street Zen

Centrus Energy (NYSE:LEU – Get Free Report) was upgraded by analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Other research analysts also recently issued reports about the company. Truist Financial dropped their price target on Centrus Energy from $215.00 to $178.00 and set a “buy” rating on the stock in a research note on Thursday, October 22nd. Stifel Nicolaus reduced their price objective on Centrus Energy from $246.00 to $216.00 and set a “buy” rating for the company in a research note on Tuesday, August 25th. HC Wainwright restated a “buy” rating and set a $300.00 price objective on shares of Centrus Energy in a report on Wednesday, October 21st. Zacks Research lowered Centrus Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 27th. Finally, Barclays cut their target price on Centrus Energy from $150.00 to $149.00 and set an “equal weight” rating on the stock in a report on Friday. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $193.06.

Get Our Latest Stock Analysis on LEU

Centrus Energy Price Performance

Shares of NYSE LEU opened at $104.56 on Friday. The firm’s 50-day moving average price is $136.02 and its 200-day moving average price is $181.07. Centrus Energy has a 1-year low of $84.86 and a 1-year high of $345.60. The firm has a market capitalization of $2.09 billion, a P/E ratio of 30.57, a P/E/G ratio of 10.02 and a beta of 1.40. The company has a current ratio of 8.61, a quick ratio of 7.99 and a debt-to-equity ratio of 1.27.

Centrus Energy (NYSE:LEU – Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The company reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.33). The company had revenue of $55.50 million for the quarter. Centrus Energy had a return on equity of 8.73% and a net margin of 16.77%. Centrus Energy’s quarterly revenue was down 25.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 earnings per share. Equities research analysts anticipate that Centrus Energy will post 3.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Centrus Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Carlson Financial Inc. raised its position in Centrus Energy by 2.2% in the 2nd quarter. Carlson Financial Inc. now owns 2,667 shares of the company’s stock valued at $448,000 after buying an additional 58 shares during the last quarter. Parallel Advisors LLC lifted its stake in Centrus Energy by 38.5% during the 1st quarter. Parallel Advisors LLC now owns 338 shares of the company’s stock valued at $59,000 after acquiring an additional 94 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Centrus Energy by 7.2% during the 2nd quarter. Wellington Management Group LLP now owns 1,637 shares of the company’s stock worth $275,000 after acquiring an additional 110 shares during the last quarter. NFSG Corp boosted its holdings in Centrus Energy by 44.8% during the 1st quarter. NFSG Corp now owns 362 shares of the company’s stock worth $63,000 after acquiring an additional 112 shares during the last quarter. Finally, ProShare Advisors LLC boosted its holdings in Centrus Energy by 5.0% during the 3rd quarter. ProShare Advisors LLC now owns 2,565 shares of the company’s stock worth $358,000 after acquiring an additional 123 shares during the last quarter. Institutional investors and hedge funds own 49.96% of the company’s stock.

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Centrus Energy Company Profile

(Get Free Report)

Centrus Energy Corp. is a U.S.-based supplier of nuclear fuel and related services. Its main business includes providing low-enriched uranium (LEU), a fuel used by many commercial nuclear power plants, and uranium enrichment services to utilities and other customers.

The company also develops and operates centrifuge technology and provides engineering, manufacturing, and technical services to government and commercial customers. In recent years, Centrus has worked under U.S. Department of Energy contracts to demonstrate production of high-assay low-enriched uranium (HALEU), an advanced fuel intended for certain next-generation reactors.

Formerly known as USEC Inc, the company adopted the Centrus Energy name in 2014.

Further Reading

Analyst Recommendations for Centrus Energy (NYSE:LEU)

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