Needham & Company LLC Reaffirms Buy Rating for Centrus Energy (NYSE:LEU)

Centrus Energy (NYSE:LEU)‘s stock had its “buy” rating reiterated by research analysts at Needham & Company LLC in a research note issued on Monday,Benzinga reports. They presently have a $357.00 price target on the stock. Needham & Company LLC’s target price points to a potential upside of 36.43% from the company’s current price.

A number of other equities analysts have also weighed in on LEU. JPMorgan Chase & Co. lowered their target price on Centrus Energy from $275.00 to $245.00 and set a “neutral” rating on the stock in a research report on Friday, November 7th. HC Wainwright restated a “buy” rating and set a $300.00 price target on shares of Centrus Energy in a research note on Tuesday, August 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Centrus Energy in a research note on Wednesday. Finally, UBS Group set a $245.00 price objective on shares of Centrus Energy in a report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $239.36.

Centrus Energy Trading Up 13.9%

NYSE:LEU opened at $261.66 on Monday. Centrus Energy has a 12 month low of $49.40 and a 12 month high of $464.25. The company has a current ratio of 3.46, a quick ratio of 2.79 and a debt-to-equity ratio of 3.23. The stock has a market capitalization of $4.76 billion, a price-to-earnings ratio of 39.77 and a beta of 1.33. The firm has a fifty day simple moving average of $299.23 and a two-hundred day simple moving average of $249.18.

Centrus Energy (NYSE:LEU) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.17). Centrus Energy had a return on equity of 37.14% and a net margin of 25.04%.During the same quarter in the prior year, the firm posted ($0.30) EPS. The company’s quarterly revenue was up 29.8% compared to the same quarter last year. Analysts expect that Centrus Energy will post 2.63 EPS for the current fiscal year.

Institutional Trading of Centrus Energy

Several institutional investors and hedge funds have recently made changes to their positions in LEU. IFP Advisors Inc grew its stake in Centrus Energy by 38.3% in the 3rd quarter. IFP Advisors Inc now owns 148 shares of the company’s stock valued at $46,000 after buying an additional 41 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Centrus Energy by 15.1% in the third quarter. Farther Finance Advisors LLC now owns 327 shares of the company’s stock worth $101,000 after acquiring an additional 43 shares during the period. Rothschild Investment LLC grew its position in shares of Centrus Energy by 54.9% in the third quarter. Rothschild Investment LLC now owns 127 shares of the company’s stock valued at $39,000 after purchasing an additional 45 shares in the last quarter. Allworth Financial LP raised its stake in shares of Centrus Energy by 23.2% during the 3rd quarter. Allworth Financial LP now owns 239 shares of the company’s stock valued at $74,000 after purchasing an additional 45 shares during the period. Finally, Lido Advisors LLC raised its stake in shares of Centrus Energy by 4.2% during the 3rd quarter. Lido Advisors LLC now owns 1,138 shares of the company’s stock valued at $353,000 after purchasing an additional 46 shares during the period. 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.