Centrus Energy (NYSE:LEU) Upgraded to Strong-Buy at Truist Financial

Truist Financial upgraded shares of Centrus Energy (NYSE:LEU) to a strong-buy rating in a report published on Monday morning,Zacks.com reports.

Other analysts have also issued research reports about the stock. Roth Capital dropped their price target on shares of Centrus Energy from $230.00 to $195.00 and set a “neutral” rating for the company in a research note on Monday, June 22nd. Needham & Company LLC began coverage on shares of Centrus Energy in a research note on Thursday, July 9th. They set a “buy” rating and a $264.00 price objective on the stock. UBS Group decreased 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. Citigroup dropped their target price on shares of Centrus Energy from $224.00 to $218.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Finally, B. Riley Financial cut their target price on shares of Centrus Energy from $315.00 to $295.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $252.08.

Centrus Energy Price Performance

Shares of NYSE LEU opened at $159.83 on Monday. 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 has a fifty-two week low of $144.65 and a fifty-two week high of $464.25. The business has a 50 day moving average price of $177.39 and a two-hundred day moving average price of $212.17. The firm has a market cap of $3.14 billion, a PE ratio of 52.92, a price-to-earnings-growth ratio of 19.38 and a beta of 1.35.

Centrus Energy (NYSE:LEU) last announced its earnings results on Tuesday, May 5th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.72. The company had revenue of $76.70 million for 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%.Centrus Energy’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.60 EPS. Sell-side analysts expect that Centrus Energy will post 2.69 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Trading of Centrus Energy

Hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD increased its holdings in shares of 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 worth $90,265,000 after acquiring an additional 207,316 shares during the period. Bank of New York Mellon Corp lifted its position in Centrus Energy by 43.3% in the 4th quarter. Bank of New York Mellon Corp now owns 473,145 shares of the company’s stock valued at $114,861,000 after purchasing an additional 143,069 shares during the last quarter. Van ECK Associates Corp boosted its stake in Centrus Energy by 14.7% during the 4th quarter. Van ECK Associates Corp now owns 895,867 shares of the company’s stock valued at $217,481,000 after purchasing an additional 114,881 shares during the period. Renaissance Technologies LLC boosted its stake in Centrus Energy by 217.4% during the 1st 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 period. Finally, Man Group plc grew its position in Centrus Energy by 2,303.8% in the 4th quarter. Man Group plc now owns 114,037 shares of the company’s stock worth $27,684,000 after purchasing an additional 109,293 shares during the last quarter. Institutional investors 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.