Centrus Energy (NYSE:LEU) Sets New 12-Month High – Should You Buy?

Shares of Centrus Energy Corp. (NYSE:LEU) hit a new 52-week high during trading on Friday . The stock traded as high as $288.00 and last traded at $293.51, with a volume of 729029 shares traded. The stock had previously closed at $262.65.

Analyst Upgrades and Downgrades

Several analysts have recently commented on LEU shares. Northland Capmk raised shares of Centrus Energy to a “strong-buy” rating in a research report on Monday, July 7th. B. Riley reaffirmed a “buy” rating and set a $221.00 price objective (up from $134.00) on shares of Centrus Energy in a report on Monday, June 23rd. HC Wainwright reiterated a “buy” rating and set a $300.00 target price on shares of Centrus Energy in a research note on Tuesday, August 26th. UBS Group upgraded Centrus Energy to a “hold” rating and set a $215.00 price objective on the stock in a research note on Monday, July 21st. Finally, Evercore ISI boosted their price objective on Centrus Energy from $251.00 to $252.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $202.09.

Centrus Energy Price Performance

The company has a debt-to-equity ratio of 3.09, a current ratio of 2.93 and a quick ratio of 2.46. The company has a market capitalization of $5.36 billion, a PE ratio of 66.78 and a beta of 1.53. The firm has a 50-day moving average of $215.39 and a 200 day moving average of $144.66.

Centrus Energy (NYSE:LEU) last released its quarterly earnings data on Tuesday, August 5th. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $0.58 by $1.01. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%.Centrus Energy’s revenue was down 18.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.89 EPS. As a group, research analysts anticipate that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.

Institutional Trading of Centrus Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC grew its holdings in Centrus Energy by 157.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 183 shares of the company’s stock valued at $34,000 after buying an additional 112 shares in the last quarter. USA Financial Formulas purchased a new position in Centrus Energy during the 2nd quarter valued at approximately $35,000. Harbour Investments Inc. grew its holdings in Centrus Energy by 1,181.3% during the 2nd quarter. Harbour Investments Inc. now owns 205 shares of the company’s stock valued at $38,000 after buying an additional 189 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Centrus Energy by 2,084.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 284 shares of the company’s stock worth $52,000 after purchasing an additional 271 shares during the period. Finally, Stone House Investment Management LLC purchased a new position in shares of Centrus Energy in the 1st quarter worth approximately $28,000. Institutional investors own 49.96% of the company’s stock.

Centrus Energy Company Profile

Centrus Energy Corp. supplies nuclear fuel components and services for the nuclear power industry in the United States, Belgium, Japan, and internationally. The company operates through two segments, Low-Enriched Uranium (LEU) and Technical Solutions. The LEU segment sells separative work units (SWU) components of LEU; natural uranium hexafluoride, uranium concentrates, and uranium conversion; and enriched uranium products to utilities that operate nuclear power plants.