Centrus Energy (NYSE:LEU) Receives Buy Rating from Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Centrus Energy (NYSE:LEU) in a research note issued to investors on Monday morning,Benzinga reports. They currently have a $357.00 price objective on the stock.

A number of other brokerages have also recently commented on LEU. UBS Group set a $245.00 target price on Centrus Energy in a report on Tuesday, November 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Centrus Energy in a research report on Wednesday, December 17th. JPMorgan Chase & Co. decreased their price objective on shares of Centrus Energy from $275.00 to $245.00 and set a “neutral” rating for the company in a research report on Friday, November 7th. Finally, HC Wainwright reiterated a “buy” rating and issued a $300.00 price target on shares of Centrus Energy in a report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $247.91.

Centrus Energy Stock Performance

LEU opened at $260.52 on Monday. The company’s 50 day moving average is $296.43 and its 200 day moving average is $250.06. 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 company has a market cap of $4.74 billion, a price-to-earnings ratio of 39.59 and a beta of 1.33.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LEU. RiverPark Advisors LLC acquired a new position in shares of Centrus Energy in the 3rd quarter valued at $33,000. Fulcrum Asset Management LLP purchased a new stake in shares of Centrus Energy during the 3rd quarter worth $34,000. Rothschild Investment LLC boosted its holdings in shares of Centrus Energy by 54.9% in the 3rd quarter. Rothschild Investment LLC now owns 127 shares of the company’s stock valued at $39,000 after buying an additional 45 shares in the last quarter. Mather Group LLC. purchased a new position in Centrus Energy during the 3rd quarter worth approximately $41,000. Finally, Atlantic Union Bankshares Corp acquired a new position in Centrus Energy in the third quarter valued at $41,000. 49.96% of the stock is currently owned by institutional investors and hedge funds.

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.