Centrus Energy (NYSE:LEU) Trading Up 7.7% – Here’s What Happened

by · The Markets Daily

Centrus Energy Corp. (NYSE:LEU – Get Free Report)’s share price shot up 7.7% during mid-day trading on Tuesday . The stock traded as high as $186.72 and last traded at $187.2590. Approximately 221,604 shares were traded during mid-day trading, a decline of 76% from the average session volume of 915,815 shares. The stock had previously closed at $173.89.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Truist Financial initiated coverage on shares of Centrus Energy in a research note on Monday, July 13th. They issued a “buy” rating and a $215.00 price objective for the company. Jefferies Financial Group started coverage on Centrus Energy in a research note on Thursday, September 3rd. They issued a “hold” rating and a $169.00 price target for the company. Zacks Research raised Centrus Energy from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Roth Capital restated a “neutral” rating and issued a $188.00 price objective on shares of Centrus Energy in a research report on Thursday, August 6th. Finally, JPMorgan Chase & Co. upped their price objective on Centrus Energy from $178.00 to $180.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Centrus Energy has an average rating of “Moderate Buy” and a consensus target price of $236.79.

View Our Latest Report on LEU

Centrus Energy Stock Performance

The firm’s 50-day moving average price is $174.54 and its 200-day moving average price is $185.08. The company has a debt-to-equity ratio of 1.39, a current ratio of 5.39 and a quick ratio of 4.52. The stock has a market cap of $3.78 billion, a P/E ratio of 85.74, a PEG ratio of 22.43 and a beta of 1.33.

Centrus Energy (NYSE:LEU – Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $1.77 earnings per share for the quarter, beating the consensus estimate of $0.74 by $1.03. Centrus Energy had a net margin of 10.23% and a return on equity of 7.06%. The company had revenue of $176.10 million during the quarter. During the same period in the previous year, the business posted $1.59 earnings per share. The business’s revenue was up 14.0% on a year-over-year basis. Sell-side analysts expect that Centrus Energy Corp. will post 2.59 earnings per share for the current fiscal year.

Institutional Trading of Centrus Energy

A number of large investors have recently added to or reduced their stakes in LEU. Prospera Financial Services Inc raised its holdings in shares of Centrus Energy by 3.1% during the 4th quarter. Prospera Financial Services Inc now owns 1,340 shares of the company’s stock worth $325,000 after acquiring an additional 40 shares in the last quarter. IFP Advisors Inc raised its holdings in Centrus Energy by 38.3% during 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 during the period. Lido Advisors LLC lifted its holdings in shares of Centrus Energy by 4.2% in the 3rd quarter. Lido Advisors LLC now owns 1,138 shares of the company’s stock worth $353,000 after acquiring an additional 46 shares during the last quarter. Carlson Financial Inc. lifted its stake in Centrus Energy by 2.2% in the second quarter. Carlson Financial Inc. now owns 2,667 shares of the company’s stock worth $448,000 after purchasing an additional 58 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in shares of Centrus Energy by 30.5% during the 4th quarter. Allworth Financial LP now owns 312 shares of the company’s stock worth $76,000 after acquiring an additional 73 shares during the last quarter. Institutional investors own 49.96% of the company’s stock.

About Centrus Energy

(Get Free Report)

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.

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