Centrus Energy (NYSE:LEU) Price Target Raised to $126.00

Centrus Energy (NYSE:LEU) had its price target raised by B. Riley from $88.00 to $126.00 in a research report sent to investors on Wednesday, Benzinga reports. B. Riley currently has a buy rating on the stock. B. Riley also issued estimates for Centrus Energy’s Q4 2024 earnings at $1.66 EPS, FY2024 earnings at $2.88 EPS and FY2025 earnings at $2.89 EPS.

Several other equities analysts have also recently issued reports on LEU. Roth Mkm cut Centrus Energy from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $55.00 to $62.00 in a research note on Thursday, October 10th. Roth Capital downgraded shares of Centrus Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, StockNews.com raised shares of Centrus Energy to a “sell” rating in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Centrus Energy has a consensus rating of “Hold” and a consensus target price of $92.00.

Centrus Energy Stock Up 5.5 %

Shares of LEU traded up $5.72 during mid-day trading on Wednesday, hitting $109.53. 1,314,103 shares of the company’s stock were exchanged, compared to its average volume of 1,345,554. The stock’s 50-day moving average is $60.15 and its 200-day moving average is $48.97. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.02 and a current ratio of 1.63. Centrus Energy has a fifty-two week low of $33.51 and a fifty-two week high of $118.36. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 21.67 and a beta of 1.18.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings results on Monday, October 28th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.48). The business had revenue of $57.70 million during the quarter, compared to analyst estimates of $56.50 million. Centrus Energy had a return on equity of 138.38% and a net margin of 19.24%. On average, sell-side analysts anticipate that Centrus Energy will post 2.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Centrus Energy

Several institutional investors have recently added to or reduced their stakes in LEU. Vanguard Group Inc. lifted its position in shares of Centrus Energy by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 766,064 shares of the company’s stock worth $31,815,000 after buying an additional 17,033 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Centrus Energy by 15.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 338,250 shares of the company’s stock valued at $14,048,000 after acquiring an additional 46,254 shares in the last quarter. Sara Bay Financial grew its holdings in shares of Centrus Energy by 3.9% during the second quarter. Sara Bay Financial now owns 337,201 shares of the company’s stock worth $14,415,000 after purchasing an additional 12,514 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Centrus Energy by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 297,708 shares of the company’s stock worth $12,727,000 after purchasing an additional 8,678 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Centrus Energy by 382.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 222,607 shares of the company’s stock valued at $9,516,000 after purchasing an additional 176,431 shares during the period. Hedge funds and other institutional investors own 49.96% of the company’s stock.

About Centrus Energy

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.