Centrus Energy (NYSE:LEU) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of Centrus Energy (NYSE:LEUFree Report) from a hold rating to a strong-buy rating in a research report report published on Tuesday morning,Zacks.com reports.

Several other brokerages also recently issued reports on LEU. Northland Securities set a $325.00 price objective on shares of Centrus Energy in a research report on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and set a $357.00 price target on shares of Centrus Energy in a report on Monday, December 22nd. William Blair reaffirmed an “outperform” rating on shares of Centrus Energy in a research note on Tuesday. UBS Group set a $245.00 price objective on shares of Centrus Energy in a research report on Tuesday, November 25th. Finally, JPMorgan Chase & Co. dropped their target price on Centrus Energy from $275.00 to $245.00 and set a “neutral” rating on the stock in a research report on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $265.00.

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Centrus Energy Stock Up 3.4%

Shares of NYSE LEU opened at $322.49 on Tuesday. The stock has a fifty day moving average price of $269.62 and a 200 day moving average price of $258.18. The company has a current ratio of 3.46, a quick ratio of 2.79 and a debt-to-equity ratio of 3.23. Centrus Energy has a 12-month low of $49.40 and a 12-month high of $464.25. The company has a market cap of $5.87 billion, a P/E ratio of 49.01 and a beta of 1.24.

Centrus Energy (NYSE:LEUGet Free Report) last issued its earnings results on Thursday, November 6th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.17). Centrus Energy had a return on equity of 37.14% and a net margin of 25.04%.During the same period in the previous year, the company posted ($0.30) earnings per share. Centrus Energy’s quarterly revenue was up 29.8% compared to the same quarter last year. Research analysts anticipate that Centrus Energy will post 2.63 EPS for the current fiscal year.

Institutional Trading of Centrus Energy

Large investors have recently added to or reduced their stakes in the business. IFP Advisors Inc lifted its stake in shares of Centrus Energy by 38.3% in the 3rd quarter. IFP Advisors Inc now owns 148 shares of the company’s stock worth $46,000 after acquiring an additional 41 shares during the period. Farther Finance Advisors LLC lifted its position in Centrus Energy by 15.1% in the third quarter. Farther Finance Advisors LLC now owns 327 shares of the company’s stock worth $101,000 after purchasing an additional 43 shares during the period. Rothschild Investment LLC lifted its position in Centrus Energy by 54.9% in the third quarter. Rothschild Investment LLC now owns 127 shares of the company’s stock worth $39,000 after purchasing an additional 45 shares during the period. Allworth Financial LP boosted its stake in Centrus Energy by 23.2% during the 3rd quarter. Allworth Financial LP now owns 239 shares of the company’s stock valued at $74,000 after purchasing an additional 45 shares in the last quarter. Finally, Lido Advisors LLC increased its position in shares of Centrus Energy by 4.2% during the 3rd quarter. Lido Advisors LLC now owns 1,138 shares of the company’s stock valued at $353,000 after purchasing an additional 46 shares during the period. 49.96% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Centrus Energy

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Centrus Energy Company Profile

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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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Analyst Recommendations for Centrus Energy (NYSE:LEU)

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