B. Riley Forecasts Strong Price Appreciation for Centrus Energy (NYSE:LEU) Stock

Centrus Energy (NYSE:LEU) had its price objective upped by equities researchers at B. Riley from $88.00 to $126.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. B. Riley’s price objective indicates a potential upside of 22.29% from the company’s current price.

LEU has been the subject of several other reports. Roth Capital downgraded shares of Centrus Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. StockNews.com raised Centrus Energy to a “sell” rating in a research note on Wednesday, August 7th. Finally, Roth Mkm lowered Centrus Energy from a “buy” rating to a “neutral” rating and raised their price target for the stock from $55.00 to $62.00 in a research report on Thursday, October 10th. One equities research 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’s stock. According to MarketBeat.com, Centrus Energy currently has an average rating of “Hold” and an average price target of $94.00.

Centrus Energy Price Performance

Shares of Centrus Energy stock traded down $1.92 during trading on Wednesday, hitting $103.03. 616,755 shares of the stock traded hands, compared to its average volume of 344,181. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 21.33 and a beta of 1.32. The company has a quick ratio of 1.02, a current ratio of 1.52 and a debt-to-equity ratio of 1.47. Centrus Energy has a 52 week low of $33.51 and a 52 week high of $108.72. The firm’s fifty day moving average is $56.17 and its 200-day moving average is $47.73.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings results on Monday, October 28th. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.48). The business had revenue of $57.70 million for the quarter, compared to the consensus estimate of $56.50 million. Centrus Energy had a net margin of 22.96% and a return on equity of 299.92%. Research analysts expect that Centrus Energy will post 3.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Centrus Energy

Several hedge funds and other institutional investors have recently modified their holdings of the company. Point72 DIFC Ltd purchased a new stake in Centrus Energy in the second quarter worth $42,000. Wolff Wiese Magana LLC bought a new stake in shares of Centrus Energy during the 2nd quarter valued at about $43,000. nVerses Capital LLC raised its stake in Centrus Energy by 133.3% in the second quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock worth $60,000 after buying an additional 800 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Centrus Energy by 181.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,719 shares of the company’s stock worth $115,000 after buying an additional 1,754 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Centrus Energy during the 3rd quarter valued at approximately $281,000. 49.96% of the stock is owned by institutional investors.

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.