Needham & Company LLC Reaffirms “Buy” Rating for Centrus Energy (NYSE:LEU)

Centrus Energy (NYSE:LEU)‘s stock had its “buy” rating restated by Needham & Company LLC in a report released on Monday,Benzinga reports. They presently have a $357.00 price objective on the stock. Needham & Company LLC’s target price would indicate a potential upside of 38.64% from the stock’s current price.

A number of other equities research analysts have also recently commented on LEU. UBS Group set a $245.00 target price on shares of Centrus Energy in a research report on Tuesday, November 25th. JPMorgan Chase & Co. dropped 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 note on Friday, November 7th. HC Wainwright reiterated a “buy” rating and issued a $300.00 price objective on shares of Centrus Energy in a report on Tuesday, August 26th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Centrus Energy in a research note on Wednesday, December 17th. One equities research 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 company has a consensus rating of “Moderate Buy” and an average target price of $247.91.

Centrus Energy Trading Down 1.4%

Shares of LEU stock opened at $257.50 on Monday. Centrus Energy has a 1-year low of $49.40 and a 1-year high of $464.25. The company has a market cap of $4.69 billion, a price-to-earnings ratio of 39.13 and a beta of 1.33. The company has a debt-to-equity ratio of 3.23, a current ratio of 3.46 and a quick ratio of 2.79. The stock has a 50 day simple moving average of $293.65 and a 200-day simple moving average of $250.86.

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

Institutional Trading of Centrus Energy

Hedge funds have recently made changes to their positions in the company. 360 Financial Inc. purchased a new position in Centrus Energy in the second quarter valued at approximately $220,000. Baader Bank Aktiengesellschaft purchased a new stake in shares of Centrus Energy during the 2nd quarter worth approximately $1,302,000. GC Wealth Management RIA LLC acquired a new position in shares of Centrus Energy in the 2nd quarter valued at $1,099,000. Clear Creek Financial Management LLC purchased a new position in shares of Centrus Energy in the 2nd quarter valued at $227,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Centrus Energy during the 1st quarter worth $625,000. Hedge funds and other institutional investors own 49.96% of the company’s stock.

Centrus Energy Company Profile

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.