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

Centrus Energy (NYSE:LEU) had its price target increased by stock analysts at B. Riley from $88.00 to $126.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. B. Riley’s price target would indicate a potential upside of 21.62% from the stock’s previous close. 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.

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

Centrus Energy Trading Up 0.3 %

LEU opened at $103.60 on Wednesday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.02 and a current ratio of 1.52. The stock’s 50 day moving average price is $58.76 and its 200-day moving average price is $48.50. Centrus Energy has a one year low of $33.51 and a one year high of $108.73. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 21.63 and a beta of 1.32.

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

Hedge Funds Weigh In On Centrus Energy

Several institutional investors have recently bought and sold shares of the business. Point72 DIFC Ltd purchased a new stake in Centrus Energy during the second quarter worth $42,000. Wolff Wiese Magana LLC purchased a new stake in shares of Centrus Energy during the 2nd quarter worth $43,000. nVerses Capital LLC boosted its position in Centrus Energy by 133.3% during the second quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock valued at $60,000 after purchasing an additional 800 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Centrus Energy by 181.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,719 shares of the company’s stock valued at $115,000 after purchasing an additional 1,754 shares during the last quarter. Finally, Heritage Investors Management Corp bought a new position in Centrus Energy in the third quarter worth about $203,000. 49.96% of the stock is owned by hedge funds and other 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.