Centrus Energy (NYSE:LEU) Hits New 1-Year High – Should You Buy?

Shares of Centrus Energy Corp. (NYSE:LEU) reached a new 52-week high on Tuesday . The company traded as high as $119.42 and last traded at $114.39, with a volume of 1626914 shares changing hands. The stock had previously closed at $108.91.

Analysts Set New Price Targets

Several equities analysts have commented on LEU shares. Roth Mkm lowered their price objective on shares of Centrus Energy from $62.00 to $58.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. B. Riley increased their price target on Centrus Energy from $88.00 to $126.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, StockNews.com upgraded shares of Centrus Energy to a “sell” rating in a report on Monday.

Centrus Energy Stock Performance

The firm has a market capitalization of $1.95 billion, a P/E ratio of 18.55 and a beta of 1.17. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.63 and a quick ratio of 1.03. The firm has a 50-day moving average price of $78.19 and a two-hundred day moving average price of $66.90.

Institutional Investors Weigh In On Centrus Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cape Investment Advisory Inc. purchased a new position in shares of Centrus Energy during the fourth quarter worth approximately $27,000. PNC Financial Services Group Inc. grew its stake in Centrus Energy by 77.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 440 shares of the company’s stock worth $29,000 after purchasing an additional 192 shares in the last quarter. National Bank of Canada FI purchased a new position in Centrus Energy during the 4th quarter worth $51,000. Farther Finance Advisors LLC raised its position in Centrus Energy by 33,333.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,003 shares of the company’s stock valued at $67,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Venturi Wealth Management LLC purchased a new stake in shares of Centrus Energy in the 4th quarter worth $113,000. Institutional investors own 49.96% of the company’s stock.

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.