Brokerages Set Centrus Energy Corp. (NYSE:LEU) Target Price at $178.64

Key Points

• Centrus Energy Corp. has received a consensus rating of "Moderate Buy" from fourteen analysts, with price targets averaging $178.64.
• The company reported a 67.3% increase in quarterly revenue year-over-year and achieved earnings per share (EPS) of $1.60, significantly surpassing expectations.
• Recent insider transactions include sales by CFO Kevin J. Harrill and SVP John M. A. Donelson, indicating active management movement on the stock.

Centrus Energy Corp. (NYSE:LEU - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the fourteen ratings firms that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $178.6364.

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. assumed coverage on Centrus Energy in a report on Thursday, June 26th. They issued a "neutral" rating and a $148.00 price target for the company. B. Riley reaffirmed a "buy" rating and issued a $221.00 price target (up from $134.00) on shares of Centrus Energy in a report on Monday, June 23rd. Northland Securities assumed coverage on Centrus Energy in a report on Monday, July 7th. They issued an "outperform" rating and a $205.00 price target for the company. William Blair reaffirmed an "outperform" rating on shares of Centrus Energy in a report on Wednesday, July 9th. Finally, Northland Capmk raised Centrus Energy to a "strong-buy" rating in a report on Monday, July 7th.

Insider Transactions at Centrus Energy

In related news, CFO Kevin J. Harrill sold 1,728 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $126.00, for a total transaction of $217,728.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP John M. A. Donelson sold 3,732 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $96.31, for a total value of $359,428.92. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.

Institutional Trading of Centrus Energy

A number of large investors have recently bought and sold shares of the business. HBK Sorce Advisory LLC bought a new stake in Centrus Energy during the 2nd quarter worth approximately $233,000. Whalen Wealth Management Inc. bought a new stake in Centrus Energy during the 2nd quarter worth approximately $230,000. Advisory Alpha LLC bought a new stake in Centrus Energy during the 2nd quarter worth approximately $396,000. Riverwater Partners LLC acquired a new position in Centrus Energy during the 2nd quarter worth approximately $1,088,000. Finally, Envestnet Asset Management Inc. boosted its position in Centrus Energy by 54.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,000 shares of the company's stock worth $916,000 after acquiring an additional 1,762 shares during the last quarter. 49.96% of the stock is owned by institutional investors.

Centrus Energy Price Performance

Shares of NYSE LEU traded down $5.29 during midday trading on Friday, reaching $203.04. 558,776 shares of the company traded hands, compared to its average volume of 974,816. The firm has a market cap of $3.46 billion, a PE ratio of 46.04 and a beta of 1.45. The stock's 50-day simple moving average is $182.00 and its 200-day simple moving average is $116.47. Centrus Energy has a 12 month low of $33.51 and a 12 month high of $250.88. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93.

Centrus Energy (NYSE:LEU - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $1.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $1.68. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%. During the same period in the previous year, the business earned ($0.38) earnings per share. Centrus Energy's revenue for the quarter was up 67.3% on a year-over-year basis. As a group, equities analysts anticipate that Centrus Energy will post 2.63 earnings per share for the current fiscal year.

About Centrus Energy

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.