Centrus Energy Corp. (NYSE:LEU) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Centrus Energy Corp. (NYSE:LEU) received a consensus rating of "Moderate Buy" from fourteen brokerages, with a range of recommendations including six holds, seven buys, and one strong buy.
• The average 12-month price target for Centrus Energy among analysts is $202.09, with estimates from UBS Group setting a target as high as $285.00.
• Centrus Energy reported a quarterly earnings per share of $1.59, beating analysts' expectations, but showed an 18.3% decline in revenue compared to the same quarter last year.

Centrus Energy Corp. (NYSE:LEU - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the fourteen ratings firms that are presently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $202.0909.

Several equities analysts have recently issued reports on the stock. Stifel Nicolaus initiated coverage on shares of Centrus Energy in a report on Friday, July 11th. They set a "buy" rating and a $220.00 price objective on the stock. Northland Securities set a $275.00 price objective on shares of Centrus Energy in a research note on Thursday, August 7th. B. Riley reiterated a "buy" rating and set a $221.00 target price (up previously from $134.00) on shares of Centrus Energy in a research report on Monday, June 23rd. Bank of America restated a "neutral" rating and issued a $285.00 price objective (up previously from $210.00) on shares of Centrus Energy in a report on Thursday, August 7th. Finally, Evercore ISI raised their price objective on Centrus Energy from $251.00 to $252.00 and gave the company an "outperform" rating in a report on Friday, August 8th.

Centrus Energy Stock Up 4.0%

Shares of LEU stock traded up $11.73 during mid-day trading on Friday, hitting $306.22. 1,929,136 shares of the stock traded hands, compared to its average volume of 1,082,756. The stock has a market cap of $5.58 billion, a P/E ratio of 69.44 and a beta of 1.53. The stock's fifty day moving average is $215.39 and its two-hundred day moving average is $145.11. Centrus Energy has a 52-week low of $45.92 and a 52-week high of $312.54. The company has a debt-to-equity ratio of 3.09, a current ratio of 2.93 and a quick ratio of 2.46.

Centrus Energy (NYSE:LEU - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $0.58 by $1.01. Centrus Energy had a net margin of 16.56% and a return on equity of 84.09%. The company's revenue was down 18.3% on a year-over-year basis. During the same quarter last year, the business earned $1.89 earnings per share. Equities analysts predict that Centrus Energy will post 2.63 EPS for the current year.

Institutional Trading of Centrus Energy

Hedge funds and other institutional investors have recently modified their holdings of the business. Stone House Investment Management LLC acquired a new position in Centrus Energy in the 1st quarter valued at about $28,000. State of Wyoming purchased a new position in shares of Centrus Energy in the 4th quarter valued at about $33,000. Nisa Investment Advisors LLC lifted its stake in Centrus Energy by 157.7% during the second quarter. Nisa Investment Advisors LLC now owns 183 shares of the company's stock worth $34,000 after purchasing an additional 112 shares during the last quarter. USA Financial Formulas purchased a new stake in Centrus Energy during the second quarter worth approximately $35,000. Finally, Harbour Investments Inc. lifted its stake in Centrus Energy by 1,181.3% during the second quarter. Harbour Investments Inc. now owns 205 shares of the company's stock worth $38,000 after purchasing an additional 189 shares during the last quarter. 49.96% of the stock is owned by institutional investors and hedge funds.

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.