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

Key Points

• Centrus Energy Corp. (NYSE:LEU) has received a consensus rating of “Moderate Buy” from thirteen brokerages, with target prices ranging from $215.00 to $300.00.
• The company's stock has demonstrated strong institutional interest, with GAMMA Investing increasing its stake by 8,075.0% in the first quarter.
• Centrus Energy reported an earnings per share (EPS) of $1.59 for the last quarter, significantly surpassing the consensus estimate of $0.58.

Centrus Energy Corp. (NYSE:LEU - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the thirteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $202.0909.

Several research firms have recently issued reports on LEU. Northland Securities set a $275.00 target price on Centrus Energy in a research note on Thursday, August 7th. UBS Group upgraded shares of Centrus Energy to a "hold" rating and set a $215.00 price target on the stock in a report on Monday, July 21st. HC Wainwright restated a "buy" rating and issued a $300.00 price objective on shares of Centrus Energy in a report on Tuesday, August 26th. Northland Capmk raised shares of Centrus Energy to a "strong-buy" rating in a research note on Monday, July 7th. Finally, Bank of America reiterated a "neutral" rating and set a $285.00 price target (up previously from $210.00) on shares of Centrus Energy in a research report on Thursday, August 7th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in LEU. GAMMA Investing LLC grew its stake in Centrus Energy by 8,075.0% in the first quarter. GAMMA Investing LLC now owns 12,753 shares of the company's stock worth $793,000 after purchasing an additional 12,597 shares during the period. Rhumbline Advisers grew its position in shares of Centrus Energy by 2.1% in the 1st quarter. Rhumbline Advisers now owns 21,870 shares of the company's stock worth $1,361,000 after buying an additional 441 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Centrus Energy by 380.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,449 shares of the company's stock worth $401,000 after acquiring an additional 5,108 shares in the last quarter. Canton Hathaway LLC increased its stake in shares of Centrus Energy by 54.8% in the 1st quarter. Canton Hathaway LLC now owns 3,730 shares of the company's stock worth $232,000 after acquiring an additional 1,320 shares in the last quarter. Finally, KBC Group NV purchased a new position in Centrus Energy during the 1st quarter valued at about $53,000. Hedge funds and other institutional investors own 49.96% of the company's stock.

Centrus Energy Stock Performance

Shares of NYSE:LEU opened at $396.16 on Wednesday. The company has a current ratio of 2.93, a quick ratio of 2.46 and a debt-to-equity ratio of 3.09. The company has a 50-day moving average price of $254.24 and a 200-day moving average price of $176.01. The company has a market cap of $7.21 billion, a price-to-earnings ratio of 89.83 and a beta of 1.51. Centrus Energy has a 12 month low of $49.40 and a 12 month high of $430.00.

Centrus Energy (NYSE:LEU - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $1.01. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%.The firm's revenue was down 18.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.89 EPS. As a group, equities analysts anticipate that Centrus Energy will post 2.63 EPS for the current 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.

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