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

Shares of Centrus Energy Corp. (NYSE:LEU - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the nine brokerages that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $146.00.

A number of analysts have recently commented on LEU shares. Citigroup started coverage on Centrus Energy in a research note on Tuesday, March 4th. They issued a "neutral" rating and a $104.00 price objective on the stock. William Blair started coverage on Centrus Energy in a research note on Wednesday, May 28th. They issued an "outperform" rating on the stock. Bank of America started coverage on Centrus Energy in a research note on Wednesday, June 4th. They issued a "buy" rating and a $160.00 price objective on the stock. Craig Hallum started coverage on Centrus Energy in a research note on Tuesday, April 1st. They issued a "buy" rating and a $129.00 price objective on the stock. Finally, Evercore ISI started coverage on Centrus Energy in a research note on Wednesday, May 14th. They issued an "outperform" rating and a $145.00 price objective on the stock.

Centrus Energy Stock Performance

Centrus Energy stock traded up $3.80 during mid-day trading on Thursday, hitting $162.24. 1,043,107 shares of the company's stock traded hands, compared to its average volume of 801,800. The firm has a 50 day moving average price of $95.19 and a 200 day moving average price of $85.21. The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09. The company has a market cap of $2.76 billion, a PE ratio of 36.79 and a beta of 1.37. Centrus Energy has a one year low of $33.51 and a one year high of $165.25.

Centrus Energy (NYSE:LEU - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $1.60 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $1.68. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%. The firm's revenue for the quarter was up 67.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.38) EPS. On average, equities analysts forecast that Centrus Energy will post 2.63 EPS for the current year.

Insider Activity

In other Centrus Energy news, CFO Kevin J. Harrill sold 1,728 shares of the business's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $126.00, for a total value of $217,728.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP John M. A. Donelson sold 3,732 shares of the business's stock in a transaction dated 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. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Centrus Energy

Several large investors have recently made changes to their positions in LEU. Barclays PLC lifted its position in shares of Centrus Energy by 103.8% during the 3rd quarter. Barclays PLC now owns 37,588 shares of the company's stock worth $2,061,000 after purchasing an additional 19,140 shares during the last quarter. Vontobel Holding Ltd. raised its holdings in Centrus Energy by 79.7% in the 4th quarter. Vontobel Holding Ltd. now owns 9,922 shares of the company's stock valued at $658,000 after acquiring an additional 4,402 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in Centrus Energy in the 4th quarter valued at approximately $113,000. Ipswich Investment Management Co. Inc. acquired a new position in Centrus Energy in the 4th quarter valued at approximately $716,000. Finally, Canton Hathaway LLC acquired a new position in Centrus Energy in the 4th quarter valued at approximately $161,000. Institutional investors and hedge funds 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.