Centrus Energy (NYSE:LEU) Coverage Initiated at UBS Group

UBS Group assumed coverage on shares of Centrus Energy (NYSE:LEU - Get Free Report) in a report released on Monday,Benzinga reports. The firm set a "neutral" rating and a $215.00 price target on the stock. UBS Group's target price would suggest a potential downside of 13.77% from the stock's current price.

A number of other research analysts have also weighed in on the stock. Bank of America initiated coverage on shares of Centrus Energy in a research report on Wednesday, June 4th. They set a "buy" rating and a $160.00 price target on the stock. William Blair reissued an "outperform" rating on shares of Centrus Energy in a research report on Wednesday, July 9th. B. Riley reissued a "buy" rating and set a $221.00 price target (up from $134.00) on shares of Centrus Energy in a research report on Monday, June 23rd. JPMorgan Chase & Co. initiated coverage on shares of Centrus Energy in a research report on Thursday, June 26th. They set a "neutral" rating and a $148.00 price target on the stock. Finally, Craig Hallum initiated coverage on shares of Centrus Energy in a report on Tuesday, April 1st. They set a "buy" rating and a $129.00 price objective for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $178.64.

Centrus Energy Stock Performance

Shares of NYSE:LEU opened at $249.34 on Monday. The company's 50 day moving average price is $156.03 and its two-hundred day moving average price is $105.79. Centrus Energy has a 12-month low of $33.51 and a 12-month high of $253.00. The firm has a market cap of $4.25 billion, a PE ratio of 56.54 and a beta of 1.45. The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09.

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

Insiders Place Their Bets

In other news, CFO Kevin J. Harrill sold 1,728 shares of the company's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $126.00, for a total value of $217,728.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP John M. A. Donelson sold 3,732 shares of the company's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $96.31, for a total transaction of $359,428.92. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Centrus Energy

A number of hedge funds have recently bought and sold shares of the company. USA Financial Formulas purchased a new stake in shares of Centrus Energy during the 2nd quarter valued at about $35,000. Farther Finance Advisors LLC grew its holdings in Centrus Energy by 2,084.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 284 shares of the company's stock valued at $52,000 after buying an additional 271 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Centrus Energy by 77.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 440 shares of the company's stock valued at $29,000 after purchasing an additional 192 shares in the last quarter. Stone House Investment Management LLC purchased a new position in shares of Centrus Energy in the first quarter valued at $28,000. Finally, State of Wyoming purchased a new position in shares of Centrus Energy in the fourth quarter valued at $33,000. 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.

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