Centrus Energy (NYSE:LEU) Now Covered by Analysts at Bank of America

Bank of America began coverage on shares of Centrus Energy (NYSE:LEU - Free Report) in a research report released on Wednesday, Marketbeat.com reports. The firm issued a buy rating and a $160.00 price objective on the stock.

Other equities research analysts have also issued research reports about the company. Wall Street Zen raised Centrus Energy to a "sell" rating in a research note on Monday, February 10th. Craig Hallum assumed coverage on Centrus Energy in a research report on Tuesday, April 1st. They issued a "buy" rating and a $129.00 price objective on the stock. HC Wainwright started coverage on Centrus Energy in a report on Tuesday, February 25th. They set a "buy" rating and a $300.00 price target on the stock. 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 for the company. Finally, William Blair initiated coverage on Centrus Energy in a research note on Wednesday, May 28th. They issued an "outperform" rating for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Centrus Energy has a consensus rating of "Moderate Buy" and an average price target of $146.00.

Centrus Energy Trading Up 5.0%

Shares of Centrus Energy stock traded up $6.77 on Wednesday, hitting $143.11. 994,668 shares of the company's stock traded hands, compared to its average volume of 781,885. Centrus Energy has a one year low of $33.51 and a one year high of $146.83. The company has a debt-to-equity ratio of 3.09, a current ratio of 2.93 and a quick ratio of 2.46. The company has a fifty day moving average of $85.56 and a two-hundred day moving average of $82.68. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of 32.45 and a beta of 1.37.

Centrus Energy (NYSE:LEU - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $1.60 earnings per share 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 last year, the firm earned ($0.38) EPS. The firm's quarterly revenue was up 67.3% compared to the same quarter last year. As a group, sell-side analysts expect that Centrus Energy will post 2.63 earnings per share for the current year.

Insider Activity

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

Hedge Funds Weigh In On Centrus Energy

Large investors have recently made changes to their positions in the business. Rhumbline Advisers raised its position in shares of Centrus Energy by 2.1% in the first quarter. Rhumbline Advisers now owns 21,870 shares of the company's stock valued at $1,361,000 after purchasing an additional 441 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Centrus Energy by 45.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 54,315 shares of the company's stock valued at $3,379,000 after purchasing an additional 17,014 shares during the period. Cape Investment Advisory Inc. lifted its position in Centrus Energy by 125.0% during the 1st quarter. Cape Investment Advisory Inc. now owns 900 shares of the company's stock valued at $56,000 after purchasing an additional 500 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Centrus Energy in the 1st quarter valued at approximately $625,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Centrus Energy by 3.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,011,978 shares of the company's stock worth $62,955,000 after purchasing an additional 32,002 shares in the last quarter. Institutional investors own 49.96% of the company's stock.

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.