Bank of America Initiates Coverage on Centrus Energy (NYSE:LEU)

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

Other research analysts have also issued research reports about the company. Citigroup assumed coverage on Centrus Energy in a research report on Tuesday, March 4th. They set a "neutral" rating and a $104.00 target price for the company. Evercore ISI initiated coverage on Centrus Energy in a report on Wednesday, May 14th. They issued an "outperform" rating and a $145.00 price target on the stock. Craig Hallum began coverage on Centrus Energy in a research report on Tuesday, April 1st. They issued a "buy" rating and a $129.00 price objective for the company. William Blair assumed coverage on shares of Centrus Energy in a research note on Wednesday, May 28th. They issued an "outperform" rating for the company. Finally, Wall Street Zen raised Centrus Energy to a "sell" rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $146.00.

Centrus Energy Price Performance

NYSE LEU traded up $7.31 during trading on Wednesday, hitting $143.65. 959,259 shares of the stock traded hands, compared to its average volume of 777,826. 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 has a 12-month low of $33.51 and a 12-month high of $146.83. The firm has a 50-day simple moving average of $83.99 and a 200-day simple moving average of $82.16. The company has a market capitalization of $2.41 billion, a P/E ratio of 32.57 and a beta of 1.37.

Centrus Energy (NYSE:LEU - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $1.60 EPS for the quarter, topping 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%. During the same period last year, the company earned ($0.38) earnings per share. The company's revenue for the quarter was up 67.3% on a year-over-year basis. As a group, analysts predict that Centrus Energy will post 2.63 EPS for the current year.

Insider Transactions at Centrus Energy

In other news, SVP John M. A. Donelson sold 3,732 shares of Centrus Energy stock in a transaction dated 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 document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction of $217,728.00. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.

Institutional Investors Weigh In On Centrus Energy

Several institutional investors have recently bought and sold shares of the company. Cape Investment Advisory Inc. acquired a new position in shares of Centrus Energy during the fourth quarter valued at approximately $27,000. PNC Financial Services Group Inc. boosted its stake 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 worth $29,000 after acquiring an additional 192 shares during the last quarter. Stone House Investment Management LLC purchased a new stake in shares of Centrus Energy during the first quarter worth approximately $28,000. State of Wyoming acquired a new position in Centrus Energy in the 4th quarter valued at $33,000. Finally, Comerica Bank lifted its holdings in Centrus Energy by 589.5% in the 1st quarter. Comerica Bank now owns 655 shares of the company's stock valued at $41,000 after purchasing an additional 560 shares in the last quarter. 49.96% of the stock is currently 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.