Centrus Energy (NYSE:LEU) Given New $252.00 Price Target at Evercore ISI

Key Points

• Evercore ISI raised Centrus Energy's target price from $251.00 to $252.00, implying a potential upside of 7.26% from its previous close.
• Analysts currently hold a consensus rating of "Moderate Buy" for Centrus Energy, with an average price target of $195.73.
• Centrus Energy demonstrated strong earnings, reporting $1.59 EPS for the latest quarter, surpassing estimates by $1.01, despite an 18.3% decline in quarterly revenue compared to the previous year.

Centrus Energy (NYSE:LEU - Get Free Report) had its target price lifted by investment analysts at Evercore ISI from $251.00 to $252.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Evercore ISI's price objective would indicate a potential upside of 16.38% from the stock's current price.

Other equities analysts have also recently issued reports about the stock. Stifel Nicolaus initiated coverage on shares of Centrus Energy in a research note on Friday, July 11th. They set a "buy" rating and a $220.00 target price for the company. B. Riley reaffirmed a "buy" rating and set a $221.00 target price (up from $134.00) on shares of Centrus Energy in a research note on Monday, June 23rd. JPMorgan Chase & Co. raised their target price on shares of Centrus Energy from $150.00 to $164.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Bank of America reaffirmed a "neutral" rating and set a $285.00 target price (up from $210.00) on shares of Centrus Energy in a research note on Thursday, August 7th. Finally, William Blair reaffirmed an "outperform" rating on shares of Centrus Energy in a research note on Wednesday, July 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Centrus Energy has a consensus rating of "Moderate Buy" and a consensus price target of $202.09.

Centrus Energy Price Performance

Shares of NYSE LEU traded down $2.57 during midday trading on Friday, reaching $216.54. The stock had a trading volume of 646,559 shares, compared to its average volume of 993,240. The stock has a 50-day moving average of $193.79 and a 200-day moving average of $122.15. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 49.09 and a beta of 1.35. Centrus Energy has a 12-month low of $34.91 and a 12-month high of $264.90.

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

Insider Activity at Centrus Energy

In other news, CFO Kevin J. Harrill sold 1,728 shares of the firm'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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Centrus Energy

Institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP bought a new stake in Centrus Energy during the 4th quarter valued at about $3,474,000. GAMMA Investing LLC lifted its holdings in Centrus Energy by 8,075.0% during the 1st quarter. GAMMA Investing LLC now owns 12,753 shares of the company's stock valued at $793,000 after buying an additional 12,597 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Centrus Energy by 380.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,449 shares of the company's stock valued at $401,000 after buying an additional 5,108 shares in the last quarter. KBC Group NV bought a new stake in Centrus Energy during the 1st quarter valued at about $53,000. Finally, Teacher Retirement System of Texas lifted its holdings in Centrus Energy by 21.1% during the 1st quarter. Teacher Retirement System of Texas now owns 13,913 shares of the company's stock valued at $866,000 after buying an additional 2,422 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.