Centrus Energy (NYSE:LEU) Reaches New 1-Year High - Still a Buy?

Shares of Centrus Energy Corp. (NYSE:LEU - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $176.62 and last traded at $170.06, with a volume of 415625 shares trading hands. The stock had previously closed at $162.24.

Analyst Upgrades and Downgrades

Several analysts have commented on LEU shares. Craig Hallum began coverage on shares of Centrus Energy in a report on Tuesday, April 1st. They set a "buy" rating and a $129.00 target price on the stock. William Blair began coverage on shares of Centrus Energy in a research report on Wednesday, May 28th. They issued an "outperform" rating for the company. HC Wainwright started coverage on Centrus Energy in a research note on Tuesday, February 25th. They issued a "buy" rating and a $300.00 price target for the company. 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. Finally, Bank of America started coverage on Centrus Energy in a report on Wednesday, June 4th. They issued a "buy" rating and a $160.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $146.00.

Centrus Energy Stock Performance

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 business's fifty day moving average price is $95.19 and its two-hundred day moving average price is $85.23. The stock has a market capitalization of $2.90 billion, a P/E ratio of 38.63 and a beta of 1.37.

Centrus Energy (NYSE:LEU - Get Free Report) last released its quarterly earnings data 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%. Centrus Energy's quarterly revenue was up 67.3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.38) earnings per share. As a group, sell-side analysts forecast that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Kevin J. Harrill sold 1,728 shares of the company's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $126.00, for a total transaction of $217,728.00. The transaction was disclosed in a document filed with the SEC, which is accessible 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 value of $359,428.92. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of Centrus Energy

Several institutional investors and hedge funds have recently bought and sold shares of the business. Rhumbline Advisers lifted its holdings 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake 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 worth $3,379,000 after buying an additional 17,014 shares during the period. Cape Investment Advisory Inc. grew its stake in shares of Centrus Energy by 125.0% during the first quarter. Cape Investment Advisory Inc. now owns 900 shares of the company's stock valued at $56,000 after acquiring an additional 500 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Centrus Energy in the first quarter worth about $625,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Centrus Energy by 3.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,011,978 shares of the company's stock valued at $62,955,000 after purchasing an additional 32,002 shares during the last quarter. Hedge funds and other 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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