Centrus Energy (NYSE:LEU) Shares Up 3% on Analyst Upgrade

Centrus Energy Corp. (NYSE:LEU - Get Free Report) shares rose 3% during mid-day trading on Wednesday after Evercore ISI raised their price target on the stock from $145.00 to $205.00. Evercore ISI currently has an outperform rating on the stock. Centrus Energy traded as high as $179.38 and last traded at $178.22. Approximately 366,759 shares changed hands during trading, a decline of 59% from the average daily volume of 884,131 shares. The stock had previously closed at $173.03.

Other equities analysts have also issued research reports about the company. Bank of America began coverage on Centrus Energy in a research note on Wednesday, June 4th. They set a "buy" rating and a $160.00 price objective for the company. HC Wainwright assumed coverage on shares of Centrus Energy in a report on Tuesday, February 25th. They issued a "buy" rating and a $300.00 price objective for the company. Citigroup assumed coverage on shares of Centrus Energy in a research note on Tuesday, March 4th. They set a "neutral" rating and a $104.00 target price on the stock. Craig Hallum began coverage on Centrus Energy in a research note on Tuesday, April 1st. They issued a "buy" rating and a $129.00 price target for the company. Finally, William Blair assumed coverage on Centrus Energy in a report on Wednesday, May 28th. They issued an "outperform" rating on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Centrus Energy currently has a consensus rating of "Moderate Buy" and an average price target of $154.57.

Insider Buying and Selling at Centrus Energy

In other news, CFO Kevin J. Harrill sold 1,728 shares of the company'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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John M. A. Donelson sold 3,732 shares of the business's stock in a transaction that occurred on 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 currently owned by corporate insiders.

Institutional Trading of Centrus Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nuveen Asset Management LLC boosted its stake in shares of Centrus Energy by 0.6% during the fourth quarter. Nuveen Asset Management LLC now owns 29,226 shares of the company's stock worth $1,947,000 after buying an additional 188 shares during the period. PNC Financial Services Group Inc. raised its holdings in Centrus Energy by 77.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 440 shares of the company's stock worth $29,000 after purchasing an additional 192 shares during the last quarter. Old West Investment Management LLC increased its holdings in Centrus Energy by 1.9% during the 4th quarter. Old West Investment Management LLC now owns 10,147 shares of the company's stock valued at $676,000 after acquiring an additional 192 shares in the last quarter. Summit Investment Advisors Inc. raised its position in Centrus Energy by 16.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,399 shares of the company's stock worth $93,000 after acquiring an additional 195 shares during the last quarter. Finally, New York State Common Retirement Fund raised its position in Centrus Energy by 4.6% during the first quarter. New York State Common Retirement Fund now owns 4,504 shares of the company's stock worth $280,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 49.96% of the company's stock.

Centrus Energy Stock Up 3.9%

The firm's fifty day simple moving average is $99.65 and its 200-day simple moving average is $86.39. The company has a market cap of $3.06 billion, a PE ratio of 40.93 and a beta of 1.37. 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 earnings results on Wednesday, May 7th. The company reported $1.60 EPS 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 quarter in the previous year, the firm posted ($0.38) EPS. The company's revenue was up 67.3% compared to the same quarter last year. As a group, equities research analysts expect that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.

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.

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