Centrus Energy (NYSE:LEU) Stock Price Up 6% - Here's What Happened

Key Points

• Shares rose about 6% intraday to roughly $212.40 while trading volume was down ~52% versus the average session.
• Analysts are mixed but the consensus is a "Moderate Buy" with an average price target of $258.83, despite several firms trimming targets recently.
• Centrus missed quarterly EPS ($0.79 vs. $1.42 estimate) with revenue of $146.2M (down 3.6% YoY); the stock trades at a P/E of 51.75 and has a $4.23B market cap.

Centrus Energy Corp. (NYSE:LEU - Get Free Report)'s share price traded up 6% during mid-day trading on Thursday . The company traded as high as $212.88 and last traded at $212.4020. 573,912 shares changed hands during trading, a decline of 52% from the average session volume of 1,185,369 shares. The stock had previously closed at $200.35.

Analyst Ratings Changes

A number of equities research analysts have recently commented on LEU shares. JPMorgan Chase & Co. dropped their price target on Centrus Energy from $245.00 to $242.00 and set a "neutral" rating on the stock in a research report on Thursday, February 5th. Zacks Research lowered Centrus Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 12th. Citigroup decreased their target price on shares of Centrus Energy from $292.00 to $225.00 and set a "neutral" rating for the company in a research note on Wednesday, February 18th. Northland Securities set a $285.00 price objective on shares of Centrus Energy in a research report on Thursday, February 12th. Finally, Stifel Nicolaus set a $246.00 price target on Centrus Energy in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $258.83.

Centrus Energy Price Performance

The company has a quick ratio of 4.83, a current ratio of 5.59 and a debt-to-equity ratio of 1.54. The business's 50 day moving average is $254.63 and its two-hundred day moving average is $273.22. The firm has a market cap of $4.23 billion, a P/E ratio of 51.75 and a beta of 1.26.

Centrus Energy (NYSE:LEU - Get Free Report) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $1.42 by ($0.63). Centrus Energy had a net margin of 17.34% and a return on equity of 15.52%. The company had revenue of $146.20 million for the quarter, compared to analyst estimates of $145.40 million. The company's quarterly revenue was down 3.6% compared to the same quarter last year. As a group, analysts anticipate that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in LEU. Vermillion Wealth Management Inc. raised its stake in Centrus Energy by 5,000.0% in the fourth quarter. Vermillion Wealth Management Inc. now owns 102 shares of the company's stock valued at $25,000 after purchasing an additional 100 shares in the last quarter. Aventura Private Wealth LLC bought a new position in Centrus Energy during the 4th quarter valued at approximately $30,000. RiverPark Advisors LLC bought a new stake in shares of Centrus Energy during the 3rd quarter valued at about $33,000. Fulcrum Asset Management LLP purchased a new stake in Centrus Energy in the third quarter worth $34,000. Finally, Hilton Head Capital Partners LLC purchased a new position in Centrus Energy during the fourth quarter valued at $36,000. Institutional investors own 49.96% of the company's stock.

Centrus Energy Company Profile

Centrus Energy Corp is a U.S.-based supplier of nuclear fuel and enrichment services, specializing in the production of low-enriched uranium (LEU) for commercial power reactors and highly enriched uranium for naval propulsion. Through its Centrus Global subsidiary, the company provides technical support, fuel fabrication services and recycled uranium products to utilities operating light-water reactors. Centrus also develops advanced centrifuge technologies aimed at improving enrichment efficiency and reducing the cost of nuclear fuel.

Originally founded as the United States Enrichment Corporation (USEC) in 1998 following a spin-out from the U.S.

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