Centrus Energy (NYSE:LEU) Shares Up 6% After Analyst Upgrade

Centrus Energy Corp. (NYSE:LEU - Get Free Report)'s share price traded up 6% on Monday after B. Riley raised their price target on the stock from $134.00 to $221.00. B. Riley currently has a buy rating on the stock. Centrus Energy traded as high as $204.95 and last traded at $201.46. 746,892 shares changed hands during trading, a decline of 9% from the average session volume of 820,981 shares. The stock had previously closed at $190.04.

Other equities analysts have also recently issued reports about the company. HC Wainwright assumed coverage on Centrus Energy in a research report on Tuesday, February 25th. They issued a "buy" rating and a $300.00 price objective on the stock. Evercore ISI reaffirmed an "outperform" rating and set a $205.00 price target (up from $145.00) on shares of Centrus Energy in a report on Wednesday, June 18th. Citigroup assumed coverage on Centrus Energy in a report on Tuesday, March 4th. They set a "neutral" rating and a $104.00 price target on the stock. William Blair assumed coverage on shares of Centrus Energy in a research note on Wednesday, May 28th. They set an "outperform" rating on the stock. Finally, Bank of America began coverage on shares of Centrus Energy in a research note on Wednesday, June 4th. They set a "buy" rating and a $160.00 target price on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Centrus Energy has a consensus rating of "Moderate Buy" and a consensus target price of $168.14.

Insider Activity at Centrus Energy

In other news, 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 transaction of $359,428.92. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Kevin J. Harrill sold 1,728 shares of the business's stock in a transaction on Friday, May 30th. The shares were 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. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Centrus Energy

Hedge funds have recently added to or reduced their stakes in the company. Cape Investment Advisory Inc. bought a new position in shares of Centrus Energy during the fourth quarter valued at approximately $27,000. Stone House Investment Management LLC bought a new position in shares of Centrus Energy during the first quarter valued at approximately $28,000. PNC Financial Services Group Inc. grew its stake in shares of Centrus Energy by 77.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 440 shares of the company's stock valued at $29,000 after buying an additional 192 shares during the last quarter. State of Wyoming bought a new position in shares of Centrus Energy during the fourth quarter valued at approximately $33,000. Finally, Comerica Bank grew its position 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 acquiring an additional 560 shares during the last quarter. 49.96% of the stock is currently owned by institutional investors.

Centrus Energy Stock Down 0.0%

The company has a 50-day simple moving average of $109.46 and a 200 day simple moving average of $89.45. The company has a market cap of $3.27 billion, a P/E ratio of 43.58 and a beta of 1.36. The company has a current ratio of 2.93, a quick ratio of 2.46 and a debt-to-equity ratio of 3.09.

Centrus Energy (NYSE:LEU - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $1.60 EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $1.68. Centrus Energy had a net margin of 16.56% and a return on equity of 84.09%. During the same period in the prior year, the company posted ($0.38) EPS. Centrus Energy's revenue was up 67.3% compared to the same quarter last year. On average, equities analysts anticipate that Centrus Energy Corp. will post 2.63 EPS for the current year.

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.