Centrus Energy Corp. (NYSE:LEU - Get Free Report)'s share price rose 6.8% during trading on Thursday . The stock traded as high as $243.62 and last traded at $245.23. Approximately 453,442 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 971,968 shares. The stock had previously closed at $229.51.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the stock. Northland Capmk upgraded shares of Centrus Energy to a "strong-buy" rating in a report on Monday, July 7th. B. Riley reaffirmed a "buy" rating and issued a $221.00 price objective (up previously from $134.00) on shares of Centrus Energy in a research note on Monday, June 23rd. JPMorgan Chase & Co. assumed coverage on Centrus Energy in a research report on Thursday, June 26th. They set a "neutral" rating and a $148.00 price objective on the stock. Evercore ISI set a $205.00 price target on Centrus Energy and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Finally, Craig Hallum began coverage on shares of Centrus Energy in a research note on Tuesday, April 1st. They set a "buy" rating and a $129.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Centrus Energy currently has an average rating of "Moderate Buy" and a consensus price target of $178.64.
Get Our Latest Stock Analysis on Centrus Energy
Centrus Energy Trading Down 0.7%
The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of 54.29 and a beta of 1.45. 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 50 day moving average of $169.56 and a 200 day moving average of $111.19.
Centrus Energy (NYSE:LEU - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $1.60 earnings per share (EPS) for the quarter, beating 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%. Centrus Energy's revenue was up 67.3% on a year-over-year basis. During the same period last year, the company earned ($0.38) earnings per share. On average, research analysts predict that Centrus Energy Corp. will post 2.63 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, 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 transaction of $359,428.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kevin J. Harrill sold 1,728 shares of the company'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. Insiders own 1.00% of the company's stock.
Institutional Investors Weigh In On Centrus Energy
Large investors have recently modified their holdings of the company. Harbour Investments Inc. boosted its stake in shares of Centrus Energy by 1,181.3% during the second quarter. Harbour Investments Inc. now owns 205 shares of the company's stock worth $38,000 after buying an additional 189 shares during the period. RFG Advisory LLC acquired a new position in Centrus Energy during the second quarter worth $236,000. Allspring Global Investments Holdings LLC acquired a new position in Centrus Energy during the second quarter worth about $786,000. CWM LLC raised its position in shares of Centrus Energy by 125.2% during the 2nd quarter. CWM LLC now owns 867 shares of the company's stock worth $159,000 after purchasing an additional 482 shares during the last quarter. Finally, Concurrent Investment Advisors LLC acquired a new position in shares of Centrus Energy during the 2nd quarter worth approximately $713,000. 49.96% of the stock is owned by institutional investors and hedge funds.
About Centrus Energy
(
Get Free Report)
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.
Further Reading
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