Centrus Energy (NYSE:LEU) Trading Up 5.8% - Here's Why

Key Points

• Centrus Energy Corp. (NYSE:LEU) saw a significant stock increase of 5.8%, trading as high as $217.05 during mid-day trading, following an earlier close at $204.68.
• Several analysts have issued buy ratings with target prices ranging from $215.00 to $300.00, indicating positive investor sentiment towards the company's stock.
• The company reported earnings of $1.59 per share, exceeding expectations significantly, but revenue was down 18.3% compared to the previous year.

Centrus Energy Corp. (NYSE:LEU - Get Free Report) shot up 5.8% during mid-day trading on Tuesday . The company traded as high as $217.05 and last traded at $216.51. 733,030 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 1,054,170 shares. The stock had previously closed at $204.68.

Analyst Ratings Changes

LEU has been the subject of several analyst reports. Stifel Nicolaus initiated coverage on Centrus Energy in a report on Friday, July 11th. They set a "buy" rating and a $220.00 target price for the company. HC Wainwright restated a "buy" rating and set a $300.00 price target on shares of Centrus Energy in a research note on Tuesday, August 26th. Evercore ISI raised their price target on Centrus Energy from $251.00 to $252.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Northland Securities set a $275.00 target price on shares of Centrus Energy in a report on Thursday, August 7th. Finally, UBS Group raised shares of Centrus Energy to a "hold" rating and set a $215.00 price objective for the company in a research report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $202.09.

Centrus Energy Stock Performance

The firm has a market cap of $3.99 billion, a P/E ratio of 49.73 and a beta of 1.53. 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's 50 day moving average is $205.21 and its 200 day moving average is $135.60.

Centrus Energy (NYSE:LEU - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $1.59 EPS for the quarter, topping the consensus estimate of $0.58 by $1.01. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%.During the same quarter in the prior year, the firm posted $1.89 EPS. Centrus Energy's revenue for the quarter was down 18.3% compared to the same quarter last year. As a group, equities analysts predict that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.

Institutional Trading of Centrus Energy

Institutional investors and hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC boosted its holdings in shares of Centrus Energy by 157.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 183 shares of the company's stock worth $34,000 after purchasing an additional 112 shares in the last quarter. USA Financial Formulas bought a new stake in shares of Centrus Energy during the 2nd quarter valued at about $35,000. Harbour Investments Inc. increased its position 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 valued at $38,000 after buying an additional 189 shares during the period. Farther Finance Advisors LLC raised its stake in Centrus Energy by 2,084.6% in the second quarter. Farther Finance Advisors LLC now owns 284 shares of the company's stock worth $52,000 after buying an additional 271 shares in the last quarter. Finally, Stone House Investment Management LLC purchased a new stake in Centrus Energy in the first quarter worth about $28,000. 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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