Centrus Energy Corp. (NYSE:LEU) Stock Has Average Target Price of $235.71 According to Brokerages

Key Points

• Analyst sentiment is moderately bullish: Sixteen analysts give Centrus Energy a consensus “Moderate Buy” rating, with an average 12-month price target of $235.71. Ratings include nine holds, six buys and one strong buy.
• The stock has fallen sharply: Shares opened at $138.26, near their 12-month low of $135.85 and well below the $464.25 high; several brokerages recently lowered their price targets, including Stifel Nicolaus and Bank of America.
• Recent earnings exceeded expectations: Centrus reported quarterly EPS of $1.77 versus the $0.74 consensus estimate, while revenue rose 14% year over year to $176.1 million. Analysts expect full-year EPS of $4.21.

Centrus Energy Corp. (NYSE:LEU - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the sixteen research firms that are currently covering the stock, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $235.71.

Several brokerages have weighed in on LEU. Stifel Nicolaus dropped their target price on Centrus Energy from $246.00 to $216.00 and set a "buy" rating on the stock in a research report on Tuesday, August 25th. Roth Capital reiterated a "neutral" rating and set a $188.00 price target on shares of Centrus Energy in a report on Thursday, August 6th. Northland Securities set a $270.00 price target on Centrus Energy in a research note on Friday, September 11th. Bank of America dropped their price objective on Centrus Energy from $240.00 to $205.00 and set a "neutral" rating on the stock in a report on Thursday, July 9th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Centrus Energy in a research report on Tuesday, August 4th.

Centrus Energy Trading Down 1.5%

Centrus Energy stock opened at $138.26 on Wednesday. Centrus Energy has a 12 month low of $135.85 and a 12 month high of $464.25. The company has a quick ratio of 4.52, a current ratio of 5.39 and a debt-to-equity ratio of 1.39. The stock has a market cap of $2.76 billion, a P/E ratio of 62.84, a P/E/G ratio of 11.15 and a beta of 1.33. The company's fifty day simple moving average is $171.18 and its 200-day simple moving average is $179.50.

Centrus Energy (NYSE:LEU - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $1.03. The business had revenue of $176.10 million during the quarter. Centrus Energy had a return on equity of 7.06% and a net margin of 10.23%.Centrus Energy's revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.59 earnings per share. As a group, sell-side analysts forecast that Centrus Energy will post 4.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Vermillion Wealth Management Inc. boosted its holdings in Centrus Energy by 5,000.0% in the fourth quarter. Vermillion Wealth Management Inc. now owns 102 shares of the company's stock worth $25,000 after purchasing an additional 100 shares in the last quarter. Western Wealth Management LLC acquired a new position in Centrus Energy during the first quarter worth $31,000. Leonteq Securities AG bought a new position in Centrus Energy during the first quarter valued at about $35,000. Hilton Head Capital Partners LLC bought a new position in Centrus Energy during the fourth quarter valued at about $36,000. Finally, IFP Advisors Inc lifted its position in shares of Centrus Energy by 172.4% in the second quarter. IFP Advisors Inc now owns 237 shares of the company's stock worth $40,000 after buying an additional 150 shares during the last quarter. Institutional investors own 49.96% of the company's stock.

Centrus Energy Company Profile

Centrus Energy Corp. NYSE: LEU is a U.S.-based supplier of nuclear fuel and related services. The company provides enriched uranium products, including low-enriched uranium (LEU), which is used to fuel commercial nuclear reactors, as well as uranium enrichment and fuel-cycle services for utilities and other customers.

Centrus is also developing high-assay low-enriched uranium (HALEU), an advanced nuclear fuel intended for certain next-generation reactors. Through its American Centrifuge technology, the company is working to establish domestic enrichment capacity and support the production of HALEU for advanced reactor and national security applications.

The company traces its roots to the U.S.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.