Centrus Energy's (LEU) Outperform Rating Reaffirmed at William Blair

Centrus Energy (NYSE:LEU - Get Free Report)'s stock had its "outperform" rating reaffirmed by equities researchers at William Blair in a report issued on Wednesday,RTT News reports.

Several other research firms have also recently issued reports on LEU. Northland Securities initiated coverage on Centrus Energy in a research note on Monday. They issued an "outperform" rating and a $205.00 target price on the stock. Craig Hallum assumed coverage on Centrus Energy in a research note on Tuesday, April 1st. They issued a "buy" rating and a $129.00 price target for the company. B. Riley restated a "buy" rating and issued a $221.00 price objective (up from $134.00) on shares of Centrus Energy in a report on Monday, June 23rd. Evercore ISI reaffirmed an "outperform" rating and set a $205.00 target price (up previously from $145.00) on shares of Centrus Energy in a research note on Wednesday, June 18th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Centrus Energy in a research report on Thursday, June 26th. They set a "neutral" rating and a $148.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Centrus Energy has a consensus rating of "Moderate Buy" and a consensus price target of $170.00.

Centrus Energy Trading Up 3.2%

LEU stock traded up $5.52 during trading on Wednesday, hitting $179.37. 474,928 shares of the company traded hands, compared to its average volume of 869,925. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93. Centrus Energy has a 1 year low of $33.51 and a 1 year high of $211.31. The company has a 50-day moving average of $133.81 and a 200-day moving average of $97.42. The firm has a market capitalization of $3.06 billion, a PE ratio of 40.67 and a beta of 1.45.

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 the consensus estimate of ($0.08) by $1.68. Centrus Energy had a net margin of 16.56% and a return on equity of 84.09%. The company's revenue was up 67.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.38) EPS. Analysts predict that Centrus Energy will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Centrus Energy

In other Centrus Energy news, CFO Kevin J. Harrill sold 1,728 shares of Centrus Energy stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $126.00, for a total value of $217,728.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP John M. A. Donelson sold 3,732 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $96.31, for a total transaction of $359,428.92. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Centrus Energy

A number of hedge funds have recently added to or reduced their stakes in LEU. Charles Schwab Investment Management Inc. raised its holdings in shares of Centrus Energy by 5.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 121,392 shares of the company's stock valued at $8,086,000 after purchasing an additional 6,709 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Centrus Energy in the fourth quarter worth $370,000. PNC Financial Services Group Inc. increased its position in 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 acquiring an additional 192 shares during the last quarter. Prosperity Wealth Management Inc. bought a new position in Centrus Energy in the fourth quarter valued at about $309,000. Finally, Farther Finance Advisors LLC lifted its holdings in Centrus Energy by 33,333.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,003 shares of the company's stock valued at $67,000 after acquiring an additional 1,000 shares during the period. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

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.