Centrus Energy Corp. (NYSE:LEU) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Centrus Energy Corp. (NYSE:LEU) have been assigned an average recommendation of “Moderate Buy” from the fourteen brokerages that are covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $247.9091.

Several equities analysts have recently issued reports on LEU shares. Needham & Company LLC reissued a “buy” rating and issued a $357.00 price objective on shares of Centrus Energy in a report on Monday, December 22nd. UBS Group set a $245.00 price target on Centrus Energy in a research report on Tuesday, November 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Centrus Energy in a report on Tuesday, December 23rd. JPMorgan Chase & Co. dropped their price objective on shares of Centrus Energy from $275.00 to $245.00 and set a “neutral” rating on the stock in a research note on Friday, November 7th. Finally, B. Riley lifted their target price on shares of Centrus Energy from $221.00 to $315.00 and gave the company a “buy” rating in a report on Monday, December 22nd.

Centrus Energy Stock Performance

Shares of NYSE LEU opened at $254.81 on Monday. The company has a 50 day simple moving average of $284.55 and a two-hundred day simple moving average of $253.16. The stock has a market cap of $4.64 billion, a price-to-earnings ratio of 38.73 and a beta of 1.33. The company has a current ratio of 3.46, a quick ratio of 2.79 and a debt-to-equity ratio of 3.23. Centrus Energy has a 12 month low of $49.40 and a 12 month high of $464.25.

Centrus Energy (NYSE:LEU) last posted its earnings results on Thursday, November 6th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.17). Centrus Energy had a net margin of 25.04% and a return on equity of 37.14%. During the same quarter last year, the company earned ($0.30) EPS. The firm’s revenue was up 29.8% compared to the same quarter last year. As a group, analysts predict that Centrus Energy will post 2.63 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LEU. IFP Advisors Inc raised its holdings in Centrus Energy by 38.3% in the 3rd quarter. IFP Advisors Inc now owns 148 shares of the company’s stock worth $46,000 after purchasing an additional 41 shares during the period. Farther Finance Advisors LLC increased its position in shares of Centrus Energy by 15.1% in the third quarter. Farther Finance Advisors LLC now owns 327 shares of the company’s stock valued at $101,000 after buying an additional 43 shares in the last quarter. Allworth Financial LP increased its position in shares of Centrus Energy by 23.2% in the third quarter. Allworth Financial LP now owns 239 shares of the company’s stock valued at $74,000 after buying an additional 45 shares in the last quarter. Rothschild Investment LLC raised its stake in shares of Centrus Energy by 54.9% during the 3rd quarter. Rothschild Investment LLC now owns 127 shares of the company’s stock worth $39,000 after buying an additional 45 shares during the period. Finally, Lido Advisors LLC lifted its position in shares of Centrus Energy by 4.2% during the 3rd quarter. Lido Advisors LLC now owns 1,138 shares of the company’s stock valued at $353,000 after buying an additional 46 shares in the last quarter. Institutional investors and hedge funds own 49.96% of the company’s stock.

About Centrus Energy

Centrus Energy Corp is a U.S.-based supplier of nuclear fuel and enrichment services, specializing in the production of low-enriched uranium (LEU) for commercial power reactors and highly enriched uranium for naval propulsion. Through its Centrus Global subsidiary, the company provides technical support, fuel fabrication services and recycled uranium products to utilities operating light-water reactors. Centrus also develops advanced centrifuge technologies aimed at improving enrichment efficiency and reducing the cost of nuclear fuel.

Originally founded as the United States Enrichment Corporation (USEC) in 1998 following a spin-out from the U.S.