Centrus Energy Corp. (NYSE:LEU) Receives $258.83 Average PT from Brokerages

Shares of Centrus Energy Corp. (NYSE:LEU) have earned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the company, Marketbeat reports. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $258.8333.

A number of equities research analysts have issued reports on LEU shares. William Blair reaffirmed an “outperform” rating on shares of Centrus Energy in a report on Tuesday, January 6th. Zacks Research downgraded shares of Centrus Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Stifel Nicolaus set a $246.00 target price on shares of Centrus Energy in a research report on Thursday, February 12th. UBS Group cut their target price on shares of Centrus Energy from $245.00 to $195.00 and set a “neutral” rating for the company in a research note on Thursday, March 5th. Finally, Roth Mkm reiterated a “neutral” rating and issued a $137.00 price target on shares of Centrus Energy in a research note on Wednesday, February 11th.

Institutional Investors Weigh In On Centrus Energy

Hedge funds have recently made changes to their positions in the company. Vermillion Wealth Management Inc. grew its holdings in Centrus Energy by 5,000.0% during the 4th quarter. Vermillion Wealth Management Inc. now owns 102 shares of the company’s stock valued at $25,000 after buying an additional 100 shares in the last quarter. Aventura Private Wealth LLC purchased a new stake in shares of Centrus Energy during the 4th quarter worth approximately $30,000. RiverPark Advisors LLC purchased a new stake in shares of Centrus Energy during the 3rd quarter worth approximately $33,000. Fulcrum Asset Management LLP bought a new position in shares of Centrus Energy during the 3rd quarter valued at approximately $34,000. Finally, Hilton Head Capital Partners LLC bought a new position in shares of Centrus Energy during the 4th quarter valued at approximately $36,000. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

Centrus Energy Stock Performance

NYSE LEU opened at $208.56 on Friday. The company has a quick ratio of 4.83, a current ratio of 5.59 and a debt-to-equity ratio of 1.54. Centrus Energy has a twelve month low of $49.40 and a twelve month high of $464.25. The business has a 50-day moving average price of $246.85 and a 200-day moving average price of $273.61. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 50.01 and a beta of 1.26.

Centrus Energy (NYSE:LEU) last issued its earnings results on Tuesday, February 10th. The company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.63). Centrus Energy had a net margin of 17.34% and a return on equity of 15.52%. The business had revenue of $146.20 million for the quarter, compared to the consensus estimate of $145.40 million. Centrus Energy’s revenue was down 3.6% on a year-over-year basis. As a group, equities research analysts predict that Centrus Energy will post 2.63 EPS for the current fiscal year.

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.