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

Shares of Centrus Energy Corp. (NYSE:LEU) have been given an average recommendation of “Moderate Buy” by the fourteen research firms that are presently covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $268.1818.

A number of brokerages have recently commented on LEU. Roth Mkm reissued a “neutral” rating and issued a $137.00 price target on shares of Centrus Energy in a report on Wednesday, February 11th. Weiss Ratings lowered shares of Centrus Energy from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. decreased their price target on shares of Centrus Energy from $245.00 to $242.00 and set a “neutral” rating on the stock in a report on Thursday, February 5th. Citigroup decreased their price target on shares of Centrus Energy from $224.00 to $218.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. Finally, Zacks Research raised shares of Centrus Energy from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th.

Insider Activity at Centrus Energy

In other news, CFO Todd M. Tinelli sold 306 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $203.55, for a total value of $62,286.30. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.72% of the stock is owned by insiders.

Institutional Investors Weigh In On Centrus Energy

A number of institutional investors have recently made changes to their positions in LEU. Price T Rowe Associates Inc. MD boosted its stake in shares of Centrus Energy by 126.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 371,822 shares of the company’s stock valued at $90,265,000 after purchasing an additional 207,316 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Centrus Energy by 78.8% in the 3rd quarter. American Century Companies Inc. now owns 442,261 shares of the company’s stock valued at $137,132,000 after purchasing an additional 194,909 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Centrus Energy by 25.9% in the 3rd quarter. Van ECK Associates Corp now owns 780,986 shares of the company’s stock valued at $242,161,000 after purchasing an additional 160,482 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Centrus Energy by 43.3% in the 4th quarter. Bank of New York Mellon Corp now owns 473,145 shares of the company’s stock valued at $114,861,000 after purchasing an additional 143,069 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Centrus Energy by 217.4% in the 1st quarter. Renaissance Technologies LLC now owns 160,542 shares of the company’s stock valued at $27,868,000 after purchasing an additional 109,960 shares in the last quarter. Hedge funds and other institutional investors own 49.96% of the company’s stock.

Centrus Energy Price Performance

Shares of NYSE:LEU opened at $180.39 on Thursday. The company’s fifty day moving average price is $193.55 and its 200-day moving average price is $232.78. The firm has a market capitalization of $3.55 billion, a price-to-earnings ratio of 59.73, a PEG ratio of 18.99 and a beta of 1.43. Centrus Energy has a one year low of $117.64 and a one year high of $464.25. The company has a debt-to-equity ratio of 1.52, a current ratio of 5.72 and a quick ratio of 4.88.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.72. The firm had revenue of $76.70 million for the quarter, compared to analyst estimates of $76.13 million. Centrus Energy had a net margin of 13.40% and a return on equity of 13.10%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.60 EPS. On average, equities research analysts anticipate that Centrus Energy will post 2.55 earnings per share 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.