Centrus Energy (NYSE:LEU) Stock Price Up 3% Following Analyst Upgrade

Centrus Energy Corp. (NYSE:LEUGet Free Report)’s stock price rose 3% during trading on Wednesday after Wall Street Zen upgraded the stock to a sell rating. The stock traded as high as $179.38 and last traded at $178.22. Approximately 366,759 shares traded hands during trading, a decline of 59% from the average daily volume of 884,131 shares. The stock had previously closed at $173.03.

Several other brokerages have also issued reports on LEU. Roth Mkm dropped their target price on shares of Centrus Energy from $62.00 to $58.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. B. Riley lifted their target price on shares of Centrus Energy from $88.00 to $126.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.57.

View Our Latest Stock Analysis on LEU

Insider Transactions at Centrus Energy

In other news, CFO Kevin J. Harrill sold 1,728 shares of the business’s stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP John M. A. Donelson sold 3,732 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The stock was 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. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Centrus Energy

A number of hedge funds have recently made changes to their positions in LEU. Cape Investment Advisory Inc. bought a new stake in shares of Centrus Energy in the 4th quarter worth approximately $27,000. Stone House Investment Management LLC bought a new stake in Centrus Energy during the 1st quarter valued at $28,000. PNC Financial Services Group Inc. raised its holdings in Centrus Energy by 77.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 440 shares of the company’s stock valued at $29,000 after buying an additional 192 shares during the last quarter. State of Wyoming bought a new stake in Centrus Energy during the 4th quarter valued at $33,000. Finally, Comerica Bank raised its holdings in Centrus Energy by 589.5% during the 1st quarter. Comerica Bank now owns 655 shares of the company’s stock valued at $41,000 after buying an additional 560 shares during the last quarter. 49.96% of the stock is currently owned by institutional investors.

Centrus Energy Stock Up 4.6%

The stock’s fifty day moving average is $101.99 and its 200 day moving average is $87.04. The company has a current ratio of 2.93, a quick ratio of 2.46 and a debt-to-equity ratio of 3.09. The company has a market capitalization of $3.08 billion, a P/E ratio of 41.03 and a beta of 1.37.

Centrus Energy (NYSE:LEUGet Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $1.68. Centrus Energy had a net margin of 16.56% and a return on equity of 84.09%. During the same quarter last year, the company posted ($0.38) earnings per share. The firm’s revenue for the quarter was up 67.3% on a year-over-year basis. Research analysts predict that Centrus Energy Corp. will post 2.63 EPS for the current fiscal year.

About Centrus Energy

(Get Free Report)

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.

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