Analysts Set Centrus Energy Corp. (NYSE:LEU) Price Target at $253.33

Centrus Energy Corp. (NYSE:LEU) has been assigned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $253.3333.

Several research firms recently issued reports on LEU. Zacks Research upgraded Centrus Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Northland Securities set a $325.00 target price on shares of Centrus Energy in a report on Wednesday, January 7th. Roth Mkm lifted their price target on shares of Centrus Energy from $117.00 to $125.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Centrus Energy in a research report on Monday, December 29th. Finally, William Blair reissued an “outperform” rating on shares of Centrus Energy in a report on Tuesday, January 6th.

Centrus Energy Trading Up 10.1%

NYSE LEU opened at $310.21 on Friday. The company has a market capitalization of $5.65 billion, a price-to-earnings ratio of 47.14 and a beta of 1.24. The company has a debt-to-equity ratio of 3.23, a current ratio of 3.46 and a quick ratio of 2.79. Centrus Energy has a 12 month low of $49.40 and a 12 month high of $464.25. The company’s fifty day moving average price is $272.24 and its two-hundred day moving average price is $270.95.

Centrus Energy (NYSE:LEU) last issued 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 business posted ($0.30) earnings per share. The business’s quarterly revenue was up 29.8% on a year-over-year basis. As a group, research analysts predict that Centrus Energy will post 2.63 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Centrus Energy

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in Centrus Energy by 8.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,072,118 shares of the company’s stock valued at $332,432,000 after acquiring an additional 86,509 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Centrus Energy by 6.7% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 936,477 shares of the company’s stock worth $290,376,000 after purchasing an additional 58,634 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Centrus Energy by 25.9% during the third 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 during the period. American Century Companies Inc. increased its holdings in shares of Centrus Energy by 78.8% during the third 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 during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Centrus Energy by 3.0% during the third quarter. Dimensional Fund Advisors LP now owns 358,799 shares of the company’s stock valued at $111,260,000 after purchasing an additional 10,333 shares in the last quarter. Institutional investors own 49.96% of the company’s stock.

Centrus Energy Company Profile

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.