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

Shares of Centrus Energy Corp. (NYSE:LEU) have earned a consensus rating of “Moderate Buy” from the thirteen research firms that are covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $252.0833.

LEU has been the subject of several recent research reports. Bank of America cut their price target on Centrus Energy from $240.00 to $205.00 and set a “neutral” rating for the company in a report on Thursday, July 9th. UBS Group dropped their price objective on shares of Centrus Energy from $195.00 to $170.00 and set a “neutral” rating for the company in a report on Tuesday, June 16th. B. Riley Financial dropped their price target on Centrus Energy from $315.00 to $295.00 and set a “buy” rating for the company in a research note on Friday, April 24th. Roth Capital decreased their target price on shares of Centrus Energy from $230.00 to $195.00 and set a “neutral” rating on the stock in a research report on Monday, June 22nd. Finally, Needham & Company LLC started coverage on Centrus Energy in a research note on Thursday, July 9th. They set a “buy” rating and a $264.00 price objective on the stock.

Centrus Energy Trading Up 9.3%

Shares of LEU stock opened at $170.95 on Friday. The firm’s 50 day moving average is $171.89 and its 200 day moving average is $208.88. The stock has a market capitalization of $3.36 billion, a P/E ratio of 56.61, a P/E/G ratio of 19.37 and a beta of 1.35. The company has a current ratio of 5.72, a quick ratio of 4.88 and a debt-to-equity ratio of 1.52. Centrus Energy has a 12-month low of $142.13 and a 12-month high of $464.25.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.33 by $0.72. The company had revenue of $76.70 million during the quarter, compared to analyst estimates of $76.13 million. Centrus Energy had a return on equity of 13.10% and a net margin of 13.40%.Centrus Energy’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.60 earnings per share. Research analysts expect that Centrus Energy will post 2.7 earnings per share for the current year.

Insider Buying and Selling at Centrus Energy

In related news, CFO Todd M. Tinelli sold 306 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $203.55, for a total transaction of $62,286.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On Centrus Energy

Several institutional investors have recently made changes to their positions in LEU. Handelsbanken Fonder AB lifted its stake in Centrus Energy by 27.4% in the second quarter. Handelsbanken Fonder AB now owns 6,980 shares of the company’s stock worth $1,172,000 after purchasing an additional 1,500 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Centrus Energy by 10.9% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 12,820 shares of the company’s stock worth $2,152,000 after buying an additional 1,264 shares during the period. GAMMA Investing LLC lifted its stake in shares of Centrus Energy by 61.6% during the 2nd quarter. GAMMA Investing LLC now owns 446 shares of the company’s stock worth $75,000 after acquiring an additional 170 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of Centrus Energy by 38.5% during the 1st quarter. Parallel Advisors LLC now owns 338 shares of the company’s stock worth $59,000 after acquiring an additional 94 shares during the last quarter. Finally, Glenmede Trust Co. NA boosted its holdings in Centrus Energy by 98.4% during the 1st quarter. Glenmede Trust Co. NA now owns 2,877 shares of the company’s stock valued at $499,000 after acquiring an additional 1,427 shares during the period. 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.