Centrus Energy (NYSE:LEU) Trading 6.3% Higher – Should You Buy?

Centrus Energy Corp. (NYSE:LEU)’s stock price rose 6.3% during mid-day trading on Friday . The stock traded as high as $78.98 and last traded at $78.69. Approximately 200,372 shares traded hands during trading, a decline of 63% from the average daily volume of 540,734 shares. The stock had previously closed at $74.06.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on LEU shares. B. Riley boosted their price target on Centrus Energy from $88.00 to $126.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Roth Mkm lowered their target price on shares of Centrus Energy from $62.00 to $58.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Finally, Roth Capital cut shares of Centrus Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $92.00.

Centrus Energy Stock Performance

The business’s fifty day moving average is $75.78 and its two-hundred day moving average is $60.95. The stock has a market capitalization of $1.25 billion, a PE ratio of 15.91 and a beta of 1.17. The company has a quick ratio of 1.03, a current ratio of 1.63 and a debt-to-equity ratio of 1.44.

Centrus Energy (NYSE:LEU) last posted its earnings results on Monday, October 28th. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.48). The business had revenue of $57.70 million during the quarter, compared to the consensus estimate of $56.50 million. Centrus Energy had a return on equity of 138.38% and a net margin of 19.24%. As a group, research analysts anticipate that Centrus Energy Corp. will post 2.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Centrus Energy

Institutional investors have recently modified their holdings of the stock. Evermay Wealth Management LLC increased its position in shares of Centrus Energy by 3.5% during the 3rd quarter. Evermay Wealth Management LLC now owns 5,175 shares of the company’s stock valued at $284,000 after purchasing an additional 175 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Centrus Energy by 3.0% during the third quarter. JPMorgan Chase & Co. now owns 6,288 shares of the company’s stock worth $345,000 after buying an additional 186 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of Centrus Energy by 5.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 10,099 shares of the company’s stock valued at $673,000 after acquiring an additional 562 shares during the period. Vontobel Holding Ltd. lifted its holdings in shares of Centrus Energy by 17.3% in the 3rd quarter. Vontobel Holding Ltd. now owns 5,520 shares of the company’s stock worth $303,000 after acquiring an additional 815 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Centrus Energy by 4.1% during the 2nd quarter. Rhumbline Advisers now owns 23,151 shares of the company’s stock worth $990,000 after purchasing an additional 917 shares during the period. 49.96% of the stock is owned by institutional investors.

About Centrus Energy

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.