Centrus Energy (NYSE:LEU) Stock Price Expected to Rise, B. Riley Analyst Says

Centrus Energy (NYSE:LEU) had its target price lifted by analysts at B. Riley from $134.00 to $221.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. B. Riley’s price objective would indicate a potential upside of 14.27% from the company’s previous close.

Several other research firms have also commented on LEU. William Blair initiated coverage on shares of Centrus Energy in a report on Wednesday, May 28th. They issued an “outperform” rating on the stock. Craig Hallum initiated coverage on shares of Centrus Energy in a research note on Tuesday, April 1st. They set a “buy” rating and a $129.00 price objective on the stock. Citigroup initiated coverage on shares of Centrus Energy in a research note on Tuesday, March 4th. They issued a “neutral” rating and a $104.00 target price for the company. HC Wainwright assumed coverage on shares of Centrus Energy in a research report on Tuesday, February 25th. They set a “buy” rating and a $300.00 price target on the stock. Finally, Bank of America assumed coverage on shares of Centrus Energy in a report on Wednesday, June 4th. They issued a “buy” rating and a $160.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Centrus Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.14.

Centrus Energy Stock Performance

NYSE:LEU traded up $3.37 during trading hours on Monday, hitting $193.41. 1,493,325 shares of the company were exchanged, compared to its average volume of 823,989. The company’s 50 day moving average price is $106.91 and its 200-day moving average price is $88.65. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of 43.81 and a beta of 1.37. Centrus Energy has a 52-week low of $33.51 and a 52-week high of $211.31. The company has a debt-to-equity ratio of 3.09, a current ratio of 2.93 and a quick ratio of 2.46.

Centrus Energy (NYSE:LEU) last issued its earnings results on Wednesday, May 7th. The company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $1.68. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%. Centrus Energy’s revenue for the quarter was up 67.3% on a year-over-year basis. During the same period last year, the business posted ($0.38) earnings per share. As a group, research analysts forecast that Centrus Energy will post 2.63 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP John M. A. Donelson sold 3,732 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $96.31, for a total value of $359,428.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kevin J. Harrill sold 1,728 shares of the company’s stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $126.00, for a total transaction of $217,728.00. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Cape Investment Advisory Inc. acquired a new position in Centrus Energy in the fourth quarter valued at approximately $27,000. Stone House Investment Management LLC acquired a new position in shares of Centrus Energy in the 1st quarter valued at $28,000. PNC Financial Services Group Inc. grew its holdings in shares of Centrus Energy by 77.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 440 shares of the company’s stock worth $29,000 after purchasing an additional 192 shares during the period. State of Wyoming purchased a new position in shares of Centrus Energy during the 4th quarter worth $33,000. Finally, Comerica Bank increased its position in shares of Centrus Energy by 589.5% during the 1st quarter. Comerica Bank now owns 655 shares of the company’s stock worth $41,000 after purchasing an additional 560 shares during the last quarter. Institutional investors and hedge funds own 49.96% of the company’s stock.

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.