Centrus Energy Corp. (NYSE:LEU) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Centrus Energy Corp. (NYSE:LEU) have been assigned an average recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $239.3636.

A number of equities analysts recently issued reports on LEU shares. Needham & Company LLC initiated coverage on shares of Centrus Energy in a report on Friday, December 5th. They issued a “buy” rating and a $357.00 price objective on the stock. HC Wainwright reissued a “buy” rating and set a $300.00 price objective on shares of Centrus Energy in a research report on Tuesday, August 26th. UBS Group set a $245.00 target price on Centrus Energy in a research report on Tuesday, November 25th. JPMorgan Chase & Co. reduced their price target on Centrus Energy from $275.00 to $245.00 and set a “neutral” rating for the company in a research report on Friday, November 7th. Finally, Weiss Ratings assumed coverage on Centrus Energy in a research note on Friday, December 5th. They issued a “hold (c)” rating on the stock.

Centrus Energy Stock Performance

LEU stock opened at $265.43 on Thursday. 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 1 year low of $49.40 and a 1 year high of $464.25. The company has a market cap of $4.83 billion, a P/E ratio of 40.34 and a beta of 1.33. The stock’s fifty day moving average price is $315.56 and its 200-day moving average price is $242.65.

Centrus Energy (NYSE:LEU) last posted its earnings results on Thursday, November 6th. The company reported $0.19 earnings per share 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%. The firm’s quarterly revenue was up 29.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.30) earnings per share. On average, equities analysts forecast that Centrus Energy will post 2.63 earnings per share for the current year.

Hedge Funds Weigh In On Centrus Energy

A number of hedge funds have recently modified their holdings of LEU. Allworth Financial LP raised its position in shares of Centrus Energy by 23.2% during the 3rd quarter. Allworth Financial LP now owns 239 shares of the company’s stock valued at $74,000 after purchasing an additional 45 shares during the period. IFP Advisors Inc increased its stake in Centrus Energy by 38.3% in the 3rd quarter. IFP Advisors Inc now owns 148 shares of the company’s stock worth $46,000 after buying an additional 41 shares in the last quarter. Swiss Life Asset Management Ltd purchased a new stake in Centrus Energy in the 3rd quarter worth $235,000. Petix & Botte Co bought a new stake in Centrus Energy during the third quarter valued at about $260,000. Finally, CIBC Bancorp USA Inc. purchased a new position in shares of Centrus Energy in the third quarter valued at about $520,000. 49.96% of the stock is currently 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.