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

Shares of Centrus Energy Corp. (NYSE:LEU) have been given a consensus recommendation of “Moderate Buy” by the thirteen analysts that are presently covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $252.0833.

LEU has been the topic of a number of recent analyst reports. Truist Financial initiated coverage on Centrus Energy in a research note on Monday. They issued a “buy” rating and a $215.00 price objective on the stock. UBS Group cut their price target on Centrus Energy from $195.00 to $170.00 and set a “neutral” rating for the company in a report on Tuesday, June 16th. Roth Capital cut their price target on Centrus Energy from $230.00 to $195.00 and set a “neutral” rating for the company in a report on Monday, June 22nd. Zacks Research upgraded shares of Centrus Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Finally, B. Riley Financial decreased their price objective on shares of Centrus Energy from $315.00 to $295.00 and set a “buy” rating on the stock in a report on Friday, April 24th.

Centrus Energy Stock Down 6.1%

Shares of LEU opened at $147.07 on Friday. The company has a market capitalization of $2.89 billion, a P/E ratio of 48.70, a PEG ratio of 19.39 and a beta of 1.35. Centrus Energy has a one year low of $144.65 and a one year high of $464.25. The business’s 50 day simple moving average is $174.71 and its 200-day simple moving average is $210.68. The company has a debt-to-equity ratio of 1.52, a current ratio of 5.72 and a quick ratio of 4.88.

Centrus Energy (NYSE:LEU) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.72. Centrus Energy had a return on equity of 13.10% and a net margin of 13.40%.The firm had revenue of $76.70 million during the quarter, compared to analysts’ expectations of $76.13 million. During the same period last year, the firm posted $1.60 EPS. The business’s revenue was up 4.9% on a year-over-year basis. As a group, sell-side analysts predict that Centrus Energy will post 2.7 EPS for the current fiscal year.

Insider Activity

In other news, CFO Todd M. Tinelli sold 306 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $203.55, for a total transaction of $62,286.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.72% of the company’s stock.

Institutional Trading of Centrus Energy

A number of hedge funds and other institutional investors have recently modified their holdings of LEU. Vanguard Group Inc. boosted its position in Centrus Energy by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 1,086,443 shares of the company’s stock valued at $263,745,000 after buying an additional 14,325 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Centrus Energy by 14.7% during the fourth quarter. Van ECK Associates Corp now owns 895,867 shares of the company’s stock worth $217,481,000 after acquiring an additional 114,881 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Centrus Energy by 43.3% during the fourth quarter. Bank of New York Mellon Corp now owns 473,145 shares of the company’s stock worth $114,861,000 after acquiring an additional 143,069 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Centrus Energy by 7.8% during the fourth quarter. Geode Capital Management LLC now owns 414,933 shares of the company’s stock valued at $100,746,000 after acquiring an additional 29,857 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Centrus Energy by 126.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 371,822 shares of the company’s stock valued at $90,265,000 after acquiring an additional 207,316 shares during the period. Institutional investors and hedge funds own 49.96% of the company’s stock.

About Centrus Energy

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.