Centrus Energy Corp. (NYSE:LEU) Receives Consensus Rating of “Moderate Buy” from Analysts

Centrus Energy Corp. (NYSE:LEU) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $268.1818.

Several equities research analysts have recently commented on LEU shares. Weiss Ratings lowered Centrus Energy from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. UBS Group reduced their target price on Centrus Energy from $245.00 to $195.00 and set a “neutral” rating on the stock in a research note on Thursday, March 5th. Citigroup reduced their target price on Centrus Energy from $224.00 to $218.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. Stifel Nicolaus set a $246.00 target price on Centrus Energy in a research note on Thursday, February 12th. Finally, B. Riley Financial reduced their target price on Centrus Energy from $315.00 to $295.00 and set a “buy” rating on the stock in a research note on Friday, April 24th.

Centrus Energy Price Performance

Shares of NYSE:LEU opened at $182.11 on Thursday. The business’s 50 day simple moving average is $192.17 and its 200-day simple moving average is $229.61. The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of 60.30, a price-to-earnings-growth ratio of 25.16 and a beta of 1.34. 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 has a 12 month low of $128.18 and a 12 month high of $464.25.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.33 by $0.72. The business had revenue of $76.70 million for 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%.The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.60 EPS. As a group, equities analysts forecast that Centrus Energy will post 2.65 earnings per share for the current fiscal year.

Insider Transactions at Centrus Energy

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

Institutional Investors Weigh In On Centrus Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Centrus Energy by 6.7% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 936,477 shares of the company’s stock valued at $290,376,000 after buying an additional 58,634 shares in the last quarter. Van ECK Associates Corp lifted its stake in Centrus Energy by 14.7% in the 4th quarter. Van ECK Associates Corp now owns 895,867 shares of the company’s stock valued at $217,481,000 after buying an additional 114,881 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Centrus Energy by 43.3% in the 4th quarter. Bank of New York Mellon Corp now owns 473,145 shares of the company’s stock valued at $114,861,000 after acquiring an additional 143,069 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in Centrus Energy by 78.8% in the 3rd quarter. American Century Companies Inc. now owns 442,261 shares of the company’s stock valued at $137,132,000 after acquiring an additional 194,909 shares during the last quarter. Hedge funds and other institutional investors 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.