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

Shares of Centrus Energy Corp. (NYSE:LEU) have earned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $246.1667.

A number of research firms have commented on LEU. Weiss Ratings reiterated a “hold (c-)” rating on shares of Centrus Energy in a research report on Tuesday, August 4th. B. Riley Financial dropped their price target on Centrus Energy from $315.00 to $295.00 and set a “buy” rating for the company in a research report on Friday, April 24th. Bank of America cut their price target on Centrus Energy from $240.00 to $205.00 and set a “neutral” rating for the company in a research note on Thursday, July 9th. Citigroup decreased their price objective on shares of Centrus Energy from $224.00 to $218.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Centrus Energy from $178.00 to $180.00 and gave the company a “neutral” rating in a research note on Friday.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Comerica Bank raised 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. Royal Bank of Canada grew its holdings in Centrus Energy by 57.6% during the 1st quarter. Royal Bank of Canada now owns 17,266 shares of the company’s stock valued at $1,074,000 after buying an additional 6,312 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Centrus Energy by 45.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 54,315 shares of the company’s stock worth $3,379,000 after buying an additional 17,014 shares in the last quarter. Creative Planning purchased a new position in Centrus Energy during the second quarter worth $435,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Centrus Energy by 12.1% in the second quarter. JPMorgan Chase & Co. now owns 8,497 shares of the company’s stock worth $1,556,000 after acquiring an additional 917 shares during the last quarter. 49.96% of the stock is owned by hedge funds and other institutional investors.

Centrus Energy Price Performance

Shares of NYSE:LEU opened at $188.77 on Tuesday. The business’s 50 day simple moving average is $170.90 and its 200-day simple moving average is $196.54. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 85.80, a price-to-earnings-growth ratio of 24.59 and a beta of 1.36. The company has a debt-to-equity ratio of 1.39, a current ratio of 5.39 and a quick ratio of 4.52. Centrus Energy has a 12 month low of $142.13 and a 12 month high of $464.25.

Centrus Energy (NYSE:LEU) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $1.03. Centrus Energy had a return on equity of 7.06% and a net margin of 10.23%.The business had revenue of $176.10 million for the quarter. During the same quarter in the prior year, the company earned $1.59 EPS. The business’s revenue was up 14.0% on a year-over-year basis. As a group, equities analysts forecast that Centrus Energy will post 2.6 earnings per share for the current fiscal year.

Centrus Energy Company Profile

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.