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

Shares of Centrus Energy Corp. (NYSE:LEU) have earned an average recommendation of “Moderate Buy” from the sixteen analysts that are presently covering the firm, MarketBeat reports. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $235.7143.

Several equities research analysts recently commented on the stock. Barclays began coverage on shares of Centrus Energy in a research report on Tuesday, August 18th. They issued an “equal weight” rating and a $207.00 price objective on the stock. Stifel Nicolaus cut their target price on shares of Centrus Energy from $246.00 to $216.00 and set a “buy” rating for the company in a research report on Tuesday, August 25th. Jefferies Financial Group started coverage on shares of Centrus Energy in a report on Thursday, September 3rd. They issued a “hold” rating and a $169.00 price target on the stock. Zacks Research raised shares of Centrus Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Northland Securities set a $270.00 price target on Centrus Energy in a research report on Friday.

Centrus Energy Price Performance

Shares of NYSE:LEU opened at $152.31 on Friday. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 69.23, a price-to-earnings-growth ratio of 20.30 and a beta of 1.33. The company has a debt-to-equity ratio of 1.39, a current ratio of 5.39 and a quick ratio of 4.52. The business’s 50 day simple moving average is $175.07 and its 200-day simple moving average is $184.25. 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 data on Wednesday, August 5th. The company reported $1.77 earnings per share for the quarter, beating the consensus estimate of $0.74 by $1.03. The firm had revenue of $176.10 million during the quarter. Centrus Energy had a return on equity of 7.06% and a net margin of 10.23%.The business’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.59 earnings per share. As a group, equities analysts forecast that Centrus Energy will post 2.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Vermillion Wealth Management Inc. lifted its stake in shares of Centrus Energy by 5,000.0% during the fourth quarter. Vermillion Wealth Management Inc. now owns 102 shares of the company’s stock valued at $25,000 after buying an additional 100 shares during the period. Fulcrum Asset Management LLP purchased a new position in shares of Centrus Energy during the 3rd quarter worth about $34,000. IFP Advisors Inc boosted its position in shares of Centrus Energy by 38.3% in the third quarter. IFP Advisors Inc now owns 148 shares of the company’s stock worth $46,000 after acquiring an additional 41 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new stake in shares of Centrus Energy in the fourth quarter worth approximately $36,000. Finally, Western Wealth Management LLC purchased a new stake in Centrus Energy in the first quarter valued at approximately $31,000. Institutional investors and hedge funds own 49.96% of the company’s stock.

Centrus Energy Company Profile

Centrus Energy Corp. (NYSE: LEU) is a U.S.-based supplier of nuclear fuel and related services. The company provides enriched uranium products, including low-enriched uranium (LEU), which is used to fuel commercial nuclear reactors, as well as uranium enrichment and fuel-cycle services for utilities and other customers.

Centrus is also developing high-assay low-enriched uranium (HALEU), an advanced nuclear fuel intended for certain next-generation reactors. Through its American Centrifuge technology, the company is working to establish domestic enrichment capacity and support the production of HALEU for advanced reactor and national security applications.

The company traces its roots to the U.S.