Centrus Energy Corp. (NYSE:LEU) Stock Rated “Moderate Buy” by Sell-Side Analysts

Centrus Energy Corp. (NYSE:LEU) has received a consensus rating of “Moderate Buy” from the nineteen analysts that are presently covering the firm, Marketbeat.com reports. Ten analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $193.12.

A number of analysts have issued reports on LEU shares. Texas Capital raised Centrus Energy to a “strong-buy” rating in a research note on Tuesday, October 27th. Bank of America dropped their price objective on shares of Centrus Energy from $240.00 to $205.00 and set a “neutral” rating for the company in a research note on Thursday, July 9th. Jefferies Financial Group started coverage on shares of Centrus Energy in a research note on Thursday, September 3rd. They set a “hold” rating and a $169.00 price objective for the company. HC Wainwright reiterated a “buy” rating and set a $300.00 price objective on shares of Centrus Energy in a report on Wednesday, October 21st. Finally, Weiss Ratings raised shares of Centrus Energy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th.

Centrus Energy Trading Down 6.9%

Shares of LEU opened at $102.90 on Friday. Centrus Energy has a fifty-two week low of $96.80 and a fifty-two week high of $390.00. The company has a market capitalization of $2.05 billion, a PE ratio of 46.77, a price-to-earnings-growth ratio of 9.90 and a beta of 1.53. The stock has a fifty day moving average of $145.30 and a two-hundred day moving average of $186.49. The company has a debt-to-equity ratio of 1.39, a quick ratio of 4.52 and a current ratio of 5.39.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $1.03. The business had revenue of $176.10 million for the quarter. Centrus Energy had a return on equity of 7.06% and a net margin of 10.23%. Centrus Energy’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.59 EPS. As a group, analysts forecast that Centrus Energy will post 3.49 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund purchased a new position in Centrus Energy in the third quarter valued at about $604,000. Salomon & Ludwin LLC acquired a new stake in shares of Centrus Energy during the third quarter worth approximately $28,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Centrus Energy during the 3rd quarter worth $6,744,000. Pilgrim Partners Asia Pte Ltd increased its holdings in Centrus Energy by 45.5% in the third quarter. Pilgrim Partners Asia Pte Ltd now owns 800 shares of the company’s stock valued at $112,000 after buying an additional 250 shares during the last quarter. Finally, ProShare Advisors LLC increased its holdings in shares of Centrus Energy by 5.0% in the 3rd quarter. ProShare Advisors LLC now owns 2,565 shares of the company’s stock valued at $358,000 after acquiring an additional 123 shares during the last quarter. Hedge funds and other institutional investors 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 used to fuel commercial nuclear reactors, as well as uranium and fuel-management services for utilities and other customers in the nuclear energy industry.

Centrus is also developing high-assay low-enriched uranium (HALEU), an advanced fuel intended for certain next-generation and small modular reactors. Its American Centrifuge technology is being developed to support domestic uranium enrichment and reduce reliance on foreign fuel-supply chains.