Centrus Energy Corp. (NYSE:LEU) Receives $202.09 Average PT from Analysts

Shares of Centrus Energy Corp. (NYSE:LEU) have been assigned an average recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $202.0909.

A number of analysts have commented on LEU shares. Stifel Nicolaus started coverage on Centrus Energy in a research report on Friday, July 11th. They set a “buy” rating and a $220.00 target price on the stock. Northland Securities set a $275.00 price target on Centrus Energy in a report on Thursday, August 7th. UBS Group raised Centrus Energy to a “hold” rating and set a $215.00 price target for the company in a report on Monday, July 21st. B. Riley reissued a “buy” rating and issued a $221.00 price target (up from $134.00) on shares of Centrus Energy in a report on Monday, June 23rd. Finally, Northland Capmk raised Centrus Energy to a “strong-buy” rating in a report on Monday, July 7th.

Centrus Energy Stock Down 8.8%

LEU opened at $276.00 on Friday. The business’s fifty day moving average is $219.91 and its two-hundred day moving average is $148.66. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93. The company has a market cap of $5.03 billion, a price-to-earnings ratio of 62.59 and a beta of 1.53. Centrus Energy has a one year low of $49.40 and a one year high of $312.54.

Centrus Energy (NYSE:LEU) last posted its earnings results on Tuesday, August 5th. The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $1.01. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%.The business’s revenue for the quarter was down 18.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.89 EPS. Analysts anticipate that Centrus Energy will post 2.63 EPS for the current fiscal year.

Hedge Funds Weigh In On Centrus Energy

Institutional investors have recently made changes to their positions in the stock. Baader Bank Aktiengesellschaft acquired a new position in shares of Centrus Energy in the second quarter worth $1,302,000. Dynamic Technology Lab Private Ltd acquired a new position in Centrus Energy in the first quarter valued at $625,000. GAMMA Investing LLC increased its stake in Centrus Energy by 8,075.0% in the first quarter. GAMMA Investing LLC now owns 12,753 shares of the company’s stock valued at $793,000 after purchasing an additional 12,597 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Centrus Energy by 380.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,449 shares of the company’s stock valued at $401,000 after purchasing an additional 5,108 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in Centrus Energy by 35.2% in the second quarter. Exchange Traded Concepts LLC now owns 73,112 shares of the company’s stock valued at $13,393,000 after purchasing an additional 19,051 shares during the last quarter. 49.96% of the stock is owned by institutional investors and hedge funds.

Centrus Energy Company Profile

Centrus Energy Corp. supplies nuclear fuel components and services for the nuclear power industry in the United States, Belgium, Japan, and internationally. The company operates through two segments, Low-Enriched Uranium (LEU) and Technical Solutions. The LEU segment sells separative work units (SWU) components of LEU; natural uranium hexafluoride, uranium concentrates, and uranium conversion; and enriched uranium products to utilities that operate nuclear power plants.