Centrus Energy (NYSE:LEU) Trading Up 3% Following Analyst Upgrade

Centrus Energy Corp. (NYSE:LEU)’s stock price traded up 3% during trading on Wednesday after Evercore ISI raised their price target on the stock from $145.00 to $205.00. Evercore ISI currently has an outperform rating on the stock. Centrus Energy traded as high as $179.38 and last traded at $178.22. 366,759 shares changed hands during trading, a decline of 59% from the average session volume of 884,131 shares. The stock had previously closed at $173.03.

LEU has been the topic of several other reports. William Blair assumed coverage on Centrus Energy in a report on Wednesday, May 28th. They set an “outperform” rating on the stock. Bank of America assumed coverage on Centrus Energy in a report on Wednesday, June 4th. They set a “buy” rating and a $160.00 price objective on the stock. Citigroup assumed coverage on Centrus Energy in a report on Tuesday, March 4th. They set a “neutral” rating and a $104.00 price objective on the stock. HC Wainwright assumed coverage on Centrus Energy in a report on Tuesday, February 25th. They set a “buy” rating and a $300.00 price objective on the stock. Finally, Craig Hallum assumed coverage on Centrus Energy in a report on Tuesday, April 1st. They set a “buy” rating and a $129.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $154.57.

Insider Transactions at Centrus Energy

In related news, CFO Kevin J. Harrill sold 1,728 shares of the business’s stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $126.00, for a total transaction of $217,728.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John M. A. Donelson sold 3,732 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $96.31, for a total value of $359,428.92. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers boosted its position in Centrus Energy by 2.1% during the 1st quarter. Rhumbline Advisers now owns 21,870 shares of the company’s stock valued at $1,361,000 after purchasing an additional 441 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Centrus Energy by 45.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 54,315 shares of the company’s stock valued at $3,379,000 after purchasing an additional 17,014 shares during the period. Cape Investment Advisory Inc. boosted its position in Centrus Energy by 125.0% during the 1st quarter. Cape Investment Advisory Inc. now owns 900 shares of the company’s stock valued at $56,000 after purchasing an additional 500 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Centrus Energy during the 1st quarter valued at approximately $625,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Centrus Energy by 3.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,011,978 shares of the company’s stock valued at $62,955,000 after purchasing an additional 32,002 shares during the period. Institutional investors and hedge funds own 49.96% of the company’s stock.

Centrus Energy Stock Up 4.6%

The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 41.03 and a beta of 1.37. The company has a current ratio of 2.93, a quick ratio of 2.46 and a debt-to-equity ratio of 3.09. The stock has a 50-day moving average of $99.65 and a 200-day moving average of $86.39.

Centrus Energy (NYSE:LEU) last released its quarterly earnings data on Wednesday, May 7th. The company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $1.68. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%. During the same quarter last year, the company posted ($0.38) earnings per share. The firm’s revenue was up 67.3% on a year-over-year basis. As a group, sell-side analysts forecast that Centrus Energy Corp. will post 2.63 EPS for the current fiscal year.

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.