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

Centrus Energy Corp. (NYSE:LEU) has received an average rating of “Moderate Buy” from the fourteen analysts that are covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $247.9091.

LEU has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Centrus Energy in a research report on Tuesday, December 23rd. UBS Group set a $245.00 target price on Centrus Energy in a research report on Tuesday, November 25th. JPMorgan Chase & Co. decreased their price target on Centrus Energy from $275.00 to $245.00 and set a “neutral” rating for the company in a research note on Friday, November 7th. B. Riley boosted their price target on Centrus Energy from $221.00 to $315.00 and gave the stock a “buy” rating in a research note on Monday, December 22nd. Finally, Needham & Company LLC restated a “buy” rating and set a $357.00 price objective on shares of Centrus Energy in a report on Monday, December 22nd.

Centrus Energy Stock Performance

Shares of Centrus Energy stock opened at $254.81 on Monday. The company has a market capitalization of $4.64 billion, a PE ratio of 38.73 and a beta of 1.33. The company has a 50-day simple moving average of $284.55 and a two-hundred day simple moving average of $253.16. Centrus Energy has a one year low of $49.40 and a one year high of $464.25. The company has a debt-to-equity ratio of 3.23, a quick ratio of 2.79 and a current ratio of 3.46.

Centrus Energy (NYSE:LEU) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.17). Centrus Energy had a net margin of 25.04% and a return on equity of 37.14%. The business’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.30) earnings per share. Research analysts expect that Centrus Energy will post 2.63 EPS for the current fiscal year.

Institutional Investors Weigh In On Centrus Energy

Several institutional investors and hedge funds have recently made changes to their positions in LEU. Vanguard Group Inc. increased its position in shares of Centrus Energy by 8.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,072,118 shares of the company’s stock valued at $332,432,000 after acquiring an additional 86,509 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake 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 last quarter. Van ECK Associates Corp grew its stake in Centrus Energy by 25.9% during the 3rd quarter. Van ECK Associates Corp now owns 780,986 shares of the company’s stock valued at $242,161,000 after purchasing an additional 160,482 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Centrus Energy by 78.8% in the third quarter. American Century Companies Inc. now owns 442,261 shares of the company’s stock valued at $137,132,000 after purchasing an additional 194,909 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Centrus Energy by 3.0% in the third quarter. Dimensional Fund Advisors LP now owns 358,799 shares of the company’s stock worth $111,260,000 after purchasing an additional 10,333 shares during the last quarter. 49.96% of the stock is currently owned by institutional investors and hedge funds.

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.