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

Centrus Energy Corp. (NYSE:LEU) has earned a consensus recommendation of “Moderate Buy” from the fifteen research firms that are covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $252.9167.

Several equities research analysts have issued reports on LEU shares. Stifel Nicolaus set a $246.00 price target on shares of Centrus Energy in a research note on Thursday. Weiss Ratings restated a “hold (c)” rating on shares of Centrus Energy in a report on Monday, December 29th. Needham & Company LLC reissued a “buy” rating and issued a $357.00 target price on shares of Centrus Energy in a research note on Monday, December 22nd. UBS Group set a $245.00 price target on Centrus Energy in a research report on Tuesday, November 25th. Finally, Northland Securities set a $285.00 price objective on shares of Centrus Energy in a research report on Thursday.

Institutional Trading of Centrus Energy

Hedge funds have recently bought and sold shares of the company. 360 Financial Inc. acquired a new stake in Centrus Energy in the second quarter valued at approximately $220,000. TB Alternative Assets Ltd. increased its stake in shares of Centrus Energy by 125.1% during the 3rd quarter. TB Alternative Assets Ltd. now owns 93,888 shares of the company’s stock worth $29,112,000 after purchasing an additional 52,181 shares during the last quarter. Moody Aldrich Partners LLC bought a new position in shares of Centrus Energy during the 3rd quarter valued at $3,024,000. Whalen Wealth Management Inc. acquired a new stake in shares of Centrus Energy in the 2nd quarter valued at $230,000. Finally, Nordea Investment Management AB bought a new stake in Centrus Energy in the third quarter worth $5,427,000. 49.96% of the stock is currently owned by institutional investors.

Centrus Energy Trading Up 7.2%

LEU opened at $198.59 on Tuesday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 4.83 and a current ratio of 5.59. The stock has a market capitalization of $3.62 billion, a PE ratio of 47.62 and a beta of 1.21. The business’s 50 day moving average price is $271.13 and its 200 day moving average price is $273.48. Centrus Energy has a one year low of $49.40 and a one year high of $464.25.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $1.42 by ($0.63). The business had revenue of $146.20 million during the quarter, compared to analysts’ expectations of $145.40 million. Centrus Energy had a net margin of 17.34% and a return on equity of 15.52%. Centrus Energy’s revenue for the quarter was down 3.6% compared to the same quarter last year. As a group, equities research analysts expect that Centrus Energy will post 2.63 EPS for the current year.

About Centrus Energy

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.