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

Shares of Centrus Energy Corp. (NYSE:LEU) have earned an average rating of “Moderate Buy” from the fourteen research firms that are currently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $270.6364.

Several research analysts recently issued reports on LEU shares. Zacks Research lowered shares of Centrus Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Needham & Company LLC reiterated a “buy” rating and issued a $357.00 price target on shares of Centrus Energy in a research note on Monday, December 22nd. Roth Mkm restated a “neutral” rating and set a $137.00 price objective on shares of Centrus Energy in a research note on Wednesday, February 11th. JPMorgan Chase & Co. reduced their price objective on shares of Centrus Energy from $245.00 to $242.00 and set a “neutral” rating for the company in a research note on Thursday, February 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Centrus Energy in a research note on Friday, March 27th.

Centrus Energy Stock Down 5.5%

Shares of Centrus Energy stock opened at $173.52 on Wednesday. The company has a debt-to-equity ratio of 1.54, a current ratio of 5.59 and a quick ratio of 4.83. The company has a 50-day moving average of $213.09 and a 200 day moving average of $270.15. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of 41.61 and a beta of 1.35. Centrus Energy has a 1 year low of $53.75 and a 1 year high of $464.25.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $0.79 earnings per share (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 the consensus estimate of $145.40 million. Centrus Energy had a return on equity of 15.52% and a net margin of 17.34%.The company’s revenue for the quarter was down 3.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Centrus Energy will post 2.63 earnings per share for the current fiscal year.

Institutional Trading of Centrus Energy

A number of institutional investors and hedge funds have recently bought and sold shares of LEU. Price T Rowe Associates Inc. MD increased its stake in Centrus Energy by 126.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 371,822 shares of the company’s stock valued at $90,265,000 after purchasing an additional 207,316 shares in the last quarter. American Century Companies Inc. increased its stake in Centrus Energy by 78.8% during the 3rd 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 in the last quarter. Van ECK Associates Corp increased 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 in the last quarter. Bank of New York Mellon Corp increased its stake in Centrus Energy by 43.3% during the 4th quarter. Bank of New York Mellon Corp now owns 473,145 shares of the company’s stock valued at $114,861,000 after purchasing an additional 143,069 shares in the last quarter. Finally, Man Group plc increased its stake in Centrus Energy by 2,303.8% during the 4th quarter. Man Group plc now owns 114,037 shares of the company’s stock valued at $27,684,000 after purchasing an additional 109,293 shares in the last quarter. 49.96% of the stock is currently owned by institutional investors.

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.