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

Shares of Centrus Energy Corp. (NYSE:LEU) have received an average rating of “Moderate Buy” from the sixteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $236.7857.

A number of analysts have recently weighed in on the company. Stifel Nicolaus lowered their target price on Centrus Energy from $246.00 to $216.00 and set a “buy” rating for the company in a research note on Tuesday, August 25th. JPMorgan Chase & Co. increased their price objective on shares of Centrus Energy from $178.00 to $180.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Jefferies Financial Group assumed coverage on Centrus Energy in a research note on Thursday. They issued a “hold” rating and a $169.00 target price for the company. Barclays assumed coverage on Centrus Energy in a research report on Tuesday, August 18th. They set an “equal weight” rating and a $207.00 target price for the company. Finally, Needham & Company LLC cut their price target on Centrus Energy from $264.00 to $262.00 and set a “buy” rating on the stock in a research note on Friday, August 7th.

Centrus Energy Stock Performance

NYSE LEU opened at $173.12 on Friday. Centrus Energy has a twelve month low of $142.13 and a twelve month high of $464.25. The company has a quick ratio of 4.52, a current ratio of 5.39 and a debt-to-equity ratio of 1.39. The stock has a market cap of $3.45 billion, a P/E ratio of 78.69, a PEG ratio of 21.98 and a beta of 1.33. The company’s 50-day simple moving average is $174.28 and its 200 day simple moving average is $185.36.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $1.03. The firm had revenue of $176.10 million during the quarter. Centrus Energy had a net margin of 10.23% and a return on equity of 7.06%. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.59 EPS. As a group, research analysts forecast that Centrus Energy will post 2.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Vermillion Wealth Management Inc. grew its holdings in shares of Centrus Energy by 5,000.0% during the fourth quarter. Vermillion Wealth Management Inc. now owns 102 shares of the company’s stock worth $25,000 after buying an additional 100 shares in the last quarter. Western Wealth Management LLC acquired a new stake in Centrus Energy in the 1st quarter valued at approximately $31,000. Fulcrum Asset Management LLP bought a new stake in Centrus Energy in the 3rd quarter valued at approximately $34,000. Leonteq Securities AG acquired a new position in Centrus Energy during the 1st quarter worth approximately $35,000. Finally, Hilton Head Capital Partners LLC acquired a new position in Centrus Energy during the 4th quarter worth approximately $36,000. 49.96% of the stock is currently owned by institutional investors and hedge funds.

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.