Centrus Energy Corp. (NYSE:LEU) Receives $202.09 Average Price Target from Brokerages

Shares of Centrus Energy Corp. (NYSE:LEU) have received an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $202.0909.

A number of research analysts have commented on the company. William Blair reaffirmed an “outperform” rating on shares of Centrus Energy in a research report on Wednesday, July 9th. JPMorgan Chase & Co. upped their price target on Centrus Energy from $150.00 to $164.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. UBS Group raised Centrus Energy to a “hold” rating and set a $215.00 price target for the company in a research report on Monday, July 21st. Bank of America reaffirmed a “neutral” rating and set a $285.00 price target (up previously from $210.00) on shares of Centrus Energy in a research report on Thursday, August 7th. Finally, Northland Securities set a $275.00 target price on Centrus Energy in a report on Thursday, August 7th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in LEU. Stone House Investment Management LLC purchased a new position in shares of Centrus Energy during the 1st quarter worth approximately $28,000. Nisa Investment Advisors LLC grew its holdings in shares of Centrus Energy by 157.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 183 shares of the company’s stock worth $34,000 after acquiring an additional 112 shares during the period. USA Financial Formulas purchased a new position in shares of Centrus Energy during the 2nd quarter worth approximately $35,000. Harbour Investments Inc. grew its holdings in shares of Centrus Energy by 1,181.3% during the 2nd quarter. Harbour Investments Inc. now owns 205 shares of the company’s stock worth $38,000 after acquiring an additional 189 shares during the period. Finally, Mather Group LLC. purchased a new position in shares of Centrus Energy during the 3rd quarter worth approximately $41,000. Hedge funds and other institutional investors own 49.96% of the company’s stock.

Centrus Energy Trading Down 5.7%

NYSE LEU opened at $377.01 on Wednesday. The stock has a 50-day moving average of $271.87 and a 200-day moving average of $187.86. The firm has a market cap of $6.86 billion, a PE ratio of 85.49 and a beta of 1.51. The company has a current ratio of 2.93, a quick ratio of 2.46 and a debt-to-equity ratio of 3.09. Centrus Energy has a 1-year low of $49.40 and a 1-year high of $464.25.

Centrus Energy (NYSE:LEU) last released its quarterly earnings results on Tuesday, August 5th. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $1.01. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%.Centrus Energy’s quarterly revenue was down 18.3% on a year-over-year basis. During the same quarter last year, the business posted $1.89 earnings per share. As a group, sell-side analysts forecast that Centrus Energy will post 2.63 EPS for the current 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.