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

Shares of Centrus Energy Corp. (NYSE:LEU) have earned an average rating of “Moderate Buy” from the fourteen analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, six 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 ratings on the stock in the last year is $268.8182.

Several equities analysts recently issued reports on the company. Zacks Research cut Centrus Energy from a “hold” rating to a “strong sell” rating in a research report on Friday, April 17th. Citigroup reduced their target price on Centrus Energy from $292.00 to $225.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. UBS Group decreased their price target on Centrus Energy from $245.00 to $195.00 and set a “neutral” rating for the company in a research note on Thursday, March 5th. Northland Securities set a $285.00 price target on Centrus Energy in a report on Thursday, February 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Centrus Energy in a research report on Friday, March 27th.

Centrus Energy Stock Down 2.2%

NYSE:LEU opened at $206.35 on Friday. 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 firm has a market cap of $4.06 billion, a P/E ratio of 49.48 and a beta of 1.43. Centrus Energy has a fifty-two week low of $70.43 and a fifty-two week high of $464.25. The firm has a 50-day simple moving average of $197.83 and a two-hundred day simple moving average of $254.49.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.63). The firm had revenue of $146.20 million for 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%. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. Analysts predict that Centrus Energy will post 2.96 earnings per share for the current fiscal year.

Institutional Trading of Centrus Energy

Institutional investors have recently made changes to their positions in the stock. Comerica Bank raised its holdings in shares of Centrus Energy by 589.5% during the first quarter. Comerica Bank now owns 655 shares of the company’s stock valued at $41,000 after purchasing an additional 560 shares during the last quarter. Royal Bank of Canada boosted its holdings in Centrus Energy by 57.6% in the first quarter. Royal Bank of Canada now owns 17,266 shares of the company’s stock worth $1,074,000 after purchasing an additional 6,312 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Centrus Energy by 45.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 54,315 shares of the company’s stock worth $3,379,000 after purchasing an additional 17,014 shares during the last quarter. Creative Planning bought a new stake in Centrus Energy in the 2nd quarter worth approximately $435,000. Finally, JPMorgan Chase & Co. grew its position in Centrus Energy by 12.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,497 shares of the company’s stock worth $1,556,000 after purchasing an additional 917 shares during the period. Hedge funds and other institutional investors own 49.96% of the company’s stock.

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.