Brokerages Set Centrus Energy Corp. (NYSE:LEU) Price Target at $265.91

Shares of Centrus Energy Corp. (NYSE:LEU) have received an average rating of “Moderate Buy” from the fourteen brokerages that are covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $271.1818.

Several research firms have recently issued reports on LEU. Weiss Ratings downgraded Centrus Energy from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Roth Mkm cut their price target on Centrus Energy from $230.00 to $195.00 and set a “neutral” rating for the company in a research note on Monday, June 22nd. UBS Group cut their price target on Centrus Energy from $195.00 to $170.00 and set a “neutral” rating for the company in a research note on Tuesday, June 16th. Citigroup cut their price target on Centrus Energy from $224.00 to $218.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. Finally, Zacks Research raised Centrus Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th.

Centrus Energy Price Performance

Centrus Energy stock opened at $165.39 on Monday. Centrus Energy has a one year low of $144.65 and a one year high of $464.25. The company has a debt-to-equity ratio of 1.52, a quick ratio of 4.88 and a current ratio of 5.72. The business has a fifty day moving average of $187.16 and a two-hundred day moving average of $219.37. The company has a market cap of $3.25 billion, a P/E ratio of 54.76, a price-to-earnings-growth ratio of 20.22 and a beta of 1.34.

Centrus Energy (NYSE:LEU) last released its earnings results on Tuesday, May 5th. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.72. Centrus Energy had a return on equity of 13.10% and a net margin of 13.40%.The company had revenue of $76.70 million during the quarter, compared to the consensus estimate of $76.13 million. During the same quarter last year, the company earned $1.60 earnings per share. Centrus Energy’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, analysts predict that Centrus Energy will post 2.74 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Todd M. Tinelli sold 306 shares of Centrus Energy stock in a transaction on Monday, May 11th. The stock was sold at an average price of $203.55, for a total transaction of $62,286.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.72% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in LEU. Comerica Bank raised its stake in shares of Centrus Energy by 589.5% during the 1st quarter. Comerica Bank now owns 655 shares of the company’s stock worth $41,000 after buying an additional 560 shares during the last quarter. Royal Bank of Canada increased its position in Centrus Energy by 57.6% during the 1st 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Centrus Energy by 45.6% during the 1st 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 in the last quarter. Creative Planning purchased a new stake in Centrus Energy during the 2nd quarter worth about $435,000. Finally, JPMorgan Chase & Co. increased its position in Centrus Energy by 12.1% during 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 in the last quarter. Institutional investors and hedge funds 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.