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

Centrus Energy Corp. (NYSE:LEU) has received a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $247.9091.

A number of equities analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Centrus Energy in a report on Monday, December 29th. B. Riley increased their price objective on Centrus Energy from $221.00 to $315.00 and gave the stock a “buy” rating in a research report on Monday, December 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $357.00 target price on shares of Centrus Energy in a research note on Monday, December 22nd. UBS Group set a $245.00 price target on Centrus Energy in a research note on Tuesday, November 25th. Finally, JPMorgan Chase & Co. decreased their price target on Centrus Energy from $275.00 to $245.00 and set a “neutral” rating for the company in a report on Friday, November 7th.

Institutional Trading of Centrus Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the company. IFP Advisors Inc increased its stake in shares of Centrus Energy by 38.3% during the third quarter. IFP Advisors Inc now owns 148 shares of the company’s stock worth $46,000 after acquiring an additional 41 shares during the period. Farther Finance Advisors LLC boosted its holdings in Centrus Energy by 15.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 327 shares of the company’s stock valued at $101,000 after purchasing an additional 43 shares in the last quarter. Rothschild Investment LLC increased its position in Centrus Energy by 54.9% during the 3rd quarter. Rothschild Investment LLC now owns 127 shares of the company’s stock worth $39,000 after purchasing an additional 45 shares during the period. Allworth Financial LP raised its stake in shares of Centrus Energy by 23.2% during the 3rd quarter. Allworth Financial LP now owns 239 shares of the company’s stock worth $74,000 after buying an additional 45 shares in the last quarter. Finally, Lido Advisors LLC raised its stake in shares of Centrus Energy by 4.2% during the 3rd quarter. Lido Advisors LLC now owns 1,138 shares of the company’s stock worth $353,000 after buying an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 49.96% of the company’s stock.

Centrus Energy Stock Up 12.2%

LEU stock opened at $272.33 on Monday. The company has a market cap of $4.96 billion, a price-to-earnings ratio of 41.39 and a beta of 1.24. The company has a fifty day moving average price of $273.24 and a 200 day moving average price of $256.04. The company has a debt-to-equity ratio of 3.23, a current ratio of 3.46 and a quick ratio of 2.79. Centrus Energy has a 12 month low of $49.40 and a 12 month high of $464.25.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.17). Centrus Energy had a return on equity of 37.14% and a net margin of 25.04%.During the same quarter in the previous year, the company earned ($0.30) EPS. The business’s revenue for the quarter was up 29.8% on a year-over-year basis. Sell-side analysts expect that Centrus Energy will post 2.63 earnings per share for the current year.

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.