Centrus Energy (NYSE:LEU) Receives Outperform Rating from Evercore ISI

Evercore ISI reaffirmed their outperform rating on shares of Centrus Energy (NYSE:LEU) in a research note released on Wednesday morning, Marketbeat.com reports. The firm currently has a $205.00 target price on the stock, up from their previous target price of $145.00.

LEU has been the topic of a number of other research reports. William Blair began coverage on Centrus Energy in a report on Wednesday, May 28th. They issued an “outperform” rating on the stock. Craig Hallum began coverage on shares of Centrus Energy in a research report on Tuesday, April 1st. They issued a “buy” rating and a $129.00 target price for the company. Citigroup started coverage on shares of Centrus Energy in a research note on Tuesday, March 4th. They issued a “neutral” rating and a $104.00 price target on the stock. HC Wainwright assumed coverage on shares of Centrus Energy in a research report on Tuesday, February 25th. They set a “buy” rating and a $300.00 price target on the stock. Finally, Bank of America began coverage on shares of Centrus Energy in a research note on Wednesday, June 4th. They set a “buy” rating and a $160.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, Centrus Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.57.

Centrus Energy Trading Up 5.0%

LEU stock opened at $190.04 on Wednesday. Centrus Energy has a 12-month low of $33.51 and a 12-month high of $211.31. The business’s 50-day moving average is $104.40 and its 200 day moving average is $87.72. The company has a current ratio of 2.93, a quick ratio of 2.46 and a debt-to-equity ratio of 3.09. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 43.09 and a beta of 1.37.

Centrus Energy (NYSE:LEU) last released its earnings results on Wednesday, May 7th. The company reported $1.60 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $1.68. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%. The business’s revenue for the quarter was up 67.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.38) EPS. On average, sell-side analysts anticipate that Centrus Energy will post 2.63 EPS for the current fiscal year.

Insiders Place Their Bets

In other Centrus Energy news, SVP John M. A. Donelson sold 3,732 shares of the business’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $96.31, for a total value of $359,428.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kevin J. Harrill sold 1,728 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $126.00, for a total transaction of $217,728.00. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Rhumbline Advisers increased its stake in Centrus Energy by 2.1% during the first quarter. Rhumbline Advisers now owns 21,870 shares of the company’s stock worth $1,361,000 after acquiring an additional 441 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of 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 during the period. Cape Investment Advisory Inc. increased its position in shares of Centrus Energy by 125.0% during the 1st quarter. Cape Investment Advisory Inc. now owns 900 shares of the company’s stock worth $56,000 after purchasing an additional 500 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Centrus Energy in the 1st quarter valued at about $625,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Centrus Energy by 3.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,011,978 shares of the company’s stock valued at $62,955,000 after buying an additional 32,002 shares during the last quarter. 49.96% of the stock is currently owned by institutional investors and hedge funds.

About Centrus Energy

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.