Centrus Energy (NYSE:LEU) Stock Price Up 8.7% – What’s Next?

Centrus Energy Corp. (NYSE:LEU) was up 8.7% during trading on Monday . The stock traded as high as $179.82 and last traded at $176.2150. Approximately 355,104 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 990,237 shares. The stock had previously closed at $162.13.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LEU. Weiss Ratings downgraded shares of Centrus Energy from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Roth Mkm cut their price target on shares of Centrus Energy from $230.00 to $195.00 and set a “neutral” rating for the company in a research note on Monday, June 22nd. Citigroup lowered their price objective on shares of Centrus Energy from $224.00 to $218.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. B. Riley Financial dropped their target price on shares of Centrus Energy from $315.00 to $295.00 and set a “buy” rating on the stock in a report on Friday, April 24th. Finally, Zacks Research upgraded shares of Centrus Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $271.18.

Centrus Energy Stock Performance

The stock has a market capitalization of $3.45 billion, a P/E ratio of 58.17, a PEG ratio of 19.81 and a beta of 1.35. The stock’s 50-day simple moving average is $183.26 and its 200 day simple moving average is $216.11. The company has a debt-to-equity ratio of 1.52, a current ratio of 5.72 and a quick ratio of 4.88.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.72. The company had revenue of $76.70 million for the quarter, compared to analyst estimates of $76.13 million. Centrus Energy had a net margin of 13.40% and a return on equity of 13.10%. The company’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.60 earnings per share. Research analysts expect that Centrus Energy Corp. will post 2.74 EPS for the current fiscal year.

Insider Transactions at Centrus Energy

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

Hedge Funds Weigh In On Centrus Energy

A number of large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its stake in Centrus Energy by 11.0% in the 4th quarter. Farther Finance Advisors LLC now owns 363 shares of the company’s stock valued at $88,000 after purchasing an additional 36 shares during the period. Prospera Financial Services Inc lifted its holdings in shares of Centrus Energy by 3.1% during the fourth quarter. Prospera Financial Services Inc now owns 1,340 shares of the company’s stock worth $325,000 after buying an additional 40 shares in the last quarter. IFP Advisors Inc lifted its holdings 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 buying an additional 41 shares in the last quarter. Allworth Financial LP boosted its position in shares of Centrus Energy by 23.2% in the third quarter. Allworth Financial LP now owns 239 shares of the company’s stock valued at $74,000 after acquiring an additional 45 shares during the period. Finally, Lido Advisors LLC boosted its position in shares of Centrus Energy by 4.2% in the third quarter. Lido Advisors LLC now owns 1,138 shares of the company’s stock valued at $353,000 after acquiring an additional 46 shares during the period. 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.