Centrus Energy (NYSE:LEU) Trading 7.2% Higher – What’s Next?

Centrus Energy Corp. (NYSE:LEU) rose 7.2% during mid-day trading on Wednesday . The company traded as high as $266.99 and last traded at $263.8220. Approximately 856,072 shares were traded during trading, a decline of 26% from the average daily volume of 1,157,066 shares. The stock had previously closed at $246.08.

Analyst Ratings Changes

Several analysts have issued reports on the company. HC Wainwright restated a “buy” rating and set a $300.00 price objective on shares of Centrus Energy in a report on Tuesday, August 26th. JPMorgan Chase & Co. dropped their price target on shares of Centrus Energy from $275.00 to $245.00 and set a “neutral” rating on the stock in a research note on Friday, November 7th. Bank of America reissued a “neutral” rating and set a $285.00 price objective (up previously from $210.00) on shares of Centrus Energy in a research report on Thursday, August 7th. Northland Securities set a $275.00 target price on Centrus Energy in a research report on Thursday, August 7th. Finally, Evercore ISI lifted their price target on Centrus Energy from $251.00 to $252.00 and gave the company an “outperform” rating in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $224.60.

Centrus Energy Stock Performance

The company has a market cap of $4.75 billion, a price-to-earnings ratio of 59.68 and a beta of 1.56. The company has a debt-to-equity ratio of 3.09, a current ratio of 2.93 and a quick ratio of 2.46. The firm has a fifty day simple moving average of $320.48 and a 200 day simple moving average of $224.81.

Centrus Energy (NYSE:LEU) last posted 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 84.09% and a net margin of 16.56%.During the same quarter in the prior year, the company earned ($0.30) EPS. The company’s quarterly revenue was up 29.8% on a year-over-year basis. On average, sell-side analysts expect that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Centrus Energy

A number of institutional investors and hedge funds have recently bought and sold shares of LEU. Danske Bank A S bought a new position in shares of Centrus Energy during the 3rd quarter worth about $62,000. Advisory Services Network LLC acquired a new stake in Centrus Energy during the third quarter worth about $162,000. Tcfg Wealth Management LLC bought a new position in Centrus Energy during the third quarter valued at about $1,192,000. Fulcrum Asset Management LLP acquired a new position in Centrus Energy in the 3rd quarter valued at approximately $34,000. Finally, Harvest Investment Services LLC bought a new stake in shares of Centrus Energy in the 3rd quarter worth approximately $2,904,000. Institutional investors own 49.96% of the company’s stock.

Centrus Energy Company Profile

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.