Brokerages Set Centrus Energy Corp. (NYSE:LEU) PT at $178.64

Shares of Centrus Energy Corp. (NYSE:LEU) have received an average rating of “Moderate Buy” from the fourteen ratings firms that are covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $191.4545.

A number of analysts have issued reports on LEU shares. UBS Group upgraded shares of Centrus Energy to a “hold” rating and set a $215.00 price target on the stock in a research note on Monday, July 21st. Bank of America reaffirmed a “neutral” rating and set a $285.00 target price (up from $210.00) on shares of Centrus Energy in a research note on Thursday. Northland Capmk raised shares of Centrus Energy to a “strong-buy” rating in a research report on Monday, July 7th. William Blair restated an “outperform” rating on shares of Centrus Energy in a research note on Wednesday, July 9th. Finally, Northland Securities assumed coverage on Centrus Energy in a research note on Monday, July 7th. They issued an “outperform” rating and a $205.00 price objective on the stock.

Centrus Energy Stock Up 1.1%

NYSE:LEU opened at $234.94 on Friday. Centrus Energy has a 52 week low of $34.91 and a 52 week high of $264.90. The stock’s fifty day moving average is $189.98 and its two-hundred day moving average is $119.93. The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of 53.27 and a beta of 1.35. The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $1.01. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%. During the same period in the prior year, the firm posted $1.89 EPS. Centrus Energy’s revenue for the quarter was down 18.3% compared to the same quarter last year. Research analysts anticipate that Centrus Energy will post 2.63 EPS for the current year.

Insider Buying and Selling

In other news, SVP John M. A. Donelson sold 3,732 shares of the company’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $96.31, for a total value of $359,428.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kevin J. Harrill sold 1,728 shares of Centrus Energy stock in a transaction on Friday, May 30th. The stock was 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.

Hedge Funds Weigh In On Centrus Energy

Several large investors have recently bought and sold shares of LEU. Wellington Management Group LLP purchased a new stake in shares of Centrus Energy in the 4th quarter valued at about $3,474,000. GAMMA Investing LLC increased its position in Centrus Energy by 8,075.0% during the first quarter. GAMMA Investing LLC now owns 12,753 shares of the company’s stock worth $793,000 after buying an additional 12,597 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Centrus Energy by 380.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,449 shares of the company’s stock valued at $401,000 after buying an additional 5,108 shares during the last quarter. KBC Group NV acquired a new stake in shares of Centrus Energy in the first quarter valued at approximately $53,000. Finally, Teacher Retirement System of Texas boosted its holdings in shares of Centrus Energy by 21.1% in the first quarter. Teacher Retirement System of Texas now owns 13,913 shares of the company’s stock valued at $866,000 after acquiring an additional 2,422 shares during the period. Institutional investors and hedge funds 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.