Analysts Set Centrus Energy Corp. (NYSE:LEU) Target Price at $265.91

Centrus Energy Corp. (NYSE:LEU) has received a consensus rating of “Moderate Buy” from the fourteen research firms that are covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $271.1818.

A number of equities research analysts have commented on LEU shares. Weiss Ratings downgraded shares of Centrus Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. UBS Group cut their target price on shares of Centrus Energy from $195.00 to $170.00 and set a “neutral” rating for the company in a research report on Tuesday, June 16th. Zacks Research raised shares of Centrus Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Citigroup cut their price objective on shares of Centrus Energy from $224.00 to $218.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Finally, B. Riley Financial cut their price objective on shares of Centrus Energy from $315.00 to $295.00 and set a “buy” rating for the company in a research report on Friday, April 24th.

Insider Activity

In other news, CFO Todd M. Tinelli sold 306 shares of the business’s stock in a transaction 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 accessible through this hyperlink. 0.72% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Centrus Energy

A number of hedge funds have recently modified their holdings of the business. Parallel Advisors LLC grew its position in shares of Centrus Energy by 38.5% during the 1st quarter. Parallel Advisors LLC now owns 338 shares of the company’s stock valued at $59,000 after acquiring an additional 94 shares during the period. Glenmede Trust Co. NA grew its position in shares of Centrus Energy by 98.4% during the 1st quarter. Glenmede Trust Co. NA now owns 2,877 shares of the company’s stock valued at $499,000 after acquiring an additional 1,427 shares during the period. Vestor Capital LLC bought a new stake in shares of Centrus Energy during the 1st quarter valued at $55,000. Western Wealth Management LLC bought a new stake in shares of Centrus Energy during the 1st quarter valued at $31,000. Finally, Altshuler Shaham Ltd grew its position in shares of Centrus Energy by 11.8% during the 1st quarter. Altshuler Shaham Ltd now owns 3,004 shares of the company’s stock valued at $521,000 after acquiring an additional 316 shares during the period. Institutional investors own 49.96% of the company’s stock.

Centrus Energy Trading Down 2.9%

NYSE:LEU opened at $165.39 on Monday. The company has a current ratio of 5.72, a quick ratio of 4.88 and a debt-to-equity ratio of 1.52. Centrus Energy has a 12 month low of $144.65 and a 12 month high of $464.25. The company has a market cap of $3.25 billion, a PE ratio of 54.76, a price-to-earnings-growth ratio of 20.82 and a beta of 1.34. The company has a 50 day simple moving average of $187.16 and a two-hundred day simple moving average of $219.71.

Centrus Energy (NYSE:LEU) last posted its earnings results on Tuesday, May 5th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.72. Centrus Energy had a net margin of 13.40% and a return on equity of 13.10%. The business had revenue of $76.70 million during the quarter, compared to the consensus estimate of $76.13 million. During the same quarter in the previous year, the firm posted $1.60 EPS. The firm’s revenue was up 4.9% on a year-over-year basis. Research analysts forecast that Centrus Energy will post 2.74 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.