Centrus Energy Corp. (NYSE:LEU) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Centrus Energy Corp. (NYSE:LEU) have earned a consensus rating of “Moderate Buy” from the sixteen analysts that are covering the stock, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $236.7857.

Several research analysts have weighed in on LEU shares. Stifel Nicolaus lowered their price target on Centrus Energy from $246.00 to $216.00 and set a “buy” rating on the stock in a research report on Tuesday, August 25th. Needham & Company LLC decreased their target price on shares of Centrus Energy from $264.00 to $262.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Barclays started coverage on shares of Centrus Energy in a report on Tuesday, August 18th. They set an “equal weight” rating and a $207.00 target price on the stock. Zacks Research raised shares of Centrus Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Finally, Jefferies Financial Group began coverage on shares of Centrus Energy in a research report on Thursday. They issued a “hold” rating and a $169.00 price objective for the company.

Centrus Energy Trading Up 1.6%

Centrus Energy stock opened at $173.12 on Friday. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 78.69, a P/E/G ratio of 21.98 and a beta of 1.33. The firm has a 50-day moving average of $174.28 and a 200-day moving average of $185.36. The company has a debt-to-equity ratio of 1.39, a current ratio of 5.39 and a quick ratio of 4.52. Centrus Energy has a one year low of $142.13 and a one year high of $464.25.

Centrus Energy (NYSE:LEU) last released its earnings results on Wednesday, August 5th. The company reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $1.03. Centrus Energy had a return on equity of 7.06% and a net margin of 10.23%.The business had revenue of $176.10 million for the quarter. During the same period in the prior year, the firm posted $1.59 EPS. Centrus Energy’s revenue was up 14.0% compared to the same quarter last year. On average, equities analysts expect that Centrus Energy will post 2.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Centrus Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System lifted its holdings in Centrus Energy by 18,161.4% during the second quarter. California State Teachers Retirement System now owns 3,580,331 shares of the company’s stock valued at $601,030,000 after purchasing an additional 3,560,725 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Centrus Energy by 126.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 371,822 shares of the company’s stock worth $90,265,000 after purchasing an additional 207,316 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Centrus Energy by 43.3% in the fourth quarter. Bank of New York Mellon Corp now owns 473,145 shares of the company’s stock worth $114,861,000 after purchasing an additional 143,069 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Centrus Energy by 14.7% in the fourth quarter. Van ECK Associates Corp now owns 895,867 shares of the company’s stock valued at $217,481,000 after purchasing an additional 114,881 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Centrus Energy by 217.4% during the 1st quarter. Renaissance Technologies LLC now owns 160,542 shares of the company’s stock valued at $27,868,000 after buying an additional 109,960 shares in the last quarter. 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.