Centrus Energy (NYSE:LEU) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Centrus Energy (NYSE:LEU) from a strong sell rating to a hold rating in a research note published on Monday morning,Zacks.com reports.

Other equities analysts have also recently issued reports about the stock. B. Riley Financial decreased their target price on shares of Centrus Energy from $315.00 to $295.00 and set a “buy” rating for the company in a research note on Friday, April 24th. Northland Securities set a $285.00 target price on shares of Centrus Energy in a research note on Thursday, February 12th. Citigroup decreased their target price on shares of Centrus Energy from $224.00 to $218.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. Roth Mkm reiterated a “neutral” rating and issued a $137.00 target price on shares of Centrus Energy in a research note on Wednesday, February 11th. Finally, Weiss Ratings cut shares of Centrus Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $268.18.

Centrus Energy Stock Down 2.2%

LEU stock opened at $169.06 on Monday. The company has a debt-to-equity ratio of 1.52, a current ratio of 5.72 and a quick ratio of 4.88. The firm’s fifty day simple moving average is $196.85 and its 200-day simple moving average is $239.50. Centrus Energy has a 12 month low of $90.83 and a 12 month high of $464.25. The company has a market capitalization of $3.33 billion, a P/E ratio of 55.98, a price-to-earnings-growth ratio of 17.92 and a beta of 1.43.

Centrus Energy (NYSE:LEU) last posted its earnings results on Tuesday, May 5th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.72. Centrus Energy had a net margin of 13.40% and a return on equity of 13.10%. The firm had revenue of $76.70 million during the quarter, compared to analysts’ expectations of $76.13 million. During the same period in the previous year, the business posted $1.60 EPS. The business’s revenue was up 4.9% compared to the same quarter last year. As a group, equities research analysts forecast that Centrus Energy will post 2.55 earnings per share for the current year.

Insider Activity at Centrus Energy

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

Institutional Investors Weigh In On Centrus Energy

Hedge funds have recently modified their holdings of the company. Vermillion Wealth Management Inc. grew its holdings in shares of Centrus Energy by 5,000.0% in the fourth quarter. Vermillion Wealth Management Inc. now owns 102 shares of the company’s stock valued at $25,000 after purchasing an additional 100 shares during the period. RiverPark Advisors LLC purchased a new stake in shares of Centrus Energy in the third quarter valued at about $33,000. Fulcrum Asset Management LLP purchased a new stake in shares of Centrus Energy in the third quarter valued at about $34,000. Aventura Private Wealth LLC purchased a new stake in shares of Centrus Energy in the fourth quarter valued at about $30,000. Finally, Rothschild Investment LLC grew its holdings in shares of Centrus Energy by 54.9% in the third quarter. Rothschild Investment LLC now owns 127 shares of the company’s stock valued at $39,000 after purchasing an additional 45 shares during the period. Hedge funds and other 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.