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

Centrus Energy Corp. (NYSE:LEU) has been given a consensus recommendation of “Moderate Buy” by the sixteen brokerages that are covering the stock, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $235.71.

Several research analysts have commented on LEU shares. HC Wainwright reaffirmed a “buy” rating and set a $300.00 price target on shares of Centrus Energy in a research report on Monday, July 27th. UBS Group raised their price objective on shares of Centrus Energy from $170.00 to $185.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 19th. Needham & Company LLC dropped their price objective on shares of Centrus Energy from $264.00 to $262.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Stifel Nicolaus decreased their target price on shares of Centrus Energy from $246.00 to $216.00 and set a “buy” rating for the company in a research note on Tuesday, August 25th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Centrus Energy in a research report on Tuesday, August 4th.

Hedge Funds Weigh In On Centrus Energy

Institutional investors have recently bought and sold shares of the company. Vermillion Wealth Management Inc. lifted its holdings in shares of Centrus Energy by 5,000.0% in the 4th quarter. Vermillion Wealth Management Inc. now owns 102 shares of the company’s stock valued at $25,000 after buying an additional 100 shares during the period. Hilton Head Capital Partners LLC purchased a new stake in Centrus Energy during the fourth quarter worth about $36,000. Western Wealth Management LLC acquired a new position in Centrus Energy during the first quarter worth about $31,000. Leonteq Securities AG acquired a new position in Centrus Energy during the first quarter worth about $35,000. Finally, IFP Advisors Inc increased its holdings in Centrus Energy by 172.4% in the second quarter. IFP Advisors Inc now owns 237 shares of the company’s stock valued at $40,000 after buying an additional 150 shares in the last quarter. 49.96% of the stock is owned by institutional investors and hedge funds.

Centrus Energy Stock Up 9.0%

LEU stock opened at $154.13 on Wednesday. The company has a current ratio of 5.39, a quick ratio of 4.52 and a debt-to-equity ratio of 1.39. Centrus Energy has a twelve month low of $135.74 and a twelve month high of $464.25. The company’s 50 day moving average is $168.35 and its two-hundred day moving average is $177.07. The stock has a market cap of $3.07 billion, a P/E ratio of 70.06, a PEG ratio of 11.24 and a beta of 1.53.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $1.03. Centrus Energy had a net margin of 10.23% and a return on equity of 7.06%. The firm had revenue of $176.10 million during the quarter. During the same period last year, the firm earned $1.59 earnings per share. Centrus Energy’s revenue was up 14.0% on a year-over-year basis. Research analysts expect that Centrus Energy will post 4.21 earnings per share for the current fiscal year.

Centrus Energy Company Profile

Centrus Energy Corp. is a U.S.-based nuclear fuel company that supplies enriched uranium and related services to commercial nuclear power producers and other customers. Its business includes the sale of low-enriched uranium (LEU), which is used to manufacture fuel for nuclear reactors, as well as uranium enrichment and fuel-management services.

The company is also developing high-assay low-enriched uranium (HALEU), an advanced nuclear fuel intended for certain next-generation reactors.