Evercore ISI Initiates Coverage on Centrus Energy (NYSE:LEU)

Evercore ISI assumed coverage on shares of Centrus Energy (NYSE:LEU) in a report published on Wednesday, Marketbeat reports. The brokerage issued an outperform rating and a $145.00 price target on the stock.

LEU has been the subject of several other research reports. Craig Hallum started coverage on Centrus Energy in a research report on Tuesday, April 1st. They set a “buy” rating and a $129.00 price objective for the company. Citigroup started coverage on Centrus Energy in a research report on Tuesday, March 4th. They set a “neutral” rating and a $104.00 price objective for the company. HC Wainwright started coverage on Centrus Energy in a research report on Tuesday, February 25th. They set a “buy” rating and a $300.00 price objective for the company. Finally, StockNews.com raised Centrus Energy to a “sell” rating in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $143.67.

Centrus Energy Stock Performance

Shares of LEU stock opened at $96.92 on Wednesday. The stock has a fifty day moving average of $70.54 and a 200 day moving average of $79.32. Centrus Energy has a 52 week low of $33.51 and a 52 week high of $122.95. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 21.98 and a beta of 1.14. 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 announced its quarterly earnings data on Wednesday, May 7th. The company reported $1.60 EPS for the quarter, beating the consensus estimate of ($0.08) by $1.68. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%. Centrus Energy’s revenue was up 67.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.38) earnings per share. As a group, research analysts expect that Centrus Energy will post 2.63 earnings per share for the current year.

Institutional Investors Weigh In On Centrus Energy

Large investors have recently bought and sold shares of the business. Wellington Management Group LLP bought a new stake in Centrus Energy in the 4th quarter worth about $3,474,000. Barclays PLC increased its holdings in Centrus Energy by 103.8% in the 3rd quarter. Barclays PLC now owns 37,588 shares of the company’s stock worth $2,061,000 after buying an additional 19,140 shares in the last quarter. Legacy Bridge LLC bought a new stake in Centrus Energy in the 4th quarter worth about $657,000. Exchange Traded Concepts LLC increased its holdings in Centrus Energy by 290.9% in the 4th quarter. Exchange Traded Concepts LLC now owns 71,040 shares of the company’s stock worth $4,732,000 after buying an additional 52,866 shares in the last quarter. Finally, TB Alternative Assets Ltd. bought a new stake in Centrus Energy in the 4th quarter worth about $7,907,000. 49.96% of the stock is currently owned by institutional investors.

About Centrus Energy

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.