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

Centrus Energy Corp. (NYSE:LEUGet Free Report) has received a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $268.1818.

Several equities research analysts have weighed in on LEU shares. JPMorgan Chase & Co. dropped their price target on shares of Centrus Energy from $245.00 to $242.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. Stifel Nicolaus set a $246.00 price target on shares of Centrus Energy in a research report on Thursday, February 12th. Zacks Research raised shares of Centrus Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Northland Securities set a $285.00 price target on shares of Centrus Energy in a research report on Thursday, February 12th. Finally, Citigroup dropped their price target 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.

View Our Latest Stock Report on Centrus Energy

Insiders Place Their Bets

In other Centrus Energy news, CFO Todd M. Tinelli sold 306 shares of the 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.72% of the stock is owned by insiders.

Institutional Investors Weigh In On Centrus Energy

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Centrus Energy by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 1,086,443 shares of the company’s stock worth $263,745,000 after purchasing an additional 14,325 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Centrus Energy by 6.7% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 936,477 shares of the company’s stock worth $290,376,000 after purchasing an additional 58,634 shares during the period. Van ECK Associates Corp lifted its position in shares of Centrus Energy by 14.7% in the 4th quarter. Van ECK Associates Corp now owns 895,867 shares of the company’s stock worth $217,481,000 after purchasing an additional 114,881 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Centrus Energy by 43.3% in the 4th 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 during the period. Finally, American Century Companies Inc. lifted its position in shares of Centrus Energy by 78.8% in the 3rd quarter. American Century Companies Inc. now owns 442,261 shares of the company’s stock worth $137,132,000 after purchasing an additional 194,909 shares during the period. 49.96% of the stock is owned by hedge funds and other institutional investors.

Centrus Energy Trading Down 1.6%

Shares of LEU opened at $180.39 on Thursday. The stock has a market capitalization of $3.55 billion, a P/E ratio of 59.73, a PEG ratio of 18.99 and a beta of 1.43. The company has a quick ratio of 4.88, a current ratio of 5.72 and a debt-to-equity ratio of 1.52. The firm has a fifty day simple moving average of $193.55 and a two-hundred day simple moving average of $232.78. Centrus Energy has a twelve month low of $117.64 and a twelve month high of $464.25.

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

Centrus Energy Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Centrus Energy (NYSE:LEU)

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