Needham & Company LLC upgraded shares of Centrus Energy (NYSE:LEU – Free Report) to a moderate buy rating in a research report sent to investors on Thursday morning,Zacks.com reports.
Other equities research analysts have also recently issued research reports about the company. UBS Group decreased their target price on Centrus Energy from $195.00 to $170.00 and set a “neutral” rating for the company in a research report on Tuesday, June 16th. Roth Capital dropped their price target on shares of Centrus Energy from $230.00 to $195.00 and set a “neutral” rating on the stock in a research report on Monday, June 22nd. Citigroup reduced their price objective 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. Zacks Research raised shares of Centrus Energy from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Finally, Weiss Ratings lowered shares of Centrus Energy from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $255.45.
Check Out Our Latest Analysis on Centrus Energy
Centrus Energy Price Performance
Centrus Energy (NYSE:LEU – Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.72. Centrus Energy had a return on equity of 13.10% and a net margin of 13.40%.The business had revenue of $76.70 million for the quarter, compared to analyst estimates of $76.13 million. During the same quarter in the prior year, the firm posted $1.60 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, equities research analysts predict that Centrus Energy will post 2.74 EPS for the current fiscal year.
Insider Activity at Centrus Energy
In other news, CFO Todd M. Tinelli sold 306 shares of Centrus Energy stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $203.55, for a total transaction of $62,286.30. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.72% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Farther Finance Advisors LLC increased its holdings in Centrus Energy by 11.0% in the 4th quarter. Farther Finance Advisors LLC now owns 363 shares of the company’s stock valued at $88,000 after buying an additional 36 shares during the period. Prospera Financial Services Inc raised its stake in shares of Centrus Energy by 3.1% in the 4th quarter. Prospera Financial Services Inc now owns 1,340 shares of the company’s stock valued at $325,000 after buying an additional 40 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of Centrus Energy by 38.3% during the 3rd quarter. IFP Advisors Inc now owns 148 shares of the company’s stock worth $46,000 after acquiring an additional 41 shares during the period. Allworth Financial LP lifted its holdings in shares of Centrus Energy by 23.2% during the 3rd quarter. Allworth Financial LP now owns 239 shares of the company’s stock worth $74,000 after acquiring an additional 45 shares during the period. Finally, Lido Advisors LLC boosted its position in shares of Centrus Energy by 4.2% during the 3rd quarter. Lido Advisors LLC now owns 1,138 shares of the company’s stock valued at $353,000 after acquiring an additional 46 shares in the last quarter. 49.96% of the stock is currently owned by institutional investors and hedge funds.
About Centrus Energy
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.
Recommended Stories
- Five stocks we like better than Centrus Energy
- PriceSmart Stock Eyes $220 as Chile Expansion Fuels Growth
- Dollar Tree’s Turnaround Is Starting to Take Root
- Why Levi’s Digital Strategy Is Paying Off in a Big Way
- Constellation Brands: Beer Growth and Buybacks Mask Stock’s Slump
Receive News & Ratings for Centrus Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centrus Energy and related companies with MarketBeat.com's FREE daily email newsletter.
