Centrus Energy Corp. (NYSE:LEU) Receives $246.17 Consensus Price Target from Analysts

Shares of Centrus Energy Corp. (NYSE:LEUGet Free Report) have earned a consensus rating of “Moderate Buy” from the thirteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $246.1667.

A number of equities research analysts have issued reports on LEU shares. UBS Group reduced their price objective on shares of Centrus Energy from $195.00 to $170.00 and set a “neutral” rating for the company in a research report on Tuesday, June 16th. HC Wainwright reissued a “buy” rating and set a $300.00 target price on shares of Centrus Energy in a research report on Monday, July 27th. Weiss Ratings restated a “hold (c-)” rating on shares of Centrus Energy in a research note on Tuesday, August 4th. Truist Financial assumed coverage on Centrus Energy in a research note on Monday, July 13th. They issued a “buy” rating and a $215.00 target price on the stock. Finally, Bank of America reduced their target price on Centrus Energy from $240.00 to $205.00 and set a “neutral” rating for the company in a report on Thursday, July 9th.

Read Our Latest Stock Analysis on Centrus Energy

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its position in shares of Centrus Energy by 126.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 371,822 shares of the company’s stock valued at $90,265,000 after purchasing an additional 207,316 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings 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 buying an additional 143,069 shares during the last quarter. Van ECK Associates Corp boosted its holdings 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 buying an additional 114,881 shares during the last quarter. Renaissance Technologies LLC grew its position in Centrus Energy by 217.4% during the first quarter. Renaissance Technologies LLC now owns 160,542 shares of the company’s stock valued at $27,868,000 after buying an additional 109,960 shares during the period. Finally, Man Group plc grew its position in Centrus Energy by 2,303.8% during the fourth quarter. Man Group plc now owns 114,037 shares of the company’s stock valued at $27,684,000 after buying an additional 109,293 shares during the period. Institutional investors own 49.96% of the company’s stock.

Centrus Energy Price Performance

LEU opened at $190.73 on Tuesday. Centrus Energy has a 1 year low of $142.13 and a 1 year high of $464.25. The company has a debt-to-equity ratio of 1.39, a current ratio of 5.39 and a quick ratio of 4.52. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 86.70, a P/E/G ratio of 24.45 and a beta of 1.36. The firm’s fifty day moving average price is $171.48 and its two-hundred day moving average price is $194.16.

Centrus Energy (NYSE:LEUGet Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $1.77 EPS for the quarter, beating the consensus estimate of $0.74 by $1.03. Centrus Energy had a net margin of 10.23% and a return on equity of 7.06%. The company had revenue of $176.10 million during the quarter. During the same quarter in the prior year, the company earned $1.59 EPS. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. As a group, analysts anticipate that Centrus Energy will post 2.6 earnings per share for the current fiscal year.

About Centrus Energy

(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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