Centrus Energy (NYSE:LEU) Stock Rating Upgraded by Zacks Research

Centrus Energy (NYSE:LEU) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. decreased their price objective on shares of Centrus Energy from $245.00 to $242.00 and set a “neutral” rating on the stock in a research report on Thursday, February 5th. B. Riley Financial decreased their price objective on shares of Centrus Energy from $315.00 to $295.00 and set a “buy” rating on the stock in a research report on Friday, April 24th. UBS Group decreased their price objective on shares of Centrus Energy from $245.00 to $195.00 and set a “neutral” rating on the stock in a research report on Thursday, March 5th. Northland Securities set a $285.00 price objective on shares of Centrus Energy in a research report on Thursday, February 12th. Finally, Stifel Nicolaus set a $246.00 price objective on shares of Centrus Energy in a research report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $268.18.

Centrus Energy Price Performance

Shares of NYSE:LEU opened at $169.06 on Monday. The stock has a market cap of $3.33 billion, a PE ratio of 55.98, a PEG ratio of 17.92 and a beta of 1.43. The company’s fifty day moving average is $196.85 and its 200 day moving average is $239.50. Centrus Energy has a 52 week low of $90.83 and a 52 week high of $464.25. The company has a quick ratio of 4.88, a current ratio of 5.72 and a debt-to-equity ratio of 1.52.

Centrus Energy (NYSE:LEU) last issued its earnings results on Tuesday, May 5th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.72. The company had revenue of $76.70 million for 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 was up 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.60 EPS. Research analysts anticipate that Centrus Energy will post 2.55 earnings per share for the current year.

Insider Activity

In related news, CFO Todd M. Tinelli sold 306 shares of the business’s stock in a transaction dated 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 SEC, which is accessible through this link. 0.72% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Centrus Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vermillion Wealth Management Inc. boosted its stake in Centrus Energy by 5,000.0% during the fourth quarter. Vermillion Wealth Management Inc. now owns 102 shares of the company’s stock worth $25,000 after acquiring an additional 100 shares in the last quarter. Aventura Private Wealth LLC bought a new stake in Centrus Energy during the fourth quarter worth about $30,000. Western Wealth Management LLC bought a new stake in Centrus Energy during the first quarter worth about $31,000. RiverPark Advisors LLC bought a new stake in Centrus Energy during the third quarter worth about $33,000. Finally, Fulcrum Asset Management LLP bought a new stake in Centrus Energy during the third quarter worth about $34,000. Hedge funds and other institutional investors own 49.96% of the company’s stock.

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.