Centrus Energy Corp. (NYSE:LEU) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Centrus Energy Corp. (NYSE:LEU) has received a consensus rating of “Moderate Buy” from the fifteen research firms that are covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $253.3333.

Several analysts have recently issued reports on LEU shares. UBS Group set a $245.00 price target on shares of Centrus Energy in a research report on Tuesday, November 25th. Northland Securities set a $325.00 price objective on shares of Centrus Energy in a research note on Wednesday, January 7th. Needham & Company LLC reissued a “buy” rating and set a $357.00 target price on shares of Centrus Energy in a report on Monday, December 22nd. JPMorgan Chase & Co. dropped their target price on Centrus Energy from $275.00 to $245.00 and set a “neutral” rating on the stock in a research report on Friday, November 7th. Finally, William Blair reiterated an “outperform” rating on shares of Centrus Energy in a research report on Tuesday, January 6th.

Institutional Investors Weigh In On Centrus Energy

Several hedge funds and other institutional investors have recently modified their holdings of the stock. American Century Companies Inc. boosted its position in shares of Centrus Energy by 483.8% in the second quarter. American Century Companies Inc. now owns 247,352 shares of the company’s stock valued at $45,310,000 after acquiring an additional 204,983 shares during the period. Van ECK Associates Corp lifted its stake in Centrus Energy by 25.9% in the 3rd quarter. Van ECK Associates Corp now owns 780,986 shares of the company’s stock worth $242,161,000 after purchasing an additional 160,482 shares in the last quarter. Jump Financial LLC bought a new position in Centrus Energy in the 2nd quarter valued at $19,142,000. Franklin Resources Inc. purchased a new position in shares of Centrus Energy during the 2nd quarter valued at $16,324,000. Finally, First Trust Advisors LP increased its holdings in shares of Centrus Energy by 193.0% in the second quarter. First Trust Advisors LP now owns 134,382 shares of the company’s stock worth $24,616,000 after purchasing an additional 88,513 shares during the period. 49.96% of the stock is currently owned by institutional investors.

Centrus Energy Stock Down 0.3%

Shares of NYSE LEU opened at $302.92 on Friday. The company has a debt-to-equity ratio of 3.23, a current ratio of 3.46 and a quick ratio of 2.79. The stock has a market capitalization of $5.52 billion, a PE ratio of 46.04 and a beta of 1.24. Centrus Energy has a one year low of $49.40 and a one year high of $464.25. The business’s fifty day moving average price is $269.31 and its 200-day moving average price is $267.55.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.17). Centrus Energy had a net margin of 25.04% and a return on equity of 37.14%. The business’s revenue was up 29.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.30) earnings per share. On average, equities research analysts anticipate that Centrus Energy will post 2.63 EPS for the current year.

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.