Analysts Set Centrus Energy Corp. (NYSE:LEU) PT at $246.17

Centrus Energy Corp. (NYSE:LEU) has been assigned an average recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $246.1667.

Several analysts have issued reports on LEU shares. Needham & Company LLC dropped their target price on Centrus Energy from $264.00 to $262.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. HC Wainwright reissued a “buy” rating and issued a $300.00 price target on shares of Centrus Energy in a research report on Monday, July 27th. JPMorgan Chase & Co. upped their price objective on Centrus Energy from $178.00 to $180.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Roth Capital restated a “neutral” rating and set a $188.00 price objective on shares of Centrus Energy in a research note on Thursday, August 6th. Finally, Zacks Research raised Centrus Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th.

Institutional Trading of Centrus Energy

Hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its position in Centrus Energy by 126.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 371,822 shares of the company’s stock valued at $90,265,000 after acquiring an additional 207,316 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Centrus Energy by 43.3% in the fourth 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 last quarter. Van ECK Associates Corp grew its holdings in Centrus Energy by 14.7% in the fourth 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 last quarter. Renaissance Technologies LLC increased its position in shares of Centrus Energy by 217.4% during the first quarter. Renaissance Technologies LLC now owns 160,542 shares of the company’s stock worth $27,868,000 after purchasing an additional 109,960 shares in the last quarter. Finally, Man Group plc increased its position in shares of Centrus Energy by 2,303.8% during the fourth quarter. Man Group plc now owns 114,037 shares of the company’s stock worth $27,684,000 after purchasing an additional 109,293 shares in the last quarter. 49.96% of the stock is owned by hedge funds and other institutional investors.

Centrus Energy Price Performance

Shares of LEU opened at $184.57 on Tuesday. The company has a 50 day moving average price of $171.89 and a 200-day moving average price of $192.66. Centrus Energy has a fifty-two week low of $142.13 and a fifty-two week high of $464.25. The stock has a market capitalization of $3.68 billion, a PE ratio of 83.90, a PEG ratio of 24.45 and a beta of 1.36. The company has a debt-to-equity ratio of 1.39, a quick ratio of 4.52 and a current ratio of 5.39.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $1.03. The company had revenue of $176.10 million for the quarter. Centrus Energy had a net margin of 10.23% and a return on equity of 7.06%. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.59 earnings per share. Equities analysts predict that Centrus Energy will post 2.6 earnings per share for the current fiscal year.

Centrus Energy Company Profile

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.