Centrus Energy Corp. (NYSE:LEU) Receives $247.91 Average Price Target from Analysts

by · The Markets Daily

Shares of Centrus Energy Corp. (NYSE:LEU – Get Free Report) have received an average recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $247.9091.

LEU has been the subject of several analyst reports. UBS Group set a $245.00 target price on shares of Centrus Energy in a report on Tuesday, November 25th. JPMorgan Chase & Co. reduced their price objective on shares of Centrus Energy from $275.00 to $245.00 and set a “neutral” rating for the company in a research note on Friday, November 7th. B. Riley raised their price objective on shares of Centrus Energy from $221.00 to $315.00 and gave the company a “buy” rating in a research report on Monday, December 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Centrus Energy in a report on Monday. Finally, Needham & Company LLC reissued a “buy” rating and set a $357.00 price target on shares of Centrus Energy in a report on Monday, December 22nd.

Check Out Our Latest Stock Analysis on LEU

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Granahan Investment Management LLC purchased a new stake in Centrus Energy during the first quarter valued at $13,440,000. American Century Companies Inc. increased its holdings in shares of Centrus Energy by 483.8% in the 2nd quarter. American Century Companies Inc. now owns 247,352 shares of the company’s stock worth $45,310,000 after buying an additional 204,983 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Centrus Energy by 25.9% during the 3rd quarter. Van ECK Associates Corp now owns 780,986 shares of the company’s stock valued at $242,161,000 after buying an additional 160,482 shares in the last quarter. Jump Financial LLC bought a new position in shares of Centrus Energy in the 2nd quarter valued at about $19,142,000. Finally, Franklin Resources Inc. purchased a new position in Centrus Energy in the second quarter worth about $16,324,000. 49.96% of the stock is owned by hedge funds and other institutional investors.

Centrus Energy Price Performance

Shares of Centrus Energy stock opened at $242.64 on Monday. The stock has a market cap of $4.42 billion, a P/E ratio of 36.88 and a beta of 1.33. The company has a debt-to-equity ratio of 3.23, a quick ratio of 2.79 and a current ratio of 3.46. The stock’s fifty day moving average is $277.49 and its 200 day moving average is $254.31. Centrus Energy has a one year low of $49.40 and a one year high of $464.25.

Centrus Energy (NYSE:LEU – Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.17). Centrus Energy had a return on equity of 37.14% and a net margin of 25.04%.During the same period in the previous year, the firm posted ($0.30) earnings per share. Centrus Energy’s quarterly revenue was up 29.8% compared to the same quarter last year. Sell-side analysts anticipate that Centrus Energy will post 2.63 earnings per share for the current 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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