Centrus Energy (NYSE:LEU) Shares Up 7.2% – Time to Buy?

Centrus Energy Corp. (NYSE:LEU) rose 7.2% on Wednesday . The company traded as high as $266.99 and last traded at $263.8220. Approximately 856,072 shares were traded during mid-day trading, a decline of 26% from the average daily volume of 1,157,066 shares. The stock had previously closed at $246.08.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Centrus Energy from $275.00 to $245.00 and set a “neutral” rating for the company in a research report on Friday, November 7th. Bank of America reaffirmed a “neutral” rating and set a $285.00 price target (up from $210.00) on shares of Centrus Energy in a research note on Thursday, August 7th. Northland Securities set a $275.00 price target on Centrus Energy in a research note on Thursday, August 7th. Evercore ISI increased their price objective on Centrus Energy from $251.00 to $252.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Finally, HC Wainwright reiterated a “buy” rating and issued a $300.00 target price on shares of Centrus Energy in a research note on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Centrus Energy presently has an average rating of “Moderate Buy” and an average price target of $224.60.

Centrus Energy Stock Up 0.2%

The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 54.81 and a beta of 1.56. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93. The business’s 50 day moving average is $322.11 and its 200-day moving average is $226.38.

Centrus Energy (NYSE:LEU) last released its quarterly earnings results 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 16.56% and a return on equity of 84.09%. Centrus Energy’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.30) EPS. Equities analysts anticipate that Centrus Energy Corp. will post 2.63 EPS for the current fiscal year.

Institutional Investors Weigh In On Centrus Energy

Several hedge funds have recently modified their holdings of LEU. RiverPark Advisors LLC bought a new position in shares of Centrus Energy during the 3rd quarter worth about $33,000. Fulcrum Asset Management LLP bought a new position in Centrus Energy during the third quarter valued at about $34,000. Rothschild Investment LLC raised its holdings in Centrus Energy by 54.9% in the 3rd quarter. Rothschild Investment LLC now owns 127 shares of the company’s stock valued at $39,000 after acquiring an additional 45 shares in the last quarter. Mather Group LLC. bought a new stake in shares of Centrus Energy in the 3rd quarter worth approximately $41,000. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of Centrus Energy in the 3rd quarter worth approximately $41,000. 49.96% of the stock is owned by institutional investors.

About Centrus Energy

Centrus Energy Corp. supplies nuclear fuel components and services for the nuclear power industry in the United States, Belgium, Japan, and internationally. The company operates through two segments, Low-Enriched Uranium (LEU) and Technical Solutions. The LEU segment sells separative work units (SWU) components of LEU; natural uranium hexafluoride, uranium concentrates, and uranium conversion; and enriched uranium products to utilities that operate nuclear power plants.