Centrus Energy (NYSE:LEU) Shares Up 10.8% – Time to Buy?

Centrus Energy Corp. (NYSE:LEU) shares were up 10.8% on Friday . The stock traded as high as $268.85 and last traded at $269.03. Approximately 637,194 shares changed hands during trading, a decline of 20% from the average daily volume of 792,272 shares. The stock had previously closed at $242.76.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. UBS Group set a $245.00 target price on Centrus Energy in a research report on Tuesday, November 25th. Weiss Ratings restated a “hold (c)” rating on shares of Centrus Energy in a report on Monday. JPMorgan Chase & Co. decreased their target price on shares of Centrus Energy from $275.00 to $245.00 and set a “neutral” rating for the company in a report on Friday, November 7th. B. Riley lifted their target price on shares of Centrus Energy from $221.00 to $315.00 and gave the stock a “buy” rating in a research report on Monday, December 22nd. Finally, Needham & Company LLC restated a “buy” rating and set a $357.00 price target on shares of Centrus Energy in a report on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $247.91.

Centrus Energy Trading Up 10.4%

The business has a 50-day moving average of $275.46 and a 200-day moving average of $254.23. The company has a quick ratio of 2.79, a current ratio of 3.46 and a debt-to-equity ratio of 3.23. The stock has a market cap of $4.88 billion, a price-to-earnings ratio of 40.95 and a beta of 1.24.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.19 earnings per share 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%.The business’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.30) EPS. As a group, research analysts forecast that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

Institutional Inflows and Outflows

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

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.