B. Riley Forecasts Strong Price Appreciation for Centrus Energy (NYSE:LEU) Stock

Centrus Energy (NYSE:LEU) had its target price upped by B. Riley from $88.00 to $126.00 in a research note released on Wednesday morning, Benzinga reports. B. Riley currently has a buy rating on the stock.

LEU has been the subject of a number of other research reports. Roth Capital downgraded shares of Centrus Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Roth Mkm cut Centrus Energy from a “buy” rating to a “neutral” rating and raised their target price for the stock from $55.00 to $62.00 in a research note on Thursday, October 10th. Finally, StockNews.com upgraded Centrus Energy to a “sell” rating in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Centrus Energy has a consensus rating of “Hold” and an average price target of $92.00.

Centrus Energy Stock Down 1.9 %

LEU stock opened at $102.91 on Wednesday. The company has a current ratio of 1.52, a quick ratio of 1.02 and a debt-to-equity ratio of 1.47. The firm has a 50-day moving average of $57.44 and a two-hundred day moving average of $48.12. Centrus Energy has a 12 month low of $33.51 and a 12 month high of $108.73. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 21.48 and a beta of 1.32.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings data on Monday, October 28th. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.48). Centrus Energy had a return on equity of 299.92% and a net margin of 22.96%. The company had revenue of $57.70 million for the quarter, compared to analysts’ expectations of $56.50 million. As a group, analysts forecast that Centrus Energy will post 3.06 earnings per share for the current fiscal year.

Institutional Trading of Centrus Energy

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Centrus Energy by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 766,064 shares of the company’s stock valued at $31,815,000 after acquiring an additional 17,033 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Centrus Energy by 15.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 338,250 shares of the company’s stock worth $14,048,000 after buying an additional 46,254 shares during the period. Sara Bay Financial increased its stake in Centrus Energy by 3.9% during the 2nd quarter. Sara Bay Financial now owns 337,201 shares of the company’s stock worth $14,415,000 after buying an additional 12,514 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Centrus Energy by 3.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 297,708 shares of the company’s stock worth $12,727,000 after buying an additional 8,678 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Centrus Energy by 382.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 222,607 shares of the company’s stock valued at $9,516,000 after buying an additional 176,431 shares during the period. Institutional investors and hedge funds own 49.96% of the company’s stock.

Centrus Energy Company Profile

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.