Centrus Energy (NYSE:LEU) Trading Up 5.2% – Should You Buy?

Centrus Energy Corp. (NYSE:LEU)’s share price shot up 5.2% on Thursday . The stock traded as high as $95.78 and last traded at $95.54. 323,702 shares were traded during mid-day trading, a decline of 51% from the average session volume of 664,639 shares. The stock had previously closed at $90.81.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. B. Riley boosted their price target on shares of Centrus Energy from $88.00 to $126.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Roth Mkm dropped their price target on shares of Centrus Energy from $62.00 to $58.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Finally, Roth Capital cut Centrus Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Centrus Energy presently has a consensus rating of “Hold” and an average price target of $92.00.

Centrus Energy Stock Performance

The firm has a fifty day moving average of $76.08 and a 200-day moving average of $62.84. The company has a quick ratio of 1.03, a current ratio of 1.63 and a debt-to-equity ratio of 1.44. The firm has a market cap of $1.51 billion, a P/E ratio of 19.21 and a beta of 1.17.

Centrus Energy (NYSE:LEU) last posted its earnings results on Monday, October 28th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.48). The business had revenue of $57.70 million for the quarter, compared to the consensus estimate of $56.50 million. Centrus Energy had a return on equity of 138.38% and a net margin of 19.24%. Research analysts predict that Centrus Energy Corp. will post 2.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Centrus Energy

Several hedge funds have recently bought and sold shares of the stock. Evermay Wealth Management LLC increased its holdings in Centrus Energy by 3.5% in the third quarter. Evermay Wealth Management LLC now owns 5,175 shares of the company’s stock valued at $284,000 after purchasing an additional 175 shares during the period. JPMorgan Chase & Co. boosted its holdings in Centrus Energy by 3.0% in the third quarter. JPMorgan Chase & Co. now owns 6,288 shares of the company’s stock worth $345,000 after acquiring an additional 186 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Centrus Energy by 5.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 10,099 shares of the company’s stock valued at $673,000 after purchasing an additional 562 shares in the last quarter. Vontobel Holding Ltd. raised its holdings in shares of Centrus Energy by 17.3% in the 3rd quarter. Vontobel Holding Ltd. now owns 5,520 shares of the company’s stock worth $303,000 after acquiring an additional 815 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new position in shares of Centrus Energy in the second quarter valued at approximately $42,000. 49.96% of the stock is currently owned by institutional investors and hedge funds.

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.