Centrus Energy (NYSE:LEU) Trading 7.2% Higher – Still a Buy?

Centrus Energy Corp. (NYSE:LEU)’s stock price traded up 7.2% on Friday . The stock traded as high as $112.50 and last traded at $111.29. 238,136 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 347,904 shares. The stock had previously closed at $103.81.

Analyst Upgrades and Downgrades

Several research firms have commented on LEU. Roth Mkm decreased their target price on shares of Centrus Energy from $62.00 to $58.00 and set a “neutral” rating for the company in a research report on Wednesday. StockNews.com raised Centrus Energy to a “sell” rating in a report on Wednesday, August 7th. Roth Capital downgraded Centrus Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, B. Riley increased their price target on Centrus Energy from $88.00 to $126.00 and gave the stock a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Centrus Energy currently has an average rating of “Hold” and an average target price of $92.00.

Centrus Energy Stock Up 10.6 %

The firm has a market capitalization of $1.87 billion, a P/E ratio of 23.15 and a beta of 1.32. The firm’s fifty day moving average price is $58.76 and its 200-day moving average price is $48.50. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.63 and a quick ratio of 1.02.

Centrus Energy (NYSE:LEU) last issued its quarterly 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). Centrus Energy had a net margin of 19.24% and a return on equity of 138.38%. The firm had revenue of $57.70 million for the quarter, compared to the consensus estimate of $56.50 million. As a group, equities research analysts forecast that Centrus Energy Corp. will post 3.02 earnings per share for the current year.

Institutional Investors Weigh In On Centrus Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its holdings in shares of 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 worth $9,516,000 after purchasing an additional 176,431 shares in the last quarter. Point72 Asset Management L.P. raised its position in shares of Centrus Energy by 53.8% during the second quarter. Point72 Asset Management L.P. now owns 148,251 shares of the company’s stock worth $6,338,000 after purchasing an additional 51,836 shares during the period. Heartland Advisors Inc. acquired a new stake in shares of Centrus Energy during the first quarter worth $2,076,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Centrus Energy by 15.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 338,250 shares of the company’s stock valued at $14,048,000 after purchasing an additional 46,254 shares during the last quarter. Finally, Decade Renewable Partners LP acquired a new position in shares of Centrus Energy in the 2nd quarter valued at $1,479,000. 49.96% of the stock is currently 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.