Centrus Energy (NYSE:LEU) Trading 11.7% Higher – What’s Next?

Shares of Centrus Energy Corp. (NYSE:LEU) traded up 11.7% during mid-day trading on Wednesday . The company traded as high as $85.06 and last traded at $84.60. 1,081,113 shares changed hands during mid-day trading, an increase of 168% from the average session volume of 404,116 shares. The stock had previously closed at $75.73.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Roth Mkm lowered their target price on Centrus Energy from $62.00 to $58.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Roth Capital lowered Centrus Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. B. Riley increased their target price on Centrus Energy from $88.00 to $126.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, StockNews.com upgraded Centrus Energy to a “sell” rating in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $92.00.

Centrus Energy Price Performance

The stock has a market cap of $1.42 billion, a PE ratio of 18.18 and a beta of 1.19. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.63 and a quick ratio of 1.03. The business has a fifty day moving average of $62.63 and a 200 day moving average of $49.85.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings results 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 net margin of 19.24% and a return on equity of 138.38%. The business had revenue of $57.70 million during the quarter, compared to analysts’ expectations of $56.50 million. Sell-side analysts anticipate that Centrus Energy Corp. will post 2.4 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Private Advisor Group LLC raised its position in shares of Centrus Energy by 43.6% during the 1st quarter. Private Advisor Group LLC now owns 8,314 shares of the company’s stock worth $345,000 after purchasing an additional 2,523 shares during the period. BNP Paribas Financial Markets raised its position in shares of Centrus Energy by 207.3% during the 1st quarter. BNP Paribas Financial Markets now owns 10,090 shares of the company’s stock worth $419,000 after purchasing an additional 6,807 shares during the period. Heartland Advisors Inc. acquired a new stake in shares of Centrus Energy during the 1st quarter worth approximately $2,076,000. Russell Investments Group Ltd. raised its position in shares of Centrus Energy by 2.8% during the 1st quarter. Russell Investments Group Ltd. now owns 28,544 shares of the company’s stock worth $1,185,000 after purchasing an additional 766 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Centrus Energy by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 766,064 shares of the company’s stock worth $31,815,000 after purchasing an additional 17,033 shares during the period. Institutional investors 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.