Centrus Energy (NYSE:LEU) Shares Up 7.6% – Still a Buy?

Centrus Energy Corp. (NYSE:LEU) shares traded up 7.6% on Thursday . The company traded as high as $72.64 and last traded at $71.70. 276,710 shares traded hands during trading, a decline of 44% from the average session volume of 496,788 shares. The stock had previously closed at $66.61.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Roth Capital lowered Centrus Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Roth Mkm lowered their price objective on Centrus Energy from $62.00 to $58.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Finally, B. Riley increased their target price on shares of Centrus Energy from $88.00 to $126.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. One 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. Based on data from MarketBeat, Centrus Energy presently has an average rating of “Hold” and an average price target of $92.00.

Centrus Energy Stock Performance

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 company has a market capitalization of $1.16 billion, a P/E ratio of 14.79 and a beta of 1.12. The business has a 50-day moving average of $79.74 and a 200-day moving average of $58.69.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings data on Monday, October 28th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.48). The business had revenue of $57.70 million during the quarter, compared to the consensus estimate of $56.50 million. Centrus Energy had a net margin of 19.24% and a return on equity of 138.38%. On average, sell-side analysts anticipate that Centrus Energy Corp. will post 2.28 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in LEU. FMR LLC raised its stake in shares of Centrus Energy by 79.3% during the 3rd quarter. FMR LLC now owns 426,249 shares of the company’s stock worth $23,380,000 after acquiring an additional 188,478 shares in the last quarter. Geode Capital Management LLC grew its stake in Centrus Energy by 4.9% during the 3rd quarter. Geode Capital Management LLC now owns 319,935 shares of the company’s stock worth $17,552,000 after buying an additional 15,080 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Centrus Energy by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 297,708 shares of the company’s stock valued at $12,727,000 after buying an additional 8,678 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Centrus Energy by 382.1% in the second quarter. Bank of New York Mellon Corp now owns 222,607 shares of the company’s stock worth $9,516,000 after acquiring an additional 176,431 shares in the last quarter. Finally, Goehring & Rozencwajg Associates LLC grew its stake in shares of Centrus Energy by 18.6% during the second quarter. Goehring & Rozencwajg Associates LLC now owns 204,093 shares of the company’s stock worth $8,725,000 after acquiring an additional 32,000 shares during the last quarter. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

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.