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

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on LEU shares. Roth Capital lowered Centrus Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. Roth Mkm cut their target price 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 Centrus Energy from $88.00 to $126.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $92.00.

Centrus Energy Price Performance

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 company has a 50 day simple moving average of $79.41 and a 200-day simple moving average of $59.07. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 16.87 and a beta of 1.12.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings results on Monday, October 28th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $56.50 million. As a group, research analysts anticipate that Centrus Energy Corp. will post 2.28 EPS for the current fiscal year.

Institutional Trading of Centrus Energy

Several hedge funds have recently made changes to their positions in LEU. Evermay Wealth Management LLC lifted its stake 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 buying an additional 175 shares during the last quarter. JPMorgan Chase & Co. grew its position in Centrus Energy by 3.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,288 shares of the company’s stock worth $345,000 after purchasing an additional 186 shares during the last quarter. Old West Investment Management LLC increased its stake in shares of Centrus Energy by 3.3% in the second quarter. Old West Investment Management LLC now owns 9,889 shares of the company’s stock valued at $423,000 after purchasing an additional 316 shares during the period. Vontobel Holding Ltd. raised its holdings in shares of Centrus Energy by 17.3% during the third quarter. Vontobel Holding Ltd. now owns 5,520 shares of the company’s stock valued at $303,000 after buying an additional 815 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Centrus Energy by 4.1% during the second quarter. Rhumbline Advisers now owns 23,151 shares of the company’s stock worth $990,000 after buying an additional 917 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.