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

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

Analyst Ratings Changes

LEU has been the topic of several analyst reports. Roth Mkm lowered 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. B. Riley raised their target price on Centrus Energy from $88.00 to $126.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Roth Capital cut Centrus Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. Finally, StockNews.com upgraded Centrus Energy to a “sell” rating in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Centrus Energy has a consensus rating of “Hold” and an average target price of $92.00.

Centrus Energy Trading Up 15.0 %

The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 18.18 and a beta of 1.19. The firm has a 50-day moving average price of $62.63 and a 200-day moving average price of $49.85. The company has a current ratio of 1.63, a quick ratio of 1.03 and a debt-to-equity ratio of 1.44.

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 the consensus estimate of $0.18 by ($0.48). The firm had revenue of $57.70 million for the quarter, compared to analyst estimates of $56.50 million. Centrus Energy had a net margin of 19.24% and a return on equity of 138.38%. As a group, sell-side analysts predict that Centrus Energy Corp. will post 2.4 EPS for the current year.

Institutional Investors Weigh In On Centrus Energy

Several large investors have recently modified their holdings of LEU. Private Advisor Group LLC boosted its stake 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 acquiring an additional 2,523 shares in the last quarter. BNP Paribas Financial Markets boosted its stake 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 acquiring an additional 6,807 shares in the last quarter. Heartland Advisors Inc. bought a new stake in shares of Centrus Energy during the 1st quarter worth $2,076,000. Russell Investments Group Ltd. boosted its stake 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 acquiring an additional 766 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake 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 acquiring an additional 17,033 shares in the last quarter. 49.96% of the stock is 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.