Centrus Energy (NYSE:LEU) Trading Up 6.3% – Should You Buy?

Centrus Energy Corp. (NYSE:LEU)’s share price rose 6.3% during mid-day trading on Friday . The stock traded as high as $78.98 and last traded at $78.69. Approximately 200,372 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 540,734 shares. The stock had previously closed at $74.06.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on LEU shares. B. Riley increased their price target on shares of Centrus Energy from $88.00 to $126.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Roth Mkm reduced their target price on Centrus Energy from $62.00 to $58.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Finally, Roth Capital downgraded Centrus Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Centrus Energy currently has a consensus rating of “Hold” and a consensus target price of $92.00.

Centrus Energy Trading Up 3.2 %

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 stock’s 50-day moving average is $75.78 and its two-hundred day moving average is $60.95. The company has a market cap of $1.25 billion, a P/E ratio of 15.91 and a beta of 1.17.

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

Institutional Investors Weigh In On Centrus Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 DIFC Ltd bought a new position in Centrus Energy in the second quarter worth approximately $42,000. Heritage Investors Management Corp bought a new position in shares of Centrus Energy in the third quarter worth approximately $203,000. CWA Asset Management Group LLC purchased a new stake in shares of Centrus Energy in the third quarter worth $244,000. Janus Henderson Group PLC purchased a new stake in shares of Centrus Energy in the third quarter worth $250,000. Finally, SG Americas Securities LLC bought a new stake in shares of Centrus Energy during the 3rd quarter valued at $281,000. Hedge funds and other 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.