Centrus Energy (NYSE:LEU) Trading 7.6% Higher – What’s Next?

Centrus Energy Corp. (NYSE:LEU) shares were up 7.6% during trading on Thursday . The company traded as high as $72.64 and last traded at $71.70. Approximately 276,710 shares were traded 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

Several research firms recently weighed in on LEU. Roth Mkm reduced their price objective on shares of Centrus Energy from $62.00 to $58.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Roth Capital cut shares of Centrus Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Finally, B. Riley boosted their target price on Centrus Energy from $88.00 to $126.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. One research 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $92.00.

Centrus Energy Stock Up 9.1 %

The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.03 and a current ratio of 1.63. The stock’s fifty day simple moving average is $79.41 and its two-hundred day simple moving average is $59.07. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 16.87 and a beta of 1.12.

Centrus Energy (NYSE:LEU) last released its earnings results 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 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%. On average, sell-side analysts anticipate that Centrus Energy Corp. will post 2.28 EPS for the current year.

Institutional Investors Weigh In On Centrus Energy

A number of institutional investors and hedge funds have recently modified their holdings of LEU. Point72 DIFC Ltd purchased a new position in shares of Centrus Energy in the second quarter worth approximately $42,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Centrus Energy by 181.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,719 shares of the company’s stock valued at $115,000 after purchasing an additional 1,754 shares during the period. Heritage Investors Management Corp purchased a new stake in shares of Centrus Energy in the third quarter valued at $203,000. CWA Asset Management Group LLC acquired a new stake in shares of Centrus Energy in the third quarter worth $244,000. Finally, Janus Henderson Group PLC purchased a new position in shares of Centrus Energy during the third quarter valued at $250,000. 49.96% of the stock is owned by institutional investors and hedge funds.

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.