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

Centrus Energy Corp. (NYSE:LEU)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $77.83, but opened at $81.63. Centrus Energy shares last traded at $80.55, with a volume of 232,588 shares.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Roth Mkm cut their price target on Centrus Energy from $62.00 to $58.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Roth Capital downgraded shares of Centrus Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, B. Riley lifted their target price on Centrus Energy from $88.00 to $126.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Centrus Energy presently has a consensus rating of “Hold” and a consensus target price of $92.00.

Centrus Energy Stock Performance

The firm’s fifty day moving average price is $75.22 and its two-hundred day moving average price is $61.72. The stock has a market capitalization of $1.42 billion, a PE ratio of 18.17 and a beta of 1.17. 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 announced its 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). The business had revenue of $57.70 million for the quarter, compared to analyst estimates of $56.50 million. Centrus Energy had a return on equity of 138.38% and a net margin of 19.24%. As a group, equities research analysts forecast that Centrus Energy Corp. will post 2.28 EPS for the current year.

Hedge Funds Weigh In On Centrus Energy

Institutional investors have recently bought and sold shares of the company. Point72 DIFC Ltd acquired a new position in shares of Centrus Energy in the 2nd quarter worth approximately $42,000. Heritage Investors Management Corp purchased a new position in shares of Centrus Energy during the third quarter worth $203,000. CWA Asset Management Group LLC acquired a new stake in shares of Centrus Energy in the third quarter valued at $244,000. Janus Henderson Group PLC acquired a new position in Centrus Energy during the 3rd quarter worth about $250,000. Finally, SG Americas Securities LLC acquired a new position in Centrus Energy in the 3rd quarter valued at about $281,000. 49.96% of the stock is owned by hedge funds and other 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.