Centrus Energy (NYSE:LEU) Shares Gap Up – What’s Next?

Centrus Energy Corp. (NYSE:LEU)’s share price gapped up before the market opened on Friday . The stock had previously closed at $79.90, but opened at $83.92. Centrus Energy shares last traded at $82.86, with a volume of 373,063 shares.

Analysts Set New Price Targets

LEU has been the topic of a number of research reports. Roth Mkm reduced their target price on shares of Centrus Energy from $62.00 to $58.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. B. Riley increased their target price on shares of Centrus Energy from $88.00 to $126.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. StockNews.com raised shares of Centrus Energy to a “sell” rating in a research report on Wednesday, August 7th. Finally, Roth Capital downgraded shares of Centrus Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. 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’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $92.00.

Centrus Energy Stock Performance

The stock’s 50-day simple moving average is $73.12 and its 200 day simple moving average is $53.02. 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 company has a market capitalization of $1.42 billion, a PE ratio of 18.13 and a beta of 1.19.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings data on Monday, October 28th. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.48). The firm had revenue of $57.70 million during the quarter, compared to analysts’ expectations of $56.50 million. Centrus Energy had a net margin of 19.24% and a return on equity of 138.38%. As a group, research analysts expect that Centrus Energy Corp. will post 2.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of LEU. Russell Investments Group Ltd. grew its position in shares of Centrus Energy by 2.8% in the 1st quarter. Russell Investments Group Ltd. now owns 28,544 shares of the company’s stock valued at $1,185,000 after buying an additional 766 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Centrus Energy by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 766,064 shares of the company’s stock valued at $31,815,000 after buying an additional 17,033 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Centrus Energy by 15.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 338,250 shares of the company’s stock valued at $14,048,000 after buying an additional 46,254 shares during the last quarter. Wolff Wiese Magana LLC purchased a new position in shares of Centrus Energy in the 2nd quarter valued at $43,000. Finally, Sara Bay Financial grew its position in shares of Centrus Energy by 3.9% in the 2nd quarter. Sara Bay Financial now owns 337,201 shares of the company’s stock valued at $14,415,000 after buying an additional 12,514 shares during the last quarter. 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.