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

Centrus Energy Corp. (NYSE:LEU) 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 traded.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LEU. Roth Capital lowered Centrus Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. B. Riley raised their price target on Centrus Energy from $88.00 to $126.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Roth Mkm dropped their price objective on shares of Centrus Energy from $62.00 to $58.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $92.00.

Centrus Energy Stock Up 2.6 %

The firm has a market cap of $1.49 billion, a PE ratio of 18.48 and a beta of 1.17. The company has a 50-day simple moving average of $75.16 and a 200-day simple moving average of $62.05. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.63 and a quick ratio of 1.03.

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 analysts’ consensus estimates of $0.18 by ($0.48). The business had revenue of $57.70 million for the quarter, compared to the consensus estimate of $56.50 million. Centrus Energy had a return on equity of 138.38% and a net margin of 19.24%. Analysts expect that Centrus Energy Corp. will post 2.28 earnings per share for the current fiscal year.

Institutional Trading of Centrus Energy

Large investors have recently made changes to their positions in the stock. Point72 DIFC Ltd bought a new stake in Centrus Energy during the 2nd quarter valued at about $42,000. Heritage Investors Management Corp purchased a new position in shares of Centrus Energy during the third quarter worth approximately $203,000. CWA Asset Management Group LLC bought a new stake in shares of Centrus Energy during the third quarter valued at approximately $244,000. Janus Henderson Group PLC purchased a new stake in shares of Centrus Energy in the third quarter valued at approximately $250,000. Finally, SG Americas Securities LLC bought a new position in Centrus Energy in the third quarter worth approximately $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.