Centrus Energy (NYSE:LEU) Coverage Initiated by Analysts at Citigroup

Citigroup assumed coverage on shares of Centrus Energy (NYSE:LEU - Free Report) in a research report released on Tuesday morning, MarketBeat.com reports. The brokerage issued a neutral rating and a $104.00 target price on the stock.

A number of other brokerages have also recently issued reports on LEU. HC Wainwright assumed coverage on shares of Centrus Energy in a report on Tuesday, February 25th. They issued a "buy" rating and a $300.00 price objective for the company. StockNews.com raised Centrus Energy to a "sell" rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $147.00.

Centrus Energy Stock Up 0.1 %

Shares of LEU traded up $0.09 during midday trading on Tuesday, reaching $79.81. 570,131 shares of the stock were exchanged, compared to its average volume of 613,305. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 18.10 and a beta of 1.35. The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09. Centrus Energy has a 12-month low of $33.51 and a 12-month high of $122.95. The firm has a 50 day simple moving average of $87.01 and a 200-day simple moving average of $73.50.

Remove Ads

Insider Transactions at Centrus Energy

In other Centrus Energy news, SVP Larry B. Cutlip sold 4,000 shares of the business's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $120.31, for a total value of $481,240.00. Following the transaction, the senior vice president now directly owns 9,402 shares in the company, valued at $1,131,154.62. The trade was a 29.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is currently owned by insiders.

Institutional Trading of Centrus Energy

Several hedge funds have recently modified their holdings of the company. Cape Investment Advisory Inc. bought a new stake in Centrus Energy during the 4th quarter worth approximately $27,000. PNC Financial Services Group Inc. grew its holdings in shares of Centrus Energy by 77.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 440 shares of the company's stock worth $29,000 after purchasing an additional 192 shares during the last quarter. State of Wyoming acquired a new stake in shares of Centrus Energy in the fourth quarter valued at $33,000. Altshuler Shaham Ltd bought a new position in shares of Centrus Energy in the fourth quarter valued at about $49,000. Finally, National Bank of Canada FI acquired a new position in Centrus Energy during the 4th quarter worth about $51,000. Institutional investors and hedge funds own 49.96% of the company's stock.

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.