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

Centrus Energy Corp. (NYSE:LEU - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $85.99, but opened at $90.24. Centrus Energy shares last traded at $91.76, with a volume of 239,728 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Roth Capital downgraded shares of Centrus Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 10th. StockNews.com upgraded shares of Centrus Energy to a "sell" rating in a report on Wednesday, August 7th. Finally, Roth Mkm downgraded shares of Centrus Energy from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $55.00 to $62.00 in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, Centrus Energy has a consensus rating of "Hold" and an average target price of $67.00.

Centrus Energy Trading Up 8.7 %

The stock has a market capitalization of $1.52 billion, a PE ratio of 16.50 and a beta of 1.32. The company has a current ratio of 1.52, a quick ratio of 1.02 and a debt-to-equity ratio of 1.47. The firm has a 50-day moving average price of $53.78 and a 200-day moving average price of $46.96.

Centrus Energy (NYSE:LEU - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $1.12. Centrus Energy had a net margin of 22.96% and a return on equity of 299.92%. The business had revenue of $189.00 million during the quarter, compared to the consensus estimate of $82.70 million. As a group, equities analysts forecast that Centrus Energy Corp. will post 3.06 EPS for the current fiscal year.

Institutional Trading of Centrus Energy

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in 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 acquiring an additional 17,033 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Centrus Energy by 15.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 338,250 shares of the company's stock valued at $14,048,000 after purchasing an additional 46,254 shares during the period. Sara Bay Financial lifted its stake in shares of Centrus Energy by 3.9% during 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 in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Centrus Energy by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 297,708 shares of the company's stock worth $12,727,000 after buying an additional 8,678 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Centrus Energy by 382.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 222,607 shares of the company's stock valued at $9,516,000 after buying an additional 176,431 shares in the last quarter. 49.96% of the stock is currently owned by institutional investors.

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.