Centrus Energy (NYSE:LEU) Trading 7.2% Higher - Should You Buy?

Shares of Centrus Energy Corp. (NYSE:LEU - Get Free Report) shot up 7.2% on Friday . The company traded as high as $112.50 and last traded at $111.29. 238,136 shares were traded during trading, a decline of 32% from the average session volume of 347,904 shares. The stock had previously closed at $103.81.

Analyst Ratings Changes

A number of equities analysts have commented on LEU shares. Roth Mkm reduced their target price on shares of Centrus Energy from $62.00 to $58.00 and set a "neutral" rating for the company in a report on Wednesday. StockNews.com upgraded shares of Centrus Energy to a "sell" rating in a research note on Wednesday, August 7th. Roth Capital downgraded Centrus Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 10th. Finally, B. Riley increased their price objective on Centrus Energy from $88.00 to $126.00 and gave the company a "buy" rating in a report on Wednesday. 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.com, the company currently has a consensus rating of "Hold" and a consensus price target of $92.00.

Centrus Energy Stock Up 5.4 %

The company has a current ratio of 1.63, a quick ratio of 1.02 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $1.78 billion, a PE ratio of 23.15 and a beta of 1.32. The company's 50-day moving average is $58.76 and its 200 day moving average is $48.50.

Centrus Energy (NYSE:LEU - Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The company reported ($0.30) EPS 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 net margin of 19.24% and a return on equity of 138.38%. As a group, analysts anticipate that Centrus Energy Corp. will post 3.02 EPS for the current year.

Institutional Investors Weigh In On Centrus Energy

Several hedge funds have recently added to or reduced their stakes in LEU. Vanguard Group Inc. boosted its position in Centrus Energy by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 766,064 shares of the company's stock worth $31,815,000 after purchasing an additional 17,033 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Centrus Energy by 15.8% during 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 acquiring an additional 46,254 shares during the period. Sara Bay Financial increased its stake 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 purchasing an additional 12,514 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Centrus Energy by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 297,708 shares of the company's stock valued at $12,727,000 after purchasing an additional 8,678 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings 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 worth $9,516,000 after purchasing an additional 176,431 shares during the period. 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.