Centrus Energy (NYSE:LEU – Get Free Report) had its target price reduced by research analysts at Needham & Company LLC from $264.00 to $262.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s price target indicates a potential upside of 42.00% from the company’s previous close.
Other equities analysts have also issued reports about the company. UBS Group cut their price objective on Centrus Energy from $195.00 to $170.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 16th. JPMorgan Chase & Co. reduced their price objective on shares of Centrus Energy from $236.00 to $178.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 29th. Bank of America decreased their price objective on shares of Centrus Energy from $240.00 to $205.00 and set a “neutral” rating for the company in a research report on Thursday, July 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of Centrus Energy in a research note on Tuesday. Finally, Truist Financial initiated coverage on shares of Centrus Energy in a report on Monday, July 13th. They issued a “buy” rating and a $215.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $246.00.
View Our Latest Analysis on Centrus Energy
Centrus Energy Stock Performance
Centrus Energy (NYSE:LEU – Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $1.77 EPS for the quarter, topping the consensus estimate of $0.74 by $1.03. Centrus Energy had a return on equity of 7.64% and a net margin of 10.23%.The firm had revenue of $176.10 million for the quarter. During the same period in the previous year, the firm posted $1.59 earnings per share. The firm’s quarterly revenue was up 14.0% compared to the same quarter last year. Sell-side analysts forecast that Centrus Energy will post 2.53 EPS for the current year.
Insider Transactions at Centrus Energy
In other Centrus Energy news, CFO Todd M. Tinelli sold 306 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $203.55, for a total value of $62,286.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.72% of the company’s stock.
Institutional Trading of Centrus Energy
Hedge funds have recently modified their holdings of the stock. Vermillion Wealth Management Inc. boosted its stake in Centrus Energy by 5,000.0% during the fourth quarter. Vermillion Wealth Management Inc. now owns 102 shares of the company’s stock worth $25,000 after acquiring an additional 100 shares in the last quarter. Western Wealth Management LLC bought a new stake in Centrus Energy in the first quarter valued at $31,000. Fulcrum Asset Management LLP acquired a new position in shares of Centrus Energy during the third quarter valued at about $34,000. Leonteq Securities AG bought a new position in shares of Centrus Energy during the 1st quarter worth about $35,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of Centrus Energy in the 4th quarter valued at about $36,000. Institutional investors own 49.96% of the company’s stock.
About Centrus Energy
Centrus Energy Corp is a U.S.-based supplier of nuclear fuel and enrichment services, specializing in the production of low-enriched uranium (LEU) for commercial power reactors and highly enriched uranium for naval propulsion. Through its Centrus Global subsidiary, the company provides technical support, fuel fabrication services and recycled uranium products to utilities operating light-water reactors. Centrus also develops advanced centrifuge technologies aimed at improving enrichment efficiency and reducing the cost of nuclear fuel.
Originally founded as the United States Enrichment Corporation (USEC) in 1998 following a spin-out from the U.S.
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