Centrus Energy (NYSE:LEU – Get Free Report) had its target price cut by investment analysts at JPMorgan Chase & Co. from $120.00 to $100.00 in a report issued on Friday, Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential downside of 4.36% from the company’s previous close.
Other equities analysts have also recently issued research reports about the stock. Stifel Nicolaus lowered their price objective on shares of Centrus Energy from $246.00 to $216.00 and set a “buy” rating on the stock in a research note on Tuesday, August 25th. Wall Street Zen raised shares of Centrus Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday. B. Riley Financial cut their target price on shares of Centrus Energy from $295.00 to $188.00 and set a “buy” rating for the company in a research note on Wednesday, October 28th. Roth Capital upgraded shares of Centrus Energy from a “neutral” rating to a “buy” rating and set a $115.00 target price for the company in a report on Friday. Finally, Needham & Company LLC dropped their price target on Centrus Energy from $262.00 to $206.00 and set a “buy” rating on the stock in a report on Tuesday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Centrus Energy has a consensus rating of “Moderate Buy” and an average price target of $191.88.
View Our Latest Stock Analysis on LEU
Centrus Energy Trading Down 0.0%
NYSE:LEU opened at $104.56 on Friday. The business has a fifty day moving average of $136.02 and a 200-day moving average of $181.07. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 30.57, a PEG ratio of 10.02 and a beta of 1.40. Centrus Energy has a 1 year low of $84.86 and a 1 year high of $345.60. The company has a debt-to-equity ratio of 1.27, a quick ratio of 7.99 and a current ratio of 8.61.
Centrus Energy (NYSE:LEU – Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The company reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.33). Centrus Energy had a net margin of 16.77% and a return on equity of 8.73%. The business had revenue of $55.50 million during the quarter. During the same period last year, the firm earned $0.19 earnings per share. The company’s revenue was down 25.9% compared to the same quarter last year. Equities analysts predict that Centrus Energy will post 3.49 earnings per share for the current year.
Hedge Funds Weigh In On Centrus Energy
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Salomon & Ludwin LLC acquired a new stake in Centrus Energy during the 3rd quarter worth about $28,000. Western Wealth Management LLC acquired a new position in shares of Centrus Energy in the first quarter worth about $31,000. IFP Advisors Inc boosted its holdings in shares of Centrus Energy by 172.4% in the second quarter. IFP Advisors Inc now owns 237 shares of the company’s stock worth $40,000 after buying an additional 150 shares during the period. Vestor Capital LLC acquired a new position in shares of Centrus Energy in the first quarter worth about $55,000. Finally, Fortitude Family Office LLC increased its position in shares of Centrus Energy by 5,100.0% in the third quarter. Fortitude Family Office LLC now owns 416 shares of the company’s stock worth $58,000 after acquiring an additional 408 shares in the last quarter. Institutional investors and hedge funds own 49.96% of the company’s stock.
About Centrus Energy
Centrus Energy Corp. is a U.S.-based supplier of nuclear fuel and related services. Its main business includes providing low-enriched uranium (LEU), a fuel used by many commercial nuclear power plants, and uranium enrichment services to utilities and other customers.
The company also develops and operates centrifuge technology and provides engineering, manufacturing, and technical services to government and commercial customers. In recent years, Centrus has worked under U.S. Department of Energy contracts to demonstrate production of high-assay low-enriched uranium (HALEU), an advanced fuel intended for certain next-generation reactors.
Formerly known as USEC Inc, the company adopted the Centrus Energy name in 2014.
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