Centrus Energy Corp. (NYSE:LEU – Get Free Report)’s stock price gapped down prior to trading on Monday after Roth Mkm lowered their price target on the stock from $230.00 to $195.00. The stock had previously closed at $191.39, but opened at $182.11. Roth Mkm currently has a neutral rating on the stock. Centrus Energy shares last traded at $180.9870, with a volume of 163,436 shares traded.
A number of other research analysts have also commented on LEU. UBS Group lowered their price objective on shares of Centrus Energy from $195.00 to $170.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 16th. B. Riley Financial cut their target price on Centrus Energy from $315.00 to $295.00 and set a “buy” rating for the company in a research report on Friday, April 24th. Citigroup decreased their price target on Centrus Energy from $224.00 to $218.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. Zacks Research upgraded Centrus Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Finally, Weiss Ratings downgraded Centrus Energy from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $271.18.
Get Our Latest Stock Analysis on Centrus Energy
Insider Activity
Hedge Funds Weigh In On Centrus Energy
A number of hedge funds have recently modified their holdings of LEU. Price T Rowe Associates Inc. MD boosted its holdings in shares of Centrus Energy by 126.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 371,822 shares of the company’s stock worth $90,265,000 after buying an additional 207,316 shares during the period. American Century Companies Inc. increased its position in shares of Centrus Energy by 78.8% in the third quarter. American Century Companies Inc. now owns 442,261 shares of the company’s stock worth $137,132,000 after acquiring an additional 194,909 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Centrus Energy by 25.9% during the third quarter. Van ECK Associates Corp now owns 780,986 shares of the company’s stock valued at $242,161,000 after acquiring an additional 160,482 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Centrus Energy by 43.3% during the fourth quarter. Bank of New York Mellon Corp now owns 473,145 shares of the company’s stock valued at $114,861,000 after acquiring an additional 143,069 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of Centrus Energy by 217.4% in the 1st quarter. Renaissance Technologies LLC now owns 160,542 shares of the company’s stock valued at $27,868,000 after acquiring an additional 109,960 shares in the last quarter. 49.96% of the stock is currently owned by institutional investors and hedge funds.
Centrus Energy Trading Down 7.3%
The company’s 50-day moving average is $188.82 and its 200 day moving average is $222.74. The company has a current ratio of 5.72, a quick ratio of 4.88 and a debt-to-equity ratio of 1.52. The firm has a market cap of $3.49 billion, a PE ratio of 59.69, a P/E/G ratio of 23.38 and a beta of 1.34.
Centrus Energy (NYSE:LEU – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.72. Centrus Energy had a net margin of 13.40% and a return on equity of 13.10%. The firm had revenue of $76.70 million for the quarter, compared to analysts’ expectations of $76.13 million. During the same period in the previous year, the company posted $1.60 EPS. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, sell-side analysts predict that Centrus Energy Corp. will post 2.74 EPS for the current year.
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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