UBS Group Has Lowered Expectations for Centrus Energy (NYSE:LEU) Stock Price

Centrus Energy (NYSE:LEU) had its target price reduced by equities research analysts at UBS Group from $245.00 to $195.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s target price suggests a potential downside of 0.46% from the company’s previous close.

Several other equities research analysts have also issued reports on LEU. Evercore reaffirmed an “outperform” rating and issued a $390.00 price objective on shares of Centrus Energy in a research note on Monday, January 5th. Weiss Ratings restated a “hold (c)” rating on shares of Centrus Energy in a report on Monday, December 29th. Stifel Nicolaus set a $246.00 price target on Centrus Energy in a research report on Thursday, February 12th. Zacks Research downgraded Centrus Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Finally, William Blair reissued an “outperform” rating on shares of Centrus Energy in a research note on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $258.83.

Centrus Energy Stock Down 3.5%

Shares of NYSE LEU traded down $7.18 during trading hours on Thursday, hitting $195.90. The stock had a trading volume of 183,656 shares, compared to its average volume of 1,224,981. The firm’s 50-day moving average price is $260.11 and its two-hundred day moving average price is $272.55. Centrus Energy has a 52 week low of $49.40 and a 52 week high of $464.25. The company has a market capitalization of $3.85 billion, a P/E ratio of 46.98 and a beta of 1.26. The company has a debt-to-equity ratio of 1.54, a quick ratio of 4.83 and a current ratio of 5.59.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $1.42 by ($0.63). The business had revenue of $146.20 million for the quarter, compared to the consensus estimate of $145.40 million. Centrus Energy had a net margin of 17.34% and a return on equity of 15.52%. The firm’s revenue was down 3.6% compared to the same quarter last year. Analysts anticipate that Centrus Energy will post 2.63 EPS for the current fiscal year.

Institutional Trading of Centrus Energy

Several hedge funds have recently added to or reduced their stakes in LEU. Vermillion Wealth Management Inc. grew its holdings in Centrus Energy by 5,000.0% in the 4th quarter. Vermillion Wealth Management Inc. now owns 102 shares of the company’s stock valued at $25,000 after buying an additional 100 shares during the last quarter. Aventura Private Wealth LLC bought a new stake in shares of Centrus Energy in the fourth quarter valued at approximately $30,000. RiverPark Advisors LLC bought a new position in Centrus Energy during the third quarter worth $33,000. Nisa Investment Advisors LLC increased its position in Centrus Energy by 157.7% during the second quarter. Nisa Investment Advisors LLC now owns 183 shares of the company’s stock worth $34,000 after acquiring an additional 112 shares during the period. Finally, Fulcrum Asset Management LLP acquired a new position in Centrus Energy during the 3rd quarter valued at $34,000. Institutional investors own 49.96% of the company’s stock.

Centrus Energy Company Profile

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.