Centrus Energy (NYSE:LEU) Stock Price Target Lowered at JPMorgan Chase & Co.

Centrus Energy (NYSE:LEU) had its price objective reduced by JPMorgan Chase & Co. from $120.00 to $100.00 in a research report report published on Friday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other analysts have also recently commented on the company. HC Wainwright reiterated a “buy” rating and set a $300.00 price objective on shares of Centrus Energy in a research report on Wednesday, October 21st. Northland Securities set a $270.00 target price on Centrus Energy in a report on Friday, September 11th. Texas Capital raised Centrus Energy to a “strong-buy” rating in a research report on Tuesday, October 27th. B. Riley Financial cut their price target on Centrus Energy from $295.00 to $188.00 and set a “buy” rating for the company in a research note on Wednesday, October 28th. Finally, Capital One Financial set a $151.00 price target on shares of Centrus Energy in a research report on Tuesday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $191.88.

Centrus Energy Price Performance

Shares of LEU opened at $104.56 on Friday. The firm has a market cap of $2.09 billion, a PE ratio of 30.57, a P/E/G ratio of 10.02 and a beta of 1.40. The company has a current ratio of 8.61, a quick ratio of 7.99 and a debt-to-equity ratio of 1.27. The firm has a fifty day simple moving average of $136.02 and a two-hundred day simple moving average of $181.07. Centrus Energy has a 1-year low of $84.86 and a 1-year high of $345.60.

Centrus Energy (NYSE:LEU) last released its quarterly earnings results on Wednesday, November 4th. The company reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.33). The firm had revenue of $55.50 million for the quarter. Centrus Energy had a net margin of 16.77% and a return on equity of 8.73%. Centrus Energy’s revenue for the quarter was down 25.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.19 earnings per share. On average, equities analysts anticipate that Centrus Energy will post 3.49 EPS for the current year.

Institutional Trading of Centrus Energy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Goehring & Rozencwajg Associates LLC raised its stake in Centrus Energy by 18.1% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 202,058 shares of the company’s stock worth $35,075,000 after acquiring an additional 30,944 shares during the period. Renaissance Technologies LLC lifted its holdings in Centrus Energy by 217.4% during the first quarter. Renaissance Technologies LLC now owns 160,542 shares of the company’s stock valued at $27,868,000 after purchasing an additional 109,960 shares in the last quarter. Granahan Investment Management LLC lifted its holdings in Centrus Energy by 19.2% during the first quarter. Granahan Investment Management LLC now owns 89,690 shares of the company’s stock valued at $15,569,000 after purchasing an additional 14,455 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Centrus Energy during the third quarter valued at approximately $6,744,000. Finally, Atlas Wealth LLC bought a new position in shares of Centrus Energy in the first quarter worth approximately $4,376,000. Hedge funds and other 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 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.