Citigroup Cuts Centrus Energy (NYSE:LEU) Price Target to $225.00

Centrus Energy (NYSE:LEU) had its target price decreased by Citigroup from $292.00 to $225.00 in a research report report published on Wednesday morning,Benzinga reports. Citigroup currently has a neutral rating on the stock.

Several other brokerages also recently commented on LEU. UBS Group set a $245.00 price objective on shares of Centrus Energy in a research note on Tuesday, November 25th. Roth Mkm reiterated a “neutral” rating and set a $137.00 price target on shares of Centrus Energy in a report on Wednesday, February 11th. B. Riley Financial raised their price objective on Centrus Energy from $221.00 to $315.00 and gave the company a “buy” rating in a report on Monday, December 22nd. Zacks Research downgraded Centrus Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Finally, Needham & Company LLC reissued a “buy” rating and set a $357.00 price target on shares of Centrus Energy in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Centrus Energy has a consensus rating of “Moderate Buy” and a consensus target price of $263.00.

Centrus Energy Price Performance

Shares of LEU stock opened at $203.87 on Wednesday. The business has a fifty day simple moving average of $266.46 and a 200 day simple moving average of $272.46. The company has a market cap of $3.71 billion, a P/E ratio of 48.89 and a beta of 1.21. The company has a quick ratio of 4.83, a current ratio of 5.59 and a debt-to-equity ratio of 1.54. Centrus Energy has a twelve month low of $49.40 and a twelve month high of $464.25.

Centrus Energy (NYSE:LEU) last released its earnings results on Tuesday, February 10th. The company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.63). The business had revenue of $146.20 million during 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 company’s revenue was down 3.6% compared to the same quarter last year. On average, sell-side analysts forecast that Centrus Energy will post 2.63 EPS for the current fiscal year.

Institutional Investors Weigh In On Centrus Energy

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD lifted its stake 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 acquiring an additional 207,316 shares during the period. American Century Companies Inc. lifted its position in shares of Centrus Energy by 483.8% in the 2nd quarter. American Century Companies Inc. now owns 247,352 shares of the company’s stock worth $45,310,000 after purchasing an additional 204,983 shares during the period. Van ECK Associates Corp boosted its stake in shares of Centrus Energy by 25.9% in the 3rd quarter. Van ECK Associates Corp now owns 780,986 shares of the company’s stock valued at $242,161,000 after purchasing an additional 160,482 shares during the last quarter. Bank of New York Mellon Corp increased its position 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 worth $114,861,000 after buying an additional 143,069 shares during the period. Finally, Man Group plc raised its stake in Centrus Energy by 2,303.8% during the fourth quarter. Man Group plc now owns 114,037 shares of the company’s stock worth $27,684,000 after buying an additional 109,293 shares during the last quarter. Institutional investors and hedge funds 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.