Centrus Energy (NYSE:LEU) Given New $216.00 Price Target at Stifel Nicolaus

Centrus Energy (NYSE:LEU) had its price objective reduced by Stifel Nicolaus from $246.00 to $216.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 22.17% from the company’s previous close.

Several other equities analysts have also weighed in on LEU. Needham & Company LLC reduced their target price on shares of Centrus Energy from $264.00 to $262.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Barclays started coverage on Centrus Energy in a research note on Tuesday, August 18th. They set an “equal weight” rating and a $207.00 price objective on the stock. Zacks Research raised Centrus Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Roth Capital reiterated a “neutral” rating and issued a $188.00 target price on shares of Centrus Energy in a research note on Thursday, August 6th. Finally, JPMorgan Chase & Co. raised their target price on Centrus Energy from $178.00 to $180.00 and gave the company a “neutral” rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $242.00.

Centrus Energy Stock Performance

NYSE LEU opened at $176.80 on Tuesday. The company has a debt-to-equity ratio of 1.39, a current ratio of 5.39 and a quick ratio of 4.52. Centrus Energy has a 1-year low of $142.13 and a 1-year high of $464.25. The firm has a market capitalization of $3.53 billion, a P/E ratio of 80.36, a P/E/G ratio of 23.95 and a beta of 1.36. The business’s 50-day simple moving average is $173.86 and its 200-day simple moving average is $188.67.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.77 EPS for the quarter, beating the consensus estimate of $0.74 by $1.03. The firm had revenue of $176.10 million for the quarter. Centrus Energy had a net margin of 10.23% and a return on equity of 7.06%. The company’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.59 EPS. Equities analysts predict that Centrus Energy will post 2.6 EPS for the current year.

Hedge Funds Weigh In On Centrus Energy

A number of institutional investors have recently added to or reduced their stakes in the company. Vermillion Wealth Management Inc. boosted its position 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. Western Wealth Management LLC acquired a new position in shares of Centrus Energy in the first quarter worth about $31,000. Fulcrum Asset Management LLP purchased a new position in Centrus Energy in the third quarter valued at about $34,000. Leonteq Securities AG acquired a new stake in Centrus Energy during the 1st quarter valued at approximately $35,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in Centrus Energy during the 4th quarter valued at approximately $36,000. 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.