Centrus Energy (NYSE:LEU) Price Target Cut to $205.00 by Analysts at Bank of America

Centrus Energy (NYSE:LEU) had its target price reduced by investment analysts at Bank of America from $240.00 to $205.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Bank of America‘s price target would indicate a potential upside of 23.33% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Zacks Research raised Centrus Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. B. Riley Financial decreased their price objective on Centrus Energy from $315.00 to $295.00 and set a “buy” rating for the company in a report on Friday, April 24th. Needham & Company LLC lowered their target price on Centrus Energy from $314.00 to $264.00 and set a “buy” rating on the stock in a research note on Thursday. Citigroup dropped their target price on Centrus Energy from $224.00 to $218.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. Finally, Roth Capital reduced their price target on Centrus Energy from $230.00 to $195.00 and set a “neutral” rating for the company in a research report on Monday, June 22nd. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $255.45.

Centrus Energy Stock Performance

Shares of NYSE LEU opened at $166.22 on Thursday. The company has a current ratio of 5.72, a quick ratio of 4.88 and a debt-to-equity ratio of 1.52. Centrus Energy has a 12 month low of $144.65 and a 12 month high of $464.25. The company has a 50 day simple moving average of $180.43 and a two-hundred day simple moving average of $214.84. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 55.04, a PEG ratio of 20.24 and a beta of 1.35.

Centrus Energy (NYSE:LEU) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.33 by $0.72. The business had revenue of $76.70 million for the quarter, compared to the consensus estimate of $76.13 million. Centrus Energy had a net margin of 13.40% and a return on equity of 13.10%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.60 EPS. As a group, analysts predict that Centrus Energy will post 2.74 earnings per share for the current year.

Insider Buying and Selling at Centrus Energy

In other Centrus Energy news, CFO Todd M. Tinelli sold 306 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $203.55, for a total value of $62,286.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.72% of the company’s stock.

Hedge Funds Weigh In On Centrus Energy

A number of hedge funds have recently bought and sold shares of LEU. Vermillion Wealth Management Inc. lifted its position in shares of Centrus Energy by 5,000.0% during 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 in the last quarter. RiverPark Advisors LLC acquired a new position in Centrus Energy during the third quarter worth $33,000. Fulcrum Asset Management LLP acquired a new position in Centrus Energy during the third quarter worth $34,000. Aventura Private Wealth LLC purchased a new position in Centrus Energy during the fourth quarter valued at $30,000. Finally, IFP Advisors Inc lifted its holdings in Centrus Energy by 38.3% during the third quarter. IFP Advisors Inc now owns 148 shares of the company’s stock valued at $46,000 after purchasing an additional 41 shares in the last quarter. 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 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.