JPMorgan Chase & Co. Cuts Centrus Energy (NYSE:LEU) Price Target to $178.00

Centrus Energy (NYSE:LEU) had its target price cut by JPMorgan Chase & Co. from $236.00 to $178.00 in a report released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other research analysts have also recently issued reports about the company. HC Wainwright reissued a “buy” rating and issued a $300.00 target price on shares of Centrus Energy in a research note on Monday. Citigroup dropped their price target on Centrus Energy from $224.00 to $218.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. Truist Financial began coverage on Centrus Energy in a report on Monday, July 13th. They set a “buy” rating and a $215.00 price objective on the stock. Zacks Research upgraded Centrus Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Finally, UBS Group lowered their target price on Centrus Energy from $195.00 to $170.00 and set a “neutral” rating for the company in a research note on Tuesday, June 16th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Centrus Energy has an average rating of “Moderate Buy” and a consensus target price of $244.75.

Centrus Energy Trading Down 0.1%

LEU opened at $176.63 on Wednesday. The firm’s fifty day moving average is $170.55 and its two-hundred day moving average is $202.72. The company has a debt-to-equity ratio of 1.52, a quick ratio of 4.88 and a current ratio of 5.72. The firm has a market cap of $3.47 billion, a PE ratio of 58.49, a price-to-earnings-growth ratio of 21.31 and a beta of 1.35. Centrus Energy has a twelve month low of $142.13 and a twelve month high of $464.25.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.72. Centrus Energy had a net margin of 13.40% and a return on equity of 13.10%. The company had revenue of $76.70 million during the quarter, compared to analyst estimates of $76.13 million. During the same quarter in the previous year, the business earned $1.60 EPS. The firm’s revenue was up 4.9% on a year-over-year basis. Equities research analysts anticipate that Centrus Energy will post 2.77 EPS for the current year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Vermillion Wealth Management Inc. lifted its position in Centrus Energy by 5,000.0% during the 4th quarter. Vermillion Wealth Management Inc. now owns 102 shares of the company’s stock worth $25,000 after buying an additional 100 shares in the last quarter. Western Wealth Management LLC bought a new position in shares of Centrus Energy in the 1st quarter valued at about $31,000. Fulcrum Asset Management LLP bought a new position in shares of Centrus Energy in the 3rd quarter valued at about $34,000. Leonteq Securities AG acquired a new stake in shares of Centrus Energy in the first quarter valued at about $35,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of Centrus Energy in the fourth quarter valued at about $36,000. 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.