Stifel Nicolaus Cuts Centrus Energy (NYSE:LEU) Price Target to $216.00

Centrus Energy (NYSE:LEU) had its target price cut by Stifel Nicolaus from $246.00 to $216.00 in a research note issued to investors on Tuesday morning, Marketbeat reports. They currently have a buy rating on the stock.

LEU has been the subject of several other research reports. Truist Financial began coverage on shares of Centrus Energy in a research note on Monday, July 13th. They set a “buy” rating and a $215.00 price target for the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Centrus Energy in a research note on Tuesday, August 4th. HC Wainwright restated a “buy” rating and set a $300.00 price objective on shares of Centrus Energy in a report on Monday, July 27th. Roth Capital reaffirmed a “neutral” rating and set a $188.00 target price on shares of Centrus Energy in a research report on Thursday, August 6th. Finally, Zacks Research upgraded Centrus Energy from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Centrus Energy currently has an average rating of “Moderate Buy” and an average price target of $242.00.

Centrus Energy Trading Up 4.2%

LEU stock opened at $195.56 on Tuesday. The company has a market capitalization of $3.90 billion, a PE ratio of 88.89, a P/E/G ratio of 24.20 and a beta of 1.36. Centrus Energy has a 12 month low of $142.13 and a 12 month high of $464.25. The firm’s 50-day moving average is $174.83 and its 200 day moving average is $187.40. 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 (NYSE:LEU) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $1.03. The company had revenue of $176.10 million during 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.59 EPS. On average, research analysts anticipate that Centrus Energy will post 2.59 EPS for the current year.

Institutional Investors Weigh In On Centrus Energy

Several hedge funds have recently modified their holdings of the business. Vermillion Wealth Management Inc. increased its holdings in Centrus Energy by 5,000.0% during the fourth 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 period. Western Wealth Management LLC bought a new position in Centrus Energy in the first quarter worth approximately $31,000. Fulcrum Asset Management LLP bought a new position in Centrus Energy in the third quarter worth approximately $34,000. Leonteq Securities AG purchased a new stake in Centrus Energy during the first quarter worth $35,000. Finally, Hilton Head Capital Partners LLC purchased a new stake in Centrus Energy during the fourth quarter worth $36,000. Hedge funds and other institutional investors 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.