Needham & Company LLC Lowers Centrus Energy (NYSE:LEU) Price Target to $262.00

Centrus Energy (NYSE:LEU) had its target price reduced by equities researchers at Needham & Company LLC from $264.00 to $262.00 in a report released on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s target price would indicate a potential upside of 42.00% from the company’s previous close.

LEU has been the subject of a number of other research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Centrus Energy in a research note on Tuesday. Roth Capital restated a “neutral” rating and issued a $188.00 target price on shares of Centrus Energy in a report on Thursday. 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 target on Centrus Energy from $315.00 to $295.00 and set a “buy” rating for the company in a report on Friday, April 24th. Finally, JPMorgan Chase & Co. lowered their price target on Centrus Energy from $236.00 to $178.00 and set a “neutral” rating for the company in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $246.00.

Centrus Energy Stock Up 3.6%

Centrus Energy stock opened at $184.50 on Friday. 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 $3.63 billion, a price-to-earnings ratio of 83.55, a price-to-earnings-growth ratio of 24.81 and a beta of 1.36. The firm’s fifty day moving average price is $170.75 and its two-hundred day moving average price is $198.42. 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 (NYSE:LEU) last posted its earnings results on Wednesday, August 5th. The company reported $1.77 EPS for the quarter, topping the consensus estimate of $0.74 by $1.03. Centrus Energy had a net margin of 10.23% and a return on equity of 7.64%. The company had revenue of $176.10 million during the quarter. During the same period in the previous year, the firm earned $1.59 earnings per share. The company’s revenue was up 14.0% on a year-over-year basis. On average, equities research analysts predict that Centrus Energy will post 2.53 earnings per share for the current fiscal year.

Insider Activity 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 transaction of $62,286.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.72% of the stock is owned by corporate insiders.

Institutional Trading of Centrus Energy

A number of institutional investors have recently modified their holdings of the business. Vermillion Wealth Management Inc. boosted its holdings in Centrus Energy by 5,000.0% in 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 during the period. Western Wealth Management LLC purchased a new position in Centrus Energy in the 1st quarter valued at approximately $31,000. Fulcrum Asset Management LLP bought a new stake in Centrus Energy during the 3rd quarter valued at $34,000. Leonteq Securities AG bought a new stake in Centrus Energy during the 1st quarter valued at $35,000. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of Centrus Energy during the fourth quarter worth $36,000. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

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.