Centrus Energy (NYSE:LEU) Given New $242.00 Price Target at JPMorgan Chase & Co.

Centrus Energy (NYSE:LEU) had its target price cut by research analysts at JPMorgan Chase & Co. from $245.00 to $242.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 0.18% from the company’s previous close.

Several other research analysts have also recently weighed in on LEU. Needham & Company LLC restated a “buy” rating and set a $357.00 target price on shares of Centrus Energy in a report on Monday, December 22nd. William Blair reissued an “outperform” rating on shares of Centrus Energy in a research note on Tuesday, January 6th. Northland Securities set a $325.00 target price on Centrus Energy in a research note on Wednesday, January 7th. UBS Group set a $245.00 price target on shares of Centrus Energy in a research report on Tuesday, November 25th. Finally, Roth Mkm upped their price objective on shares of Centrus Energy from $117.00 to $125.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $253.08.

Centrus Energy Price Performance

Shares of LEU stock traded down $9.86 during trading hours on Thursday, hitting $241.57. 913,484 shares of the company’s stock were exchanged, compared to its average volume of 1,389,884. The company has a quick ratio of 2.79, a current ratio of 3.46 and a debt-to-equity ratio of 3.23. Centrus Energy has a fifty-two week low of $49.40 and a fifty-two week high of $464.25. The firm has a market cap of $4.40 billion, a P/E ratio of 36.71 and a beta of 1.21. The firm has a 50 day moving average of $276.59 and a two-hundred day moving average of $273.08.

Centrus Energy (NYSE:LEU) last released its earnings results on Thursday, November 6th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.17). Centrus Energy had a return on equity of 37.14% and a net margin of 25.04%.Centrus Energy’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.30) EPS. Sell-side analysts forecast that Centrus Energy will post 2.63 EPS for the current year.

Hedge Funds Weigh In On Centrus Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its position in shares of Centrus Energy by 11.0% during the fourth quarter. Farther Finance Advisors LLC now owns 363 shares of the company’s stock worth $88,000 after purchasing an additional 36 shares in the last quarter. IFP Advisors Inc increased its position in Centrus Energy by 38.3% during the third quarter. IFP Advisors Inc now owns 148 shares of the company’s stock worth $46,000 after buying an additional 41 shares during the period. Rothschild Investment LLC increased its position in Centrus Energy by 54.9% during the third quarter. Rothschild Investment LLC now owns 127 shares of the company’s stock worth $39,000 after buying an additional 45 shares during the period. Allworth Financial LP lifted its stake in Centrus Energy by 23.2% in the third quarter. Allworth Financial LP now owns 239 shares of the company’s stock valued at $74,000 after buying an additional 45 shares during the last quarter. Finally, Lido Advisors LLC boosted its holdings in shares of Centrus Energy by 4.2% in the third quarter. Lido Advisors LLC now owns 1,138 shares of the company’s stock valued at $353,000 after acquiring an additional 46 shares during the period. 49.96% of the stock is owned by institutional investors and hedge funds.

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.