Centrus Energy (NYSE:LEU) Stock Gets Price Target Reduction from JPMorgan Chase & Co.

Centrus Energy (NYSE:LEU) had its price objective reduced by JPMorgan Chase & Co. from $120.00 to $100.00 in a research note released on Friday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Other equities analysts have also issued research reports about the stock. UBS Group reduced their price target on shares of Centrus Energy from $185.00 to $120.00 and set a “neutral” rating for the company in a research report on Friday, October 23rd. Roth Capital raised shares of Centrus Energy from a “neutral” rating to a “buy” rating and set a $115.00 price objective on the stock in a research report on Friday. Texas Capital upgraded shares of Centrus Energy to a “strong-buy” rating in a research note on Tuesday, October 27th. Capital One Financial set a $151.00 target price on shares of Centrus Energy in a research report on Tuesday, October 27th. Finally, Zacks Research downgraded shares of Centrus Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 27th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Centrus Energy currently has a consensus rating of “Moderate Buy” and an average price target of $191.88.

Centrus Energy Stock Down 0.0%

LEU stock opened at $104.56 on Friday. The stock has a market cap of $2.09 billion, a P/E ratio of 30.57, a P/E/G ratio of 10.02 and a beta of 1.40. The company has a current ratio of 8.61, a quick ratio of 7.99 and a debt-to-equity ratio of 1.27. The stock’s fifty day simple moving average is $136.02 and its two-hundred day simple moving average is $181.07. Centrus Energy has a 1-year low of $84.86 and a 1-year high of $345.60.

Centrus Energy (NYSE:LEU) last announced its earnings results on Wednesday, November 4th. The company reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.33). The business had revenue of $55.50 million for the quarter. Centrus Energy had a net margin of 16.77% and a return on equity of 8.73%. Centrus Energy’s revenue was down 25.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.19 earnings per share. Analysts expect that Centrus Energy will post 3.49 EPS for the current year.

Institutional Investors Weigh In On Centrus Energy

Several institutional investors have recently added to or reduced their stakes in LEU. Salomon & Ludwin LLC purchased a new position in shares of Centrus Energy in the third quarter worth about $28,000. Western Wealth Management LLC purchased a new stake in shares of Centrus Energy during the 1st quarter valued at approximately $31,000. IFP Advisors Inc lifted its stake in shares of Centrus Energy by 172.4% during the 2nd quarter. IFP Advisors Inc now owns 237 shares of the company’s stock valued at $40,000 after buying an additional 150 shares in the last quarter. Vestor Capital LLC purchased a new stake in shares of Centrus Energy during the 1st quarter valued at approximately $55,000. Finally, Fortitude Family Office LLC boosted its holdings in Centrus Energy by 5,100.0% in the 3rd quarter. Fortitude Family Office LLC now owns 416 shares of the company’s stock worth $58,000 after buying an additional 408 shares during the period. 49.96% of the stock is 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 related services. Its main business includes providing low-enriched uranium (LEU), a fuel used by many commercial nuclear power plants, and uranium enrichment services to utilities and other customers.

The company also develops and operates centrifuge technology and provides engineering, manufacturing, and technical services to government and commercial customers. In recent years, Centrus has worked under U.S. Department of Energy contracts to demonstrate production of high-assay low-enriched uranium (HALEU), an advanced fuel intended for certain next-generation reactors.

Formerly known as USEC Inc, the company adopted the Centrus Energy name in 2014.