Centrus Energy (NYSE:LEU) Stock Gets Price Target Cut from B. Riley Financial

Centrus Energy (NYSE:LEU) had its target price trimmed by B. Riley Financial from $295.00 to $188.00 in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts also recently commented on LEU. UBS Group cut their target price on shares of Centrus Energy from $185.00 to $120.00 and set a “neutral” rating on the stock in a research note on Friday, October 23rd. Weiss Ratings upgraded shares of Centrus Energy from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Texas Capital upgraded shares of Centrus Energy to a “strong-buy” rating in a research report on Tuesday. Needham & Company LLC lowered their target price on shares of Centrus Energy from $262.00 to $206.00 and set a “buy” rating on the stock in a research note on Tuesday, October 20th. Finally, JPMorgan Chase & Co. cut their price target on shares of Centrus Energy from $180.00 to $120.00 and set a “neutral” rating for the company in a report on Monday, October 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $193.12.

Centrus Energy Trading Down 6.9%

Shares of Centrus Energy stock opened at $102.90 on Wednesday. Centrus Energy has a fifty-two week low of $96.80 and a fifty-two week high of $390.00. The company has a debt-to-equity ratio of 1.39, a quick ratio of 4.52 and a current ratio of 5.39. The stock has a 50 day moving average of $145.30 and a 200 day moving average of $186.49. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 46.77, a PEG ratio of 10.59 and a beta of 1.53.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.77 earnings per share 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 7.06%. The business had revenue of $176.10 million during the quarter. During the same quarter in the prior year, the firm posted $1.59 EPS. The firm’s quarterly revenue was up 14.0% compared to the same quarter last year. As a group, research analysts predict that Centrus Energy will post 3.49 earnings per share for the current year.

Institutional Trading of Centrus Energy

Large investors have recently added to or reduced their stakes in the company. Western Wealth Management LLC bought a new stake in Centrus Energy during the first quarter worth about $31,000. Leonteq Securities AG purchased a new stake in shares of Centrus Energy during the 1st quarter valued at about $35,000. Salomon & Ludwin LLC purchased a new position in shares of Centrus Energy during the 3rd quarter worth $28,000. IFP Advisors Inc raised its stake in shares of Centrus Energy by 172.4% in the second quarter. IFP Advisors Inc now owns 237 shares of the company’s stock worth $40,000 after buying an additional 150 shares during the period. Finally, Vestor Capital LLC purchased a new stake in Centrus Energy in the 1st quarter worth approximately $55,000. 49.96% of the stock is owned by institutional investors.

Centrus Energy Company Profile

Centrus Energy Corp. (NYSE:LEU) is a U.S.-based supplier of nuclear fuel and related services. The company provides enriched uranium products, including low-enriched uranium used to fuel commercial nuclear reactors, as well as uranium and fuel-management services for utilities and other customers in the nuclear energy industry.

Centrus is also developing high-assay low-enriched uranium (HALEU), an advanced fuel intended for certain next-generation and small modular reactors. Its American Centrifuge technology is being developed to support domestic uranium enrichment and reduce reliance on foreign fuel-supply chains.