JPMorgan Chase & Co. Lowers Centrus Energy (NYSE:LEU) Price Target to $178.00

Centrus Energy (NYSE:LEU) had its price objective dropped by JPMorgan Chase & Co. from $236.00 to $178.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 8.58% from the stock’s current price.

A number of other research analysts have also commented on the company. Needham & Company LLC began coverage on Centrus Energy in a report on Thursday, July 9th. They set a “buy” rating and a $264.00 price objective on the stock. Bank of America reduced their price objective on shares of Centrus Energy from $240.00 to $205.00 and set a “neutral” rating for the company in a research note on Thursday, July 9th. B. Riley Financial decreased their price objective on shares of Centrus Energy from $315.00 to $295.00 and set a “buy” rating for the company in a report on Friday, April 24th. UBS Group lowered their target price on shares of Centrus Energy from $195.00 to $170.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 16th. Finally, Roth Capital set a $171.00 target price on shares of Centrus Energy in a report on Monday. One 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 company’s stock. According to MarketBeat.com, Centrus Energy has a consensus rating of “Moderate Buy” and an average price target of $244.75.

Centrus Energy Stock Down 3.4%

LEU traded down $5.72 during trading on Wednesday, reaching $163.93. 454,486 shares of the stock traded hands, compared to its average volume of 977,651. The stock’s 50-day simple moving average is $170.82 and its two-hundred day simple moving average is $204.71. The company has a debt-to-equity ratio of 1.52, a current ratio of 5.72 and a quick ratio of 4.88. Centrus Energy has a fifty-two week low of $142.13 and a fifty-two week high of $464.25. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 54.70, a price-to-earnings-growth ratio of 21.21 and a beta of 1.35.

Centrus Energy (NYSE:LEU) last issued its earnings results on Tuesday, May 5th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.72. The company had revenue of $76.70 million for the quarter, compared to analyst estimates of $76.13 million. Centrus Energy had a return on equity of 13.10% and a net margin of 13.40%.The business’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.60 EPS. As a group, equities research analysts expect that Centrus Energy will post 2.77 EPS for the current year.

Insider Activity

In related news, CFO Todd M. Tinelli sold 306 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $203.55, for a total transaction of $62,286.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.72% of the company’s stock.

Institutional Trading of Centrus Energy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vermillion Wealth Management Inc. increased its holdings in shares of Centrus Energy by 5,000.0% during the 4th quarter. Vermillion Wealth Management Inc. now owns 102 shares of the company’s stock worth $25,000 after purchasing an additional 100 shares during the period. Western Wealth Management LLC acquired a new stake in Centrus Energy during the first quarter worth about $31,000. Fulcrum Asset Management LLP bought a new position in Centrus Energy during the third quarter valued at about $34,000. Leonteq Securities AG acquired a new position in Centrus Energy in the 1st quarter valued at approximately $35,000. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of Centrus Energy in the 4th quarter worth approximately $36,000. 49.96% of the stock is currently owned by institutional investors and hedge funds.

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.