Centrus Energy (NYSE:LEU) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Centrus Energy (NYSE:LEU) had its target price lifted by equities researchers at JPMorgan Chase & Co. from $178.00 to $180.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential downside of 3.57% from the stock’s current price.

Several other brokerages have also issued reports on LEU. Bank of America cut their price target on Centrus Energy from $240.00 to $205.00 and set a “neutral” rating on the stock in a research note on Thursday, July 9th. Truist Financial initiated coverage on Centrus Energy in a report on Monday, July 13th. They set a “buy” rating and a $215.00 price objective for the company. HC Wainwright restated a “buy” rating and set a $300.00 target price on shares of Centrus Energy in a research report on Monday, July 27th. Zacks Research upgraded shares of Centrus Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Finally, Roth Capital reissued a “neutral” rating and set a $188.00 price target on shares of Centrus Energy in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $246.17.

Centrus Energy Trading Up 4.8%

NYSE:LEU traded up $8.63 during trading hours on Friday, hitting $186.66. 231,894 shares of the stock were exchanged, compared to its average volume of 964,410. The company’s 50 day moving average is $170.75 and its two-hundred day moving average is $198.42. Centrus Energy has a twelve month low of $142.13 and a twelve month high of $464.25. The company has a quick ratio of 4.88, a current ratio of 5.72 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $3.67 billion, a P/E ratio of 84.63, a price-to-earnings-growth ratio of 24.81 and a beta of 1.36.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $1.03. The firm had revenue of $176.10 million for the quarter. Centrus Energy had a return on equity of 7.64% and a net margin of 10.23%.The firm’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.59 earnings per share. On average, sell-side analysts anticipate that Centrus Energy will post 2.53 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Todd M. Tinelli sold 306 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $203.55, for a total value of $62,286.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.72% of the company’s stock.

Hedge Funds Weigh In On Centrus Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LEU. Farther Finance Advisors LLC raised its position in Centrus Energy by 11.0% in the fourth quarter. Farther Finance Advisors LLC now owns 363 shares of the company’s stock worth $88,000 after acquiring an additional 36 shares during the period. Prospera Financial Services Inc boosted its stake in shares of Centrus Energy by 3.1% during the 4th quarter. Prospera Financial Services Inc now owns 1,340 shares of the company’s stock worth $325,000 after acquiring an additional 40 shares during the last quarter. IFP Advisors Inc grew its position in shares of Centrus Energy by 38.3% during the 3rd quarter. IFP Advisors Inc now owns 148 shares of the company’s stock valued at $46,000 after acquiring an additional 41 shares during the period. Lido Advisors LLC grew its position in shares of Centrus Energy by 4.2% during the 3rd 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. Finally, Allworth Financial LP increased its stake in shares of Centrus Energy by 30.5% in the 4th quarter. Allworth Financial LP now owns 312 shares of the company’s stock worth $76,000 after purchasing an additional 73 shares in the last quarter. Institutional investors own 49.96% of the company’s stock.

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.