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

Centrus Energy (NYSE:LEU) had its price objective dropped by JPMorgan Chase & Co. from $180.00 to $120.00 in a report issued on Monday, Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 18.16% from the stock’s current price.

A number of other analysts have also recently weighed in on the company. Truist Financial dropped their price target on Centrus Energy from $215.00 to $178.00 and set a “buy” rating on the stock in a research report on Thursday. Northland Securities set a $270.00 price objective on Centrus Energy in a research report on Friday, September 11th. Needham & Company LLC lowered their price objective on Centrus Energy from $262.00 to $206.00 and set a “buy” rating for the company in a research note on Tuesday, October 20th. Jefferies Financial Group assumed coverage on Centrus Energy in a research report on Thursday, September 3rd. They issued a “hold” rating and a $169.00 target price on the stock. Finally, HC Wainwright reiterated a “buy” rating and issued a $300.00 target price on shares of Centrus Energy in a research note on Wednesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, Centrus Energy has a consensus rating of “Moderate Buy” and a consensus price target of $202.44.

Centrus Energy Stock Performance

LEU traded down $0.89 on Monday, hitting $101.56. 341,706 shares of the company’s stock were exchanged, compared to its average volume of 906,188. The company has a current ratio of 5.39, a quick ratio of 4.52 and a debt-to-equity ratio of 1.39. The stock has a fifty day moving average of $152.53 and a two-hundred day moving average of $171.25. Centrus Energy has a twelve month low of $96.80 and a twelve month high of $401.99. The firm has a market cap of $2.03 billion, a PE ratio of 46.16, a P/E/G ratio of 8.14 and a beta of 1.53.

Centrus Energy (NYSE:LEU) last issued its earnings results on Wednesday, August 5th. The company reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $1.03. The company had revenue of $176.10 million during the quarter. Centrus Energy had a return on equity of 7.06% and a net margin of 10.23%. The business’s revenue was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.59 earnings per share. On average, research analysts anticipate that Centrus Energy will post 4.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Centrus Energy

Several large investors have recently bought and sold shares of the stock. Western Wealth Management LLC acquired a new stake in shares of Centrus Energy in the 1st quarter worth approximately $31,000. Leonteq Securities AG acquired a new position in shares of Centrus Energy during the first quarter valued at approximately $35,000. IFP Advisors Inc increased its stake in shares of Centrus Energy by 172.4% during the second quarter. IFP Advisors Inc now owns 237 shares of the company’s stock valued at $40,000 after acquiring an additional 150 shares during the period. Vestor Capital LLC acquired a new position in shares of Centrus Energy during the first quarter valued at approximately $55,000. Finally, Parallel Advisors LLC raised its holdings in Centrus Energy by 38.5% during the first quarter. Parallel Advisors LLC now owns 338 shares of the company’s stock worth $59,000 after purchasing an additional 94 shares in the last quarter. Institutional investors and hedge funds own 49.96% of the company’s stock.

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.