B. Riley Financial Has Lowered Expectations for Centrus Energy (NYSE:LEU) Stock Price

Key Points

• B. Riley Financial lowered its Centrus Energy price target from $295 to $188 while maintaining a “buy” rating, implying 71.57% upside from the prior close.
• Analyst sentiment remains positive overall, with Centrus Energy holding a consensus “Moderate Buy” rating and an average target price of $193.12. Other firms’ targets range from $115 to $205, with several analysts recently taking more cautious positions.
• Centrus Energy shares opened at $109.58 and have fallen significantly from their 52-week high of $401.99, despite the company reporting quarterly EPS of $1.77 versus the $0.74 consensus estimate and 14% year-over-year revenue growth.

Centrus Energy (NYSE:LEU - Get Free Report) had its price objective cut by equities research analysts at B. Riley Financial from $295.00 to $188.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a "buy" rating on the stock. B. Riley Financial's target price would indicate a potential upside of 71.57% from the company's previous close.

Other analysts have also recently issued research reports about the stock. TD Cowen assumed coverage on shares of Centrus Energy in a report on Monday. They set a "hold" rating and a $120.00 target price on the stock. Roth Capital set a $115.00 price target on shares of Centrus Energy in a research report on Tuesday, October 20th. Weiss Ratings raised Centrus Energy from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, October 8th. Bank of America decreased their target price 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. Finally, Barclays dropped their price target on Centrus Energy from $207.00 to $150.00 and set an "equal weight" rating for the company in a research note on Thursday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, Centrus Energy presently has a consensus rating of "Moderate Buy" and an average target price of $193.12.

Centrus Energy Trading Up 11.3%

Shares of NYSE:LEU opened at $109.58 on Wednesday. The stock has a market cap of $2.19 billion, a PE ratio of 49.81 and a beta of 1.53. The stock's fifty day simple moving average is $149.53 and its two-hundred day simple moving average is $189.37. Centrus Energy has a 1-year low of $96.80 and a 1-year high of $401.99.

Centrus Energy (NYSE:LEU - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.77 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $1.03. The company had revenue of $176.10 million during the quarter. During the same period in the prior year, the firm earned $1.59 earnings per share. Centrus Energy's revenue for the quarter was up 14.0% on a year-over-year basis. On average, sell-side analysts forecast that Centrus Energy will post 4.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Western Wealth Management LLC purchased a new stake in Centrus Energy in the 1st quarter valued at about $31,000. Leonteq Securities AG purchased a new position in shares of Centrus Energy in the 1st quarter valued at about $35,000. IFP Advisors Inc grew its holdings in Centrus Energy by 172.4% during the 2nd quarter. IFP Advisors Inc now owns 237 shares of the company's stock worth $40,000 after acquiring an additional 150 shares in the last quarter. Vestor Capital LLC acquired a new stake in Centrus Energy in the first quarter valued at $55,000. Finally, Fortitude Family Office LLC lifted its stake in Centrus Energy by 5,100.0% during the third quarter. Fortitude Family Office LLC now owns 416 shares of the company's stock worth $58,000 after purchasing an additional 408 shares during the last quarter. 49.96% of the stock is owned by institutional investors and hedge funds.

About Centrus Energy

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.

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