Centrus Energy (NYSE:LEU) Given New $216.00 Price Target at Stifel Nicolaus

Key Points

• Stifel Nicolaus cut Centrus Energy’s price target to $216 from $246 while maintaining a “buy” rating, implying 22.17% upside from the prior close.
• Analyst sentiment remains favorable overall, with Centrus carrying a “Moderate Buy” consensus rating and an average price target of $242; individual targets range from $207 to $300.
• Centrus reported quarterly EPS of $1.77, exceeding the $0.74 consensus estimate, while revenue rose 14% year over year to $176.1 million. The stock opened at $176.80 and is down 5.1%.

Centrus Energy (NYSE:LEU - Get Free Report) had its target price cut by Stifel Nicolaus from $246.00 to $216.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus' target price would suggest a potential upside of 22.17% from the stock's previous close.

A number of other equities research analysts have also recently commented on the stock. Zacks Research raised shares of Centrus Energy from a "strong sell" rating to a "hold" rating in a research note on Monday, May 18th. Truist Financial started coverage on shares of Centrus Energy in a report on Monday, July 13th. They issued a "buy" rating and a $215.00 price target on the stock. HC Wainwright reiterated a "buy" rating and issued a $300.00 price target on shares of Centrus Energy in a research report on Monday, July 27th. Barclays started coverage on shares of Centrus Energy in a research note on Tuesday, August 18th. They set an "equal weight" rating and a $207.00 price objective for the company. Finally, Citigroup cut their price objective on Centrus Energy from $224.00 to $218.00 and set a "neutral" rating for the company in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, Centrus Energy currently has an average rating of "Moderate Buy" and an average target price of $242.00.

Centrus Energy Stock Down 5.1%

LEU opened at $176.80 on Tuesday. 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 company has a market cap of $3.53 billion, a price-to-earnings ratio of 80.36, a PEG ratio of 23.95 and a beta of 1.36. Centrus Energy has a one year low of $142.13 and a one year high of $464.25. The business's fifty day moving average is $173.86 and its two-hundred day moving average is $188.67.

Centrus Energy (NYSE:LEU - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $1.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $1.03. The business 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 company's quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.59 EPS. Analysts anticipate that Centrus Energy will post 2.6 EPS for the current fiscal year.

Institutional Investors Weigh In On Centrus Energy

Several hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC raised its position in shares of Centrus Energy by 11.0% in the fourth quarter. Farther Finance Advisors LLC now owns 363 shares of the company's stock valued at $88,000 after buying an additional 36 shares during the last quarter. Prospera Financial Services Inc raised its holdings in Centrus Energy by 3.1% in the 4th quarter. Prospera Financial Services Inc now owns 1,340 shares of the company's stock valued at $325,000 after acquiring an additional 40 shares during the last quarter. IFP Advisors Inc increased its stake in Centrus Energy by 38.3% in the third quarter. IFP Advisors Inc now owns 148 shares of the company's stock valued at $46,000 after purchasing an additional 41 shares during the last quarter. Lido Advisors LLC lifted its holdings 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 worth $353,000 after acquiring an additional 46 shares during the period. Finally, Carlson Financial Inc. raised its stake in Centrus Energy by 2.2% during the second quarter. Carlson Financial Inc. now owns 2,667 shares of the company's stock worth $448,000 after purchasing an additional 58 shares during the period. 49.96% of the stock is owned by institutional investors and hedge funds.

About Centrus Energy

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.

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