Centrus Energy (NYSE:LEU) Stock Price Target Cut by Truist Financial

Key Points

• Truist Financial cut Centrus Energy’s price target from $215 to $178 while maintaining a “buy” rating, implying 63.43% upside from the previous close.
• Analyst sentiment remains generally positive, with a “Moderate Buy” consensus and an average price target of $220.07, although targets and ratings vary widely among firms.
• Centrus reported quarterly EPS of $1.77, beating the $0.74 consensus estimate, while revenue rose 14% year over year to $176.1 million; institutional investors own nearly 50% of the stock.

Centrus Energy (NYSE:LEU - Get Free Report) had its price objective reduced by research analysts at Truist Financial from $215.00 to $178.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. Truist Financial's price objective would indicate a potential upside of 63.43% from the company's previous close.

Several other equities research analysts also recently weighed in on the company. Bank of America cut their price objective on Centrus Energy from $240.00 to $205.00 and set a "neutral" rating on the stock in a report on Thursday, July 9th. JPMorgan Chase & Co. upped their target price on Centrus Energy from $178.00 to $180.00 and gave the stock a "neutral" rating in a report on Friday, August 7th. Roth Capital set a $115.00 target price on Centrus Energy in a report on Tuesday. Northland Securities set a $270.00 target price on Centrus Energy in a research report on Friday, September 11th. Finally, Guggenheim began coverage on Centrus Energy in a research report on Thursday, October 8th. They issued a "buy" rating and a $167.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $220.07.

Centrus Energy Stock Performance

Shares of Centrus Energy stock opened at $108.92 on Thursday. The company's 50 day moving average price is $156.06 and its two-hundred day moving average price is $172.38. The firm has a market capitalization of $2.17 billion, a P/E ratio of 49.94, a P/E/G ratio of 8.73 and a beta of 1.53. Centrus Energy has a fifty-two week low of $106.00 and a fifty-two week high of $401.99. The company has a debt-to-equity ratio of 1.39, a current ratio of 5.39 and a quick ratio of 4.52.

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 (EPS) for the quarter, topping the consensus estimate of $0.74 by $1.03. The company had revenue of $176.10 million during the quarter. Centrus Energy had a net margin of 10.23% and a return on equity of 7.06%. The firm's quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the company posted $1.59 earnings per share. On average, equities analysts forecast that Centrus Energy will post 4.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Centrus Energy

A number of institutional investors have recently added to or reduced their stakes in LEU. WINTON GROUP Ltd bought a new position in Centrus Energy during the 2nd quarter worth approximately $1,356,000. Arlington Capital Management Inc. acquired a new position in shares of Centrus Energy in the 1st quarter worth approximately $3,115,000. Engineers Gate Manager LP boosted its stake in shares of Centrus Energy by 261.4% in the 2nd quarter. Engineers Gate Manager LP now owns 4,756 shares of the company's stock valued at $798,000 after purchasing an additional 3,440 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of Centrus Energy by 24.3% in the 1st quarter. California State Teachers Retirement System now owns 19,606 shares of the company's stock valued at $3,403,000 after purchasing an additional 3,837 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Centrus Energy by 217.4% in the 1st quarter. Renaissance Technologies LLC now owns 160,542 shares of the company's stock valued at $27,868,000 after purchasing an additional 109,960 shares during the last quarter. 49.96% of the stock is owned by institutional investors.

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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