JPMorgan Chase & Co. Has Lowered Expectations for Centrus Energy (NYSE:LEU) Stock Price

Key Points

• JPMorgan cut its Centrus Energy price target from $120 to $100 and maintained a neutral rating, implying 4.36% downside from the stock’s current price.
• Analyst views remain mixed: MarketBeat reports a “Moderate Buy” consensus and an average price target of $191.88, while several firms have recently lowered their targets.
• Centrus missed quarterly earnings expectations, reporting a loss of $0.46 per share versus the expected loss of $0.13; revenue fell 25.9% year over year to $55.5 million.

Centrus Energy (NYSE:LEU - Get Free Report) had its target price decreased by research analysts at JPMorgan Chase & Co. from $120.00 to $100.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target indicates a potential downside of 4.36% from the company's current price.

A number of other research analysts have also recently commented on LEU. Capital One Financial set a $151.00 target price on Centrus Energy in a research note on Tuesday, October 27th. HC Wainwright restated a "buy" rating and issued a $300.00 price target on shares of Centrus Energy in a research note on Wednesday, October 21st. UBS Group reduced their price objective on Centrus Energy from $185.00 to $120.00 and set a "neutral" rating for the company in a research report on Friday, October 23rd. Bank of America lowered their price objective on Centrus Energy from $240.00 to $205.00 and set a "neutral" rating for the company in a research note on Thursday, July 9th. Finally, Truist Financial dropped their target price on Centrus Energy from $215.00 to $178.00 and set a "buy" rating on the stock in a report on Thursday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $191.88.

Centrus Energy Price Performance

Shares of NYSE LEU opened at $104.56 on Friday. Centrus Energy has a 1 year low of $84.86 and a 1 year high of $345.60. The stock has a market capitalization of $2.09 billion, a P/E ratio of 30.57, a P/E/G ratio of 10.02 and a beta of 1.40. The company's 50-day moving average is $136.02 and its 200 day moving average is $181.07. The company has a debt-to-equity ratio of 1.27, a current ratio of 8.61 and a quick ratio of 7.99.

Centrus Energy (NYSE:LEU - Get Free Report) last issued its quarterly earnings data on Wednesday, November 4th. The company reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.33). The company had revenue of $55.50 million during the quarter. Centrus Energy had a return on equity of 8.73% and a net margin of 16.77%. Centrus Energy's revenue for the quarter was down 25.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.19 EPS. On average, sell-side analysts expect that Centrus Energy will post 3.49 earnings per share for the current year.

Institutional Investors Weigh In On Centrus Energy

Hedge funds have recently added to or reduced their stakes in the stock. Goehring & Rozencwajg Associates LLC increased its stake in shares of Centrus Energy by 18.1% in the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 202,058 shares of the company's stock worth $35,075,000 after purchasing an additional 30,944 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Centrus Energy by 217.4% in the 1st quarter. Renaissance Technologies LLC now owns 160,542 shares of the company's stock worth $27,868,000 after purchasing an additional 109,960 shares during the period. Granahan Investment Management LLC lifted its position in Centrus Energy by 19.2% during the first quarter. Granahan Investment Management LLC now owns 89,690 shares of the company's stock valued at $15,569,000 after purchasing an additional 14,455 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Centrus Energy in the third quarter worth about $6,744,000. Finally, Atlas Wealth LLC bought a new position in shares of Centrus Energy in the first quarter worth about $4,376,000. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

Centrus Energy Company Profile

Centrus Energy Corp. is a U.S.-based supplier of nuclear fuel and related services. Its main business includes providing low-enriched uranium (LEU), a fuel used by many commercial nuclear power plants, and uranium enrichment services to utilities and other customers.

The company also develops and operates centrifuge technology and provides engineering, manufacturing, and technical services to government and commercial customers. In recent years, Centrus has worked under U.S. Department of Energy contracts to demonstrate production of high-assay low-enriched uranium (HALEU), an advanced fuel intended for certain next-generation reactors.

Formerly known as USEC Inc, the company adopted the Centrus Energy name in 2014.

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