Centrus Energy (NYSE:LEU) Given New $164.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has raised its price target for Centrus Energy (NYSE:LEU) from $150.00 to $164.00, indicating a potential downside of 29.82% from the current price.
• Centrus Energy's stock has been rated with a mix of recommendations: one sell, six holds, seven buys, and one strong buy, resulting in an average rating of "Moderate Buy."
• In the last quarter, Centrus Energy reported an EPS of $1.59, beating estimates by $1.01, despite an 18.3% year-over-year decline in revenue.

Centrus Energy (NYSE:LEU - Get Free Report) had its price objective upped by analysts at JPMorgan Chase & Co. from $150.00 to $164.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective indicates a potential downside of 29.82% from the stock's current price.

Other equities research analysts have also issued reports about the stock. Stifel Nicolaus assumed coverage on shares of Centrus Energy in a research note on Friday, July 11th. They set a "buy" rating and a $220.00 target price on the stock. UBS Group raised Centrus Energy to a "hold" rating and set a $215.00 price objective on the stock in a research note on Monday, July 21st. Bank of America reiterated a "neutral" rating and set a $285.00 target price (up previously from $210.00) on shares of Centrus Energy in a research note on Thursday. Northland Securities assumed coverage on Centrus Energy in a research report on Monday, July 7th. They issued an "outperform" rating and a $205.00 price target for the company. Finally, William Blair restated an "outperform" rating on shares of Centrus Energy in a research note on Wednesday, July 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $191.45.

Centrus Energy Stock Performance

NYSE:LEU traded up $1.29 on Thursday, reaching $233.68. 1,438,629 shares of the company's stock were exchanged, compared to its average volume of 994,404. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of 52.99 and a beta of 1.35. The company has a debt-to-equity ratio of 3.09, a current ratio of 2.93 and a quick ratio of 2.46. The stock has a fifty day simple moving average of $187.75 and a 200-day simple moving average of $118.85. Centrus Energy has a 52 week low of $34.91 and a 52 week high of $264.90.

Centrus Energy (NYSE:LEU - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $0.58 by $1.01. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%. Centrus Energy's revenue was down 18.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.89 EPS. As a group, sell-side analysts predict that Centrus Energy will post 2.63 earnings per share for the current year.

Insider Buying and Selling

In other Centrus Energy news, SVP John M. A. Donelson sold 3,732 shares of the firm's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $96.31, for a total transaction of $359,428.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kevin J. Harrill sold 1,728 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $126.00, for a total value of $217,728.00. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC increased its stake in shares of Centrus Energy by 157.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 183 shares of the company's stock valued at $34,000 after acquiring an additional 112 shares during the last quarter. Atlatl Advisers LLC lifted its stake in shares of Centrus Energy by 4.2% in the second quarter. Atlatl Advisers LLC now owns 4,015 shares of the company's stock worth $735,000 after buying an additional 160 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in Centrus Energy by 0.6% in the fourth quarter. Nuveen Asset Management LLC now owns 29,226 shares of the company's stock valued at $1,947,000 after buying an additional 188 shares during the period. Harbour Investments Inc. grew its stake in shares of Centrus Energy by 1,181.3% in the second quarter. Harbour Investments Inc. now owns 205 shares of the company's stock valued at $38,000 after buying an additional 189 shares in the last quarter. Finally, USA Financial Formulas bought a new position in shares of Centrus Energy in the 2nd quarter valued at $35,000. Hedge funds and other institutional investors own 49.96% of the company's stock.

About Centrus Energy

Centrus Energy Corp. supplies nuclear fuel components and services for the nuclear power industry in the United States, Belgium, Japan, and internationally. The company operates through two segments, Low-Enriched Uranium (LEU) and Technical Solutions. The LEU segment sells separative work units (SWU) components of LEU; natural uranium hexafluoride, uranium concentrates, and uranium conversion; and enriched uranium products to utilities that operate nuclear power plants.

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