Centrus Energy (NYSE:LEU) Price Target Raised to $180.00

Key Points

• JPMorgan raised Centrus Energy’s price target to $180 from $178 while maintaining a “neutral” rating, implying approximately 3.57% downside from the reported share price.
• Analyst sentiment remains broadly positive, with an average “Moderate Buy” rating and consensus price target of $246.17, although ratings range from “Strong Buy” to “Hold.”
• Centrus Energy reported quarterly EPS of $1.77, well above the $0.74 consensus estimate, while revenue rose 14% year over year to $176.1 million.

Centrus Energy (NYSE:LEU - Get Free Report) had its target price increased by investment analysts at JPMorgan Chase & Co. from $178.00 to $180.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective suggests a potential downside of 3.57% from the company's current price.

LEU has been the subject of a number of other reports. HC Wainwright reissued a "buy" rating and issued a $300.00 target price on shares of Centrus Energy in a report on Monday, July 27th. Zacks Research raised Centrus Energy from a "strong sell" rating to a "hold" rating in a research note on Monday, May 18th. Truist Financial started coverage on Centrus Energy in a research report on Monday, July 13th. They issued a "buy" rating and a $215.00 price target on the stock. Citigroup dropped their price objective on Centrus Energy from $224.00 to $218.00 and set a "neutral" rating for the company in a research note on Friday, May 8th. Finally, B. Riley Financial cut their price objective on Centrus Energy from $315.00 to $295.00 and set a "buy" rating for the company in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Centrus Energy presently has an average rating of "Moderate Buy" and an average price target of $246.17.

Centrus Energy Price Performance

Shares of LEU stock traded up $8.63 during mid-day trading on Friday, reaching $186.66. The company's stock had a trading volume of 231,894 shares, compared to its average volume of 964,410. The firm's 50-day moving average is $170.75 and its two-hundred day moving average is $198.42. The company has a market cap of $3.67 billion, a P/E ratio of 84.63, a PEG ratio of 24.81 and a beta of 1.36. Centrus Energy has a 1-year low of $142.13 and a 1-year high of $464.25. The company has a debt-to-equity ratio of 1.52, a quick ratio of 4.88 and a current ratio of 5.72.

Centrus Energy (NYSE:LEU - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $1.77 earnings per share for the quarter, beating the consensus estimate of $0.74 by $1.03. The business had revenue of $176.10 million for the quarter. Centrus Energy had a net margin of 10.23% and a return on equity of 7.64%. Centrus Energy's revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.59 earnings per share. On average, research analysts predict that Centrus Energy will post 2.53 earnings per share for the current year.

Insider Buying and Selling at Centrus Energy

In other news, CFO Todd M. Tinelli sold 306 shares of Centrus Energy stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $203.55, for a total value of $62,286.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.72% of the company's stock.

Institutional Investors Weigh In On Centrus Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of LEU. Vermillion Wealth Management Inc. boosted its stake in Centrus Energy by 5,000.0% in the fourth quarter. Vermillion Wealth Management Inc. now owns 102 shares of the company's stock worth $25,000 after purchasing an additional 100 shares in the last quarter. Western Wealth Management LLC acquired a new stake in shares of Centrus Energy in the first quarter valued at $31,000. Fulcrum Asset Management LLP bought a new position in shares of Centrus Energy in the third quarter valued at about $34,000. Leonteq Securities AG bought a new position in shares of Centrus Energy in the first quarter valued at about $35,000. Finally, Hilton Head Capital Partners LLC acquired a new position in Centrus Energy during the 4th quarter worth about $36,000. 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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