Centrus Energy (NYSE:LEU) Stock Price Down 5.8% - What's Next?

Key Points

• Centrus Energy's shares recently declined by 5.8%, trading as low as $178.14, with a notable decrease in mid-day trading volume by 14% compared to the average.
• Several analysts have adjusted their price targets, with Bank of America setting a new target of $285.00, while others have given ratings ranging from "sell" to "strong buy," resulting in an average price target of $202.09.
• Despite a quarterly earnings report reflecting a decrease in revenue, Centrus Energy's earnings per share (EPS) of $1.59 exceeded analysts' expectations, contributing to a return on equity of 84.09%.

Centrus Energy Corp. (NYSE:LEU - Get Free Report) dropped 5.8% on Friday . The stock traded as low as $178.31 and last traded at $178.14. Approximately 890,383 shares traded hands during trading, a decline of 14% from the average daily volume of 1,033,639 shares. The stock had previously closed at $189.08.

Analyst Ratings Changes

LEU has been the topic of several analyst reports. Stifel Nicolaus initiated coverage on Centrus Energy in a research report on Friday, July 11th. They set a "buy" rating and a $220.00 target price on the stock. Evercore ISI boosted their target price on Centrus Energy from $251.00 to $252.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. William Blair reissued an "outperform" rating on shares of Centrus Energy in a research report on Wednesday, July 9th. JPMorgan Chase & Co. boosted their target price on Centrus Energy from $150.00 to $164.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Finally, Bank of America reissued a "neutral" rating and set a $285.00 target price (up previously from $210.00) on shares of Centrus Energy in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Centrus Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $202.09.

Centrus Energy Stock Up 5.6%

The company has a 50-day simple moving average of $199.70 and a 200 day simple moving average of $126.61. The company has a market cap of $3.20 billion, a P/E ratio of 39.91 and a beta of 1.35. The company has a current ratio of 2.93, a quick ratio of 2.46 and a debt-to-equity ratio of 3.09.

Centrus Energy (NYSE:LEU - Get Free Report) last announced 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%.The firm's quarterly revenue was down 18.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.89 EPS. On average, equities analysts anticipate that Centrus Energy Corp. will post 2.63 EPS for the current year.

Insider Activity

In other news, CFO Kevin J. Harrill sold 1,728 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $126.00, for a total transaction of $217,728.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company's stock.

Hedge Funds Weigh In On Centrus Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC grew its position 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 worth $34,000 after buying an additional 112 shares in the last quarter. USA Financial Formulas bought a new position in shares of Centrus Energy during the 2nd quarter worth $35,000. Harbour Investments Inc. grew its position in shares of Centrus Energy by 1,181.3% during the 2nd quarter. Harbour Investments Inc. now owns 205 shares of the company's stock worth $38,000 after buying an additional 189 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Centrus Energy by 2,084.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 284 shares of the company's stock worth $52,000 after buying an additional 271 shares in the last quarter. Finally, Stone House Investment Management LLC bought a new position in shares of Centrus Energy during the 1st quarter worth $28,000. 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.