Centrus Energy (NYSE:LEU) Shares Gap Down - What's Next?

Key Points

• Centrus Energy Corp. shares gapped down from a previous close of $377.01 to open at $351.23, closing at $334.44 with a volume of 544,390 shares traded.
• Several analysts have adjusted their ratings and price targets for LEU, with Bank of America setting a target at $285 and Northland Capital Markets upgrading to a "strong-buy" rating.
• The company reported earnings of $1.59 per share, exceeding estimates significantly, despite an 18.3% decline in revenue year-over-year.

Shares of Centrus Energy Corp. (NYSE:LEU - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $377.01, but opened at $351.23. Centrus Energy shares last traded at $334.44, with a volume of 544,390 shares traded.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LEU. Bank of America restated a "neutral" rating and issued a $285.00 target price (up previously from $210.00) on shares of Centrus Energy in a research note on Thursday, August 7th. William Blair reiterated an "outperform" rating on shares of Centrus Energy in a research report on Wednesday, July 9th. Evercore ISI upped 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. Northland Capmk upgraded Centrus Energy to a "strong-buy" rating in a research report on Monday, July 7th. Finally, UBS Group upgraded Centrus Energy to a "hold" rating and set a $215.00 target price on the stock in a research report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $202.09.

Centrus Energy Stock Performance

The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93. The firm's 50 day moving average is $271.87 and its 200-day moving average is $187.86. The stock has a market capitalization of $5.52 billion, a price-to-earnings ratio of 68.71 and a beta of 1.51.

Centrus Energy (NYSE:LEU - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $1.01. Centrus Energy had a net margin of 16.56% and a return on equity of 84.09%. During the same period in the previous year, the company posted $1.89 earnings per share. The business's revenue for the quarter was down 18.3% on a year-over-year basis. Analysts forecast that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. KG&L Capital Management LLC purchased a new position in shares of Centrus Energy during the 3rd quarter valued at approximately $398,000. D.A. Davidson & CO. purchased a new position in shares of Centrus Energy during the 3rd quarter valued at approximately $336,000. Wealth Management Partners LLC purchased a new position in shares of Centrus Energy during the 3rd quarter valued at approximately $302,000. Moody Aldrich Partners LLC purchased a new position in shares of Centrus Energy during the 3rd quarter valued at approximately $3,024,000. Finally, Mather Group LLC. purchased a new position in shares of Centrus Energy during the 3rd quarter valued at approximately $41,000. Hedge funds and other institutional investors own 49.96% of the company's stock.

Centrus Energy Company Profile

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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