JPMorgan Chase & Co. Begins Coverage on Centrus Energy (NYSE:LEU)

Research analysts at JPMorgan Chase & Co. assumed coverage on shares of Centrus Energy (NYSE:LEU - Get Free Report) in a report issued on Thursday,Benzinga reports. The firm set a "neutral" rating and a $148.00 price target on the stock. JPMorgan Chase & Co.'s target price suggests a potential downside of 18.31% from the stock's current price.

A number of other research analysts have also recently commented on the stock. Bank of America assumed coverage on shares of Centrus Energy in a research report on Wednesday, June 4th. They issued a "buy" rating and a $160.00 target price on the stock. Citigroup started coverage on shares of Centrus Energy in a report on Tuesday, March 4th. They issued a "neutral" rating and a $104.00 price objective on the stock. B. Riley lifted their target price on shares of Centrus Energy from $134.00 to $221.00 and gave the company a "buy" rating in a report on Monday. Evercore ISI reissued an "outperform" rating and issued a $205.00 target price (up previously from $145.00) on shares of Centrus Energy in a research report on Wednesday, June 18th. Finally, Craig Hallum started coverage on Centrus Energy in a research report on Tuesday, April 1st. They set a "buy" rating and a $129.00 price target for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Centrus Energy presently has a consensus rating of "Hold" and an average price target of $165.63.

Centrus Energy Trading Down 5.7%

Shares of LEU opened at $181.18 on Thursday. The company has a current ratio of 2.93, a quick ratio of 2.46 and a debt-to-equity ratio of 3.09. The firm has a 50-day moving average price of $112.03 and a 200 day moving average price of $90.16. Centrus Energy has a 12-month low of $33.51 and a 12-month high of $211.31. The firm has a market capitalization of $3.09 billion, a P/E ratio of 41.08 and a beta of 1.36.

Centrus Energy (NYSE:LEU - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $1.60 EPS for the quarter, beating the consensus estimate of ($0.08) by $1.68. Centrus Energy had a net margin of 16.56% and a return on equity of 84.09%. The company's quarterly revenue was up 67.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.38) EPS. Sell-side analysts forecast that Centrus Energy will post 2.63 EPS for the current year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Cape Investment Advisory Inc. purchased a new stake in Centrus Energy in the fourth quarter valued at $27,000. PNC Financial Services Group Inc. increased its position in shares of Centrus Energy by 77.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 440 shares of the company's stock worth $29,000 after purchasing an additional 192 shares in the last quarter. Stone House Investment Management LLC purchased a new stake in shares of Centrus Energy in the 1st quarter valued at about $28,000. State of Wyoming acquired a new stake in shares of Centrus Energy in the 4th quarter valued at about $33,000. Finally, Comerica Bank boosted its position in shares of Centrus Energy by 589.5% in the 1st quarter. Comerica Bank now owns 655 shares of the company's stock valued at $41,000 after purchasing an additional 560 shares during the period. Institutional investors and hedge funds 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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