Centrus Energy (NYSE:LEU) Sets New 12-Month Low - Time to Sell?

Key Points

• Centrus Energy shares fell 8.3% to a new 52-week low of $96.31, well below their 50-day and 200-day moving averages.
• Analyst sentiment remains mixed: recent firms lowered price targets or downgraded the stock, but the consensus rating is still “Moderate Buy” with an average target of $193.12.
• The company reported stronger-than-expected quarterly earnings of $1.77 per share on $176.1 million in revenue, up 14% year over year, while continuing to develop HALEU fuel and domestic uranium-enrichment technology.

Centrus Energy Corp. (NYSE:LEU - Get Free Report)'s share price hit a new 52-week low during trading on Monday. The stock traded as low as $96.31 and last traded at $96.5740, with a volume of 442,399 shares changing hands. The stock had previously closed at $103.29.

Analyst Upgrades and Downgrades

LEU has been the subject of a number of recent research reports. HC Wainwright restated a "buy" rating and issued a $300.00 target price on shares of Centrus Energy in a research report on Wednesday, October 21st. Zacks Research cut shares of Centrus Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 27th. JPMorgan Chase & Co. decreased their price target on shares of Centrus Energy from $180.00 to $120.00 and set a "neutral" rating on the stock in a research note on Monday, October 26th. Stifel Nicolaus lowered their price objective on shares of Centrus Energy from $246.00 to $216.00 and set a "buy" rating for the company in a report on Tuesday, August 25th. Finally, Barclays cut their price objective on shares of Centrus Energy from $207.00 to $150.00 and set an "equal weight" rating for the company in a research note on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Centrus Energy currently has an average rating of "Moderate Buy" and an average price target of $193.12.

Centrus Energy Stock Down 8.3%

The company has a market capitalization of $1.89 billion, a P/E ratio of 43.06, a PEG ratio of 9.90 and a beta of 1.41. The company has a debt-to-equity ratio of 1.39, a current ratio of 5.39 and a quick ratio of 4.52. The company has a 50 day moving average of $145.30 and a 200-day moving average of $186.49.

Centrus Energy (NYSE:LEU - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $1.77 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $1.03. The company had revenue of $176.10 million during the quarter. Centrus Energy had a return on equity of 7.06% and a net margin of 10.23%. The business's revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.59 EPS. As a group, equities analysts anticipate that Centrus Energy Corp. will post 3.49 EPS for the current year.

Institutional Trading of Centrus Energy

Several large investors have recently bought and sold shares of the company. Carlson Financial Inc. lifted its stake in shares of Centrus Energy by 2.2% in the 2nd quarter. Carlson Financial Inc. now owns 2,667 shares of the company's stock valued at $448,000 after purchasing an additional 58 shares during the period. Parallel Advisors LLC boosted its position in shares of Centrus Energy by 38.5% in the 1st quarter. Parallel Advisors LLC now owns 338 shares of the company's stock worth $59,000 after purchasing an additional 94 shares in the last quarter. Wellington Management Group LLP raised its stake in Centrus Energy by 7.2% during the second quarter. Wellington Management Group LLP now owns 1,637 shares of the company's stock valued at $275,000 after buying an additional 110 shares during the last quarter. NFSG Corp grew its stake in shares of Centrus Energy by 44.8% in the first quarter. NFSG Corp now owns 362 shares of the company's stock worth $63,000 after acquiring an additional 112 shares during the last quarter. Finally, ProShare Advisors LLC raised its position in shares of Centrus Energy by 5.0% in the 3rd quarter. ProShare Advisors LLC now owns 2,565 shares of the company's stock worth $358,000 after purchasing an additional 123 shares during the last quarter. 49.96% of the stock is owned by institutional investors.

About Centrus Energy

Centrus Energy Corp. NYSE: LEU is a U.S.-based supplier of nuclear fuel and related services. The company provides enriched uranium products, including low-enriched uranium used to fuel commercial nuclear reactors, as well as uranium and fuel-management services for utilities and other customers in the nuclear energy industry.

Centrus is also developing high-assay low-enriched uranium (HALEU), an advanced fuel intended for certain next-generation and small modular reactors. Its American Centrifuge technology is being developed to support domestic uranium enrichment and reduce reliance on foreign fuel-supply chains.

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