Centrus Energy (NYSE:LEU) Sets New 12-Month Low - What's Next?

Key Points

• Centrus Energy shares fell to a new 52-week low, trading as low as $141 and last changing hands near $140.83, well below the 50-day and 200-day moving averages.
• Despite the decline, analysts maintain a “Moderate Buy” consensus with an average price target of $235.71; individual targets range from $180 to $270.
• The company reported strong quarterly results, including $1.77 in EPS versus $0.74 expected and 14% year-over-year revenue growth to $176.1 million. Institutional investors own nearly 50% of the stock and several increased their holdings.

Centrus Energy Corp. (NYSE:LEU - Get Free Report)'s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $141.00 and last traded at $140.8340, with a volume of 314879 shares trading hands. The stock had previously closed at $146.25.

Analyst Upgrades and Downgrades

LEU has been the topic of a number of research reports. Needham & Company LLC decreased their target price on shares of Centrus Energy from $264.00 to $262.00 and set a "buy" rating on the stock in a research note on Friday, August 7th. JPMorgan Chase & Co. increased their price target on Centrus Energy from $178.00 to $180.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. Barclays began coverage on Centrus Energy in a report on Tuesday, August 18th. They set an "equal weight" rating and a $207.00 price objective on the stock. Northland Securities set a $270.00 price objective on Centrus Energy in a research report on Friday. Finally, Roth Capital reaffirmed a "neutral" rating and issued a $188.00 target price on shares of Centrus Energy in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $235.71.

Centrus Energy Stock Performance

The company has a current ratio of 5.39, a quick ratio of 4.52 and a debt-to-equity ratio of 1.39. The company's 50-day simple moving average is $174.51 and its 200-day simple moving average is $183.71. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 64.21, a PEG ratio of 18.55 and a beta of 1.33.

Centrus Energy (NYSE:LEU - Get Free Report) last issued 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. Centrus Energy had a net margin of 10.23% and a return on equity of 7.06%. The company had revenue of $176.10 million for the quarter. During the same quarter last year, the firm posted $1.59 EPS. Centrus Energy's revenue for the quarter was up 14.0% on a year-over-year basis. On average, analysts expect that Centrus Energy Corp. will post 2.75 EPS for the current year.

Institutional Investors Weigh In On Centrus Energy

Institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp boosted its position in shares of Centrus Energy by 14.7% during the 4th quarter. Van ECK Associates Corp now owns 895,867 shares of the company's stock worth $217,481,000 after purchasing an additional 114,881 shares in the last quarter. Bank of New York Mellon Corp increased its position in Centrus Energy by 43.3% in the 4th quarter. Bank of New York Mellon Corp now owns 473,145 shares of the company's stock valued at $114,861,000 after buying an additional 143,069 shares in the last quarter. Geode Capital Management LLC raised its stake in Centrus Energy by 7.8% during the 4th quarter. Geode Capital Management LLC now owns 414,933 shares of the company's stock worth $100,746,000 after buying an additional 29,857 shares during the period. CloudAlpha Capital Management Limited Hong Kong boosted its holdings in Centrus Energy by 33.1% in the fourth quarter. CloudAlpha Capital Management Limited Hong Kong now owns 172,300 shares of the company's stock worth $41,828,000 after acquiring an additional 42,867 shares in the last quarter. Finally, Goehring & Rozencwajg Associates LLC grew its stake in Centrus Energy by 6.3% in the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 171,114 shares of the company's stock valued at $41,540,000 after acquiring an additional 10,127 shares during the period. Institutional investors own 49.96% of the company's stock.

Centrus Energy Company Profile

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 (LEU), which is used to fuel commercial nuclear reactors, as well as uranium enrichment and fuel-cycle services for utilities and other customers.

Centrus is also developing high-assay low-enriched uranium (HALEU), an advanced nuclear fuel intended for certain next-generation reactors. Through its American Centrifuge technology, the company is working to establish domestic enrichment capacity and support the production of HALEU for advanced reactor and national security applications.

The company traces its roots to the U.S.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.