Centrus Energy (NYSE:LEU) Price Target Cut to $225.00 by Analysts at Citigroup

Centrus Energy (NYSE:LEU) had its target price reduced by Citigroup from $292.00 to $225.00 in a research report released on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

Several other research analysts have also commented on the company. Zacks Research lowered Centrus Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Centrus Energy in a report on Monday, December 29th. B. Riley Financial raised their price target on shares of Centrus Energy from $221.00 to $315.00 and gave the company a “buy” rating in a report on Monday, December 22nd. JPMorgan Chase & Co. reduced their price objective on shares of Centrus Energy from $245.00 to $242.00 and set a “neutral” rating for the company in a research note on Thursday, February 5th. Finally, UBS Group set a $245.00 target price on shares of Centrus Energy in a research note on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $263.00.

Centrus Energy Trading Up 3.3%

NYSE:LEU opened at $206.00 on Wednesday. The firm has a 50-day simple moving average of $268.64 and a 200-day simple moving average of $272.95. Centrus Energy has a one year low of $49.40 and a one year high of $464.25. The firm has a market cap of $3.75 billion, a P/E ratio of 49.40 and a beta of 1.21. The company has a debt-to-equity ratio of 1.54, a quick ratio of 4.83 and a current ratio of 5.59.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.63). The business had revenue of $146.20 million for the quarter, compared to analysts’ expectations of $145.40 million. Centrus Energy had a net margin of 17.34% and a return on equity of 15.52%. Centrus Energy’s revenue for the quarter was down 3.6% compared to the same quarter last year. Equities analysts anticipate that Centrus Energy will post 2.63 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Alpine Woods Capital Investors LLC purchased a new stake in Centrus Energy in the fourth quarter valued at approximately $612,000. Beacon Pointe Advisors LLC lifted its stake in Centrus Energy by 251.0% during the 4th quarter. Beacon Pointe Advisors LLC now owns 2,671 shares of the company’s stock valued at $648,000 after acquiring an additional 1,910 shares during the period. State of Tennessee Department of Treasury acquired a new stake in Centrus Energy during the 4th quarter valued at approximately $170,000. NewEdge Advisors LLC increased its stake in shares of Centrus Energy by 65.6% in the fourth quarter. NewEdge Advisors LLC now owns 4,056 shares of the company’s stock worth $985,000 after acquiring an additional 1,606 shares during the period. Finally, Empowered Funds LLC raised its holdings in shares of Centrus Energy by 7.5% during the fourth quarter. Empowered Funds LLC now owns 1,435 shares of the company’s stock worth $348,000 after purchasing an additional 100 shares during the last quarter. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

Centrus Energy Company Profile

Centrus Energy Corp is a U.S.-based supplier of nuclear fuel and enrichment services, specializing in the production of low-enriched uranium (LEU) for commercial power reactors and highly enriched uranium for naval propulsion. Through its Centrus Global subsidiary, the company provides technical support, fuel fabrication services and recycled uranium products to utilities operating light-water reactors. Centrus also develops advanced centrifuge technologies aimed at improving enrichment efficiency and reducing the cost of nuclear fuel.

Originally founded as the United States Enrichment Corporation (USEC) in 1998 following a spin-out from the U.S.