UBS Group Cuts Centrus Energy (NYSE:LEU) Price Target to $195.00

Centrus Energy (NYSE:LEU) had its target price lowered by UBS Group from $245.00 to $195.00 in a research report sent to investors on Thursday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other analysts have also recently commented on LEU. Weiss Ratings restated a “hold (c)” rating on shares of Centrus Energy in a research report on Monday, December 29th. B. Riley Financial lifted their price objective on Centrus Energy from $221.00 to $315.00 and gave the stock a “buy” rating in a report on Monday, December 22nd. Stifel Nicolaus set a $246.00 price objective on Centrus Energy in a research note on Thursday, February 12th. Evercore reissued an “outperform” rating and set a $390.00 target price on shares of Centrus Energy in a report on Monday, January 5th. Finally, William Blair restated an “outperform” rating on shares of Centrus Energy in a research report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $258.83.

Centrus Energy Price Performance

Centrus Energy stock opened at $188.24 on Thursday. The stock has a market capitalization of $3.70 billion, a P/E ratio of 45.14 and a beta of 1.26. The company’s fifty day moving average price is $257.45 and its 200 day moving average price is $272.81. 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 has a 1 year low of $49.40 and a 1 year high of $464.25.

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

Institutional Investors Weigh In On Centrus Energy

A number of large investors have recently made changes to their positions in LEU. Vanguard Group Inc. grew its holdings in shares of Centrus Energy by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 1,086,443 shares of the company’s stock worth $263,745,000 after purchasing an additional 14,325 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Centrus Energy by 6.7% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 936,477 shares of the company’s stock valued at $290,376,000 after buying an additional 58,634 shares during the period. Van ECK Associates Corp lifted its position in Centrus Energy by 14.7% in the fourth quarter. Van ECK Associates Corp now owns 895,867 shares of the company’s stock valued at $217,481,000 after buying an additional 114,881 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Centrus Energy by 43.3% during the fourth quarter. Bank of New York Mellon Corp now owns 473,145 shares of the company’s stock worth $114,861,000 after buying an additional 143,069 shares during the period. Finally, American Century Companies Inc. increased its position in shares of Centrus Energy by 78.8% during the third quarter. American Century Companies Inc. now owns 442,261 shares of the company’s stock valued at $137,132,000 after acquiring an additional 194,909 shares during the last quarter. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

About Centrus Energy

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.