Centrus Energy (NYSE:LEU) Trading Down 6.4% – What’s Next?

Centrus Energy Corp. (NYSE:LEU)’s stock price fell 6.4% on Friday . The company traded as low as $191.04 and last traded at $191.9190. 336,158 shares were traded during trading, a decline of 70% from the average session volume of 1,127,479 shares. The stock had previously closed at $205.09.

Analysts Set New Price Targets

Several analysts have recently issued reports on LEU shares. Northland Securities set a $285.00 target price on Centrus Energy in a report on Thursday, February 12th. Citigroup dropped their price target on Centrus Energy from $292.00 to $225.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. William Blair reiterated an “outperform” rating on shares of Centrus Energy in a research note on Tuesday, January 6th. Evercore reiterated an “outperform” rating and set a $390.00 price objective on shares of Centrus Energy in a research note on Monday, January 5th. Finally, B. Riley Financial raised their target price 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. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $258.83.

Centrus Energy Stock Performance

The stock has a fifty day simple moving average of $242.84 and a two-hundred day simple moving average of $273.51. The company has a debt-to-equity ratio of 1.54, a quick ratio of 4.83 and a current ratio of 5.59. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 44.81 and a beta of 1.26.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.63). Centrus Energy had a return on equity of 15.52% and a net margin of 17.34%.The business had revenue of $146.20 million for the quarter, compared to analyst estimates of $145.40 million. Centrus Energy’s quarterly revenue was down 3.6% on a year-over-year basis. Analysts expect that Centrus Energy Corp. will post 2.63 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Vermillion Wealth Management Inc. boosted its stake in shares of Centrus Energy by 5,000.0% in the 4th quarter. Vermillion Wealth Management Inc. now owns 102 shares of the company’s stock valued at $25,000 after purchasing an additional 100 shares in the last quarter. Aventura Private Wealth LLC acquired a new position in Centrus Energy during the 4th quarter worth approximately $30,000. RiverPark Advisors LLC acquired a new position in Centrus Energy during the 3rd quarter worth approximately $33,000. Fulcrum Asset Management LLP bought a new position in Centrus Energy in the 3rd quarter valued at approximately $34,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in Centrus Energy in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 49.96% of the company’s stock.

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.