JPMorgan Chase & Co. Issues Pessimistic Forecast for Centrus Energy (NYSE:LEU) Stock Price

Centrus Energy (NYSE:LEU) had its price objective lowered by research analysts at JPMorgan Chase & Co. from $275.00 to $245.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential downside of 16.71% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. UBS Group raised shares of Centrus Energy to a “hold” rating and set a $215.00 price objective on the stock in a research report on Monday, July 21st. Bank of America reiterated a “neutral” rating and set a $285.00 price objective (up from $210.00) on shares of Centrus Energy in a research note on Thursday, August 7th. HC Wainwright restated a “buy” rating and set a $300.00 target price on shares of Centrus Energy in a research note on Tuesday, August 26th. Stifel Nicolaus began coverage on shares of Centrus Energy in a research note on Friday, July 11th. They issued a “buy” rating and a $220.00 price target on the stock. Finally, Northland Securities set a $275.00 target price on Centrus Energy in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Centrus Energy has an average rating of “Moderate Buy” and an average target price of $224.60.

Centrus Energy Price Performance

Shares of LEU traded up $16.38 during mid-day trading on Friday, hitting $294.16. 1,887,109 shares of the company traded hands, compared to its average volume of 1,160,386. The business has a 50-day moving average of $310.58 and a 200 day moving average of $211.67. Centrus Energy has a one year low of $49.40 and a one year high of $464.25. The company has a current ratio of 2.93, a quick ratio of 2.46 and a debt-to-equity ratio of 3.09. The stock has a market capitalization of $5.36 billion, a price-to-earnings ratio of 66.70 and a beta of 1.56.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.17). Centrus Energy had a net margin of 16.56% and a return on equity of 84.09%. The company’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same period last year, the company posted ($0.30) earnings per share. As a group, equities analysts expect that Centrus Energy will post 2.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Centrus Energy

Several institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC grew its stake in shares of Centrus Energy by 15.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 327 shares of the company’s stock worth $101,000 after acquiring an additional 43 shares during the period. Rothschild Investment LLC raised its position in shares of Centrus Energy by 54.9% in the third quarter. Rothschild Investment LLC now owns 127 shares of the company’s stock worth $39,000 after buying an additional 45 shares in the last quarter. ORG Partners LLC boosted its position in shares of Centrus Energy by 59.4% during the 3rd quarter. ORG Partners LLC now owns 169 shares of the company’s stock valued at $52,000 after acquiring an additional 63 shares during the last quarter. Denali Advisors LLC lifted its position in Centrus Energy by 7.1% during the third quarter. Denali Advisors LLC now owns 1,500 shares of the company’s stock valued at $465,000 after purchasing an additional 100 shares during the last quarter. Finally, Ameritas Investment Partners Inc. grew its position in Centrus Energy by 7.9% in the second quarter. Ameritas Investment Partners Inc. now owns 1,510 shares of the company’s stock worth $277,000 after acquiring an additional 111 shares in the last quarter. Institutional investors own 49.96% of the company’s stock.

Centrus Energy Company Profile

Centrus Energy Corp. supplies nuclear fuel components and services for the nuclear power industry in the United States, Belgium, Japan, and internationally. The company operates through two segments, Low-Enriched Uranium (LEU) and Technical Solutions. The LEU segment sells separative work units (SWU) components of LEU; natural uranium hexafluoride, uranium concentrates, and uranium conversion; and enriched uranium products to utilities that operate nuclear power plants.