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

Centrus Energy (NYSE:LEU) had its target price dropped by equities researchers at JPMorgan Chase & Co. from $120.00 to $100.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 4.36% from the company’s previous close.

Other analysts have also recently issued research reports about the company. B. Riley Financial cut their target price on Centrus Energy from $295.00 to $188.00 and set a “buy” rating for the company in a research report on Wednesday, October 28th. Capital One Financial set a $151.00 price target on Centrus Energy in a report on Tuesday, October 27th. Zacks Research downgraded Centrus Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 27th. Needham & Company LLC cut their price objective on shares of Centrus Energy from $262.00 to $206.00 and set a “buy” rating for the company in a report on Tuesday, October 20th. Finally, Seaport Research Partners upgraded shares of Centrus Energy to an “overweight” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $191.88.

Centrus Energy Trading Down 0.0%

Shares of Centrus Energy stock opened at $104.56 on Friday. Centrus Energy has a fifty-two week low of $84.86 and a fifty-two week high of $345.60. The company has a debt-to-equity ratio of 1.27, a quick ratio of 7.99 and a current ratio of 8.61. The company has a market capitalization of $2.09 billion, a P/E ratio of 30.57, a P/E/G ratio of 10.02 and a beta of 1.40. The company has a fifty day moving average of $136.02 and a 200 day moving average of $181.07.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings results on Wednesday, November 4th. The company reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.33). Centrus Energy had a net margin of 16.77% and a return on equity of 8.73%. The business had revenue of $55.50 million for the quarter. During the same quarter in the previous year, the company posted $0.19 earnings per share. The firm’s revenue for the quarter was down 25.9% on a year-over-year basis. On average, sell-side analysts anticipate that Centrus Energy will post 3.49 earnings per share for the current fiscal year.

Institutional Trading of Centrus Energy

Several institutional investors and hedge funds have recently made changes to their positions in the company. Carlson Financial Inc. boosted its position in Centrus Energy by 2.2% during the second quarter. Carlson Financial Inc. now owns 2,667 shares of the company’s stock valued at $448,000 after purchasing an additional 58 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Centrus Energy by 38.5% in the first quarter. Parallel Advisors LLC now owns 338 shares of the company’s stock worth $59,000 after buying an additional 94 shares during the last quarter. Wellington Management Group LLP lifted its position in Centrus Energy by 7.2% during the 2nd quarter. Wellington Management Group LLP now owns 1,637 shares of the company’s stock worth $275,000 after acquiring an additional 110 shares during the period. NFSG Corp boosted its position in Centrus Energy by 44.8% in the first quarter. NFSG Corp now owns 362 shares of the company’s stock valued at $63,000 after buying an additional 112 shares during the last quarter. Finally, ProShare Advisors LLC lifted its position in Centrus Energy by 5.0% during the third quarter. ProShare Advisors LLC now owns 2,565 shares of the company’s stock valued at $358,000 after purchasing an additional 123 shares during the period. 49.96% of the stock is currently owned by institutional investors.

Centrus Energy Company Profile

Centrus Energy Corp. is a U.S.-based supplier of nuclear fuel and related services. Its main business includes providing low-enriched uranium (LEU), a fuel used by many commercial nuclear power plants, and uranium enrichment services to utilities and other customers.

The company also develops and operates centrifuge technology and provides engineering, manufacturing, and technical services to government and commercial customers. In recent years, Centrus has worked under U.S. Department of Energy contracts to demonstrate production of high-assay low-enriched uranium (HALEU), an advanced fuel intended for certain next-generation reactors.

Formerly known as USEC Inc, the company adopted the Centrus Energy name in 2014.