Centrus Energy (NYSE:LEU) Price Target Lowered to $225.00 at Citigroup

Centrus Energy (NYSE:LEU) had its price target dropped by equities research analysts at Citigroup from $292.00 to $225.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price target indicates a potential upside of 8.74% from the company’s current price.

Several other research analysts also recently weighed in on the stock. Stifel Nicolaus set a $246.00 target price on shares of Centrus Energy in a research note on Thursday, February 12th. William Blair reissued an “outperform” rating on shares of Centrus Energy in a research report on Tuesday, January 6th. UBS Group set a $245.00 price objective on Centrus Energy in a report on Tuesday, November 25th. Weiss Ratings restated a “hold (c)” rating on shares of Centrus Energy in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Centrus Energy from $245.00 to $242.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $263.00.

Centrus Energy Stock Performance

LEU traded up $7.56 during trading on Wednesday, reaching $206.91. The company’s stock had a trading volume of 513,329 shares, compared to its average volume of 1,415,400. 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 company’s fifty day moving average price is $269.83 and its 200-day moving average price is $273.42. Centrus Energy has a 52-week low of $49.40 and a 52-week high of $464.25. The company has a market capitalization of $3.77 billion, a price-to-earnings ratio of 49.64 and a beta of 1.21.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings results 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 firm had revenue of $146.20 million during 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%. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. On average, equities analysts forecast that Centrus Energy will post 2.63 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. 360 Financial Inc. bought a new position in Centrus Energy during the 2nd quarter valued at $220,000. TB Alternative Assets Ltd. increased its holdings in Centrus Energy by 125.1% in the 3rd quarter. TB Alternative Assets Ltd. now owns 93,888 shares of the company’s stock worth $29,112,000 after acquiring an additional 52,181 shares during the last quarter. Moody Aldrich Partners LLC bought a new position in Centrus Energy in the 3rd quarter worth about $3,024,000. Whalen Wealth Management Inc. bought a new stake in Centrus Energy during the second quarter valued at approximately $230,000. Finally, Nordea Investment Management AB purchased a new stake in Centrus Energy during the 3rd quarter valued at about $5,427,000. 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 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.