Centrus Energy (NYSE:LEU) Stock Gets Price Target Reduction from JPMorgan Chase & Co.

Centrus Energy (NYSE:LEU) had its price target trimmed by JPMorgan Chase & Co. from $180.00 to $120.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other research firms have also weighed in on LEU. Stifel Nicolaus lowered their target price on Centrus Energy from $246.00 to $216.00 and set a “buy” rating on the stock in a report on Tuesday, August 25th. Roth Capital set a $115.00 price target on Centrus Energy in a research note on Tuesday, October 20th. HC Wainwright reaffirmed a “buy” rating and set a $300.00 price target on shares of Centrus Energy in a research note on Wednesday, October 21st. Zacks Research upgraded shares of Centrus Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 28th. Finally, Bank of America lowered their price objective on shares of Centrus Energy from $240.00 to $205.00 and set a “neutral” rating on the stock in a research note on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $193.12.

Centrus Energy Trading Up 2.1%

Shares of Centrus Energy stock opened at $111.77 on Monday. The company has a 50-day moving average of $148.25 and a two-hundred day moving average of $188.50. Centrus Energy has a 12-month low of $96.80 and a 12-month high of $401.99. The company has a current ratio of 5.39, a quick ratio of 4.52 and a debt-to-equity ratio of 1.39. The stock has a market cap of $2.23 billion, a PE ratio of 50.80, a price-to-earnings-growth ratio of 8.14 and a beta of 1.53.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $1.77 EPS for the quarter, topping the consensus estimate of $0.74 by $1.03. Centrus Energy had a return on equity of 7.06% and a net margin of 10.23%. The business had revenue of $176.10 million for the quarter. During the same period last year, the firm earned $1.59 EPS. Centrus Energy’s revenue was up 14.0% compared to the same quarter last year. On average, research analysts anticipate that Centrus Energy will post 4.21 EPS for the current fiscal year.

Institutional Trading of Centrus Energy

Large investors have recently made changes to their positions in the stock. Western Wealth Management LLC purchased a new position in Centrus Energy in the 1st quarter valued at about $31,000. Leonteq Securities AG purchased a new stake in shares of Centrus Energy during the first quarter worth about $35,000. IFP Advisors Inc grew its holdings in shares of Centrus Energy by 172.4% during the second quarter. IFP Advisors Inc now owns 237 shares of the company’s stock worth $40,000 after buying an additional 150 shares in the last quarter. Vestor Capital LLC purchased a new stake in shares of Centrus Energy during the first quarter worth about $55,000. Finally, Fortitude Family Office LLC raised its position in shares of Centrus Energy by 5,100.0% in the third quarter. Fortitude Family Office LLC now owns 416 shares of the company’s stock valued at $58,000 after buying an additional 408 shares during the last quarter. Institutional investors and hedge funds own 49.96% of the company’s stock.

More Centrus Energy News

Here are the key news stories impacting Centrus Energy this week:

• Positive Sentiment: Texas Capital upgraded Centrus Energy to “strong buy” and highlighted nuclear enrichment as an “essential” business, helping reinforce the long-term investment case. Centrus Energy Soars 11% as Texas Capital Starts at Buy on Essential Nuclear Enrichment
• Positive Sentiment: The Texas Capital upgrade follows growing interest in domestic nuclear-fuel supply and enrichment capacity, themes that could benefit Centrus as demand for nuclear power and advanced reactor fuels expands. Texas Capital stock recommendations
• Positive Sentiment: Centrus may trade at a premium following its Westerman deal, suggesting investors see potential strategic or commercial value in the agreement. Centrus Energy Stock May Trade At A Premium Following Its Westerman Deal
• Neutral Sentiment: B. Riley lowered its price target from $295 to $188 but maintained a “buy” rating. The reduced target signals lower near-term expectations, while the remaining target implies substantial upside from recent levels. B. Riley stock recommendations
• Neutral Sentiment: TD Cowen initiated coverage with a “hold” rating, adding a more cautious view alongside the bullish analyst calls. TD Cowen initiates coverage of Centrus Energy at hold
• Negative Sentiment: Zacks expects Centrus Energy’s third-quarter earnings to decline and says the company lacks the usual indicators for a likely earnings beat, increasing event risk ahead of the report. Earnings Preview: Centrus Energy Corp. Q3 Earnings Expected to Decline
• Negative Sentiment: JPMorgan issued a pessimistic forecast for LEU, while separate coverage noted pressure around the company’s HALEU outlook. These concerns could limit the impact of bullish long-term nuclear-fuel narratives. JPMorgan Issues Pessimistic Forecast for Centrus Energy

About Centrus Energy

Centrus Energy Corp. (NYSE:LEU) is a U.S.-based supplier of nuclear fuel and related services. The company provides enriched uranium products, including low-enriched uranium used to fuel commercial nuclear reactors, as well as uranium and fuel-management services for utilities and other customers in the nuclear energy industry.

Centrus is also developing high-assay low-enriched uranium (HALEU), an advanced fuel intended for certain next-generation and small modular reactors. Its American Centrifuge technology is being developed to support domestic uranium enrichment and reduce reliance on foreign fuel-supply chains.