JPMorgan Chase & Co. Has Lowered Expectations for Centrus Energy (NYSE:LEU) Stock Price

Centrus Energy (NYSE:LEU) had its price objective reduced by research analysts at JPMorgan Chase & Co. from $275.00 to $245.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 16.71% from the company’s current price.

LEU has been the topic of several other research reports. HC Wainwright restated a “buy” rating and issued a $300.00 price target on shares of Centrus Energy in a research report on Tuesday, August 26th. Bank of America reaffirmed a “neutral” rating and issued a $285.00 price target (up previously from $210.00) on shares of Centrus Energy in a report on Thursday, August 7th. Evercore ISI lifted their price target on shares of Centrus Energy from $251.00 to $252.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Northland Securities set a $275.00 target price on Centrus Energy in a research note on Thursday, August 7th. Finally, Stifel Nicolaus began coverage on Centrus Energy in a report on Friday, July 11th. They set a “buy” rating and a $220.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $224.60.

Centrus Energy Stock Up 5.9%

LEU stock traded up $16.38 during mid-day trading on Friday, reaching $294.16. The company had a trading volume of 1,887,109 shares, compared to its average volume of 1,160,386. The firm has a fifty day simple moving average of $310.58 and a 200 day simple moving average of $211.67. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93. Centrus Energy has a fifty-two week low of $49.40 and a fifty-two week high of $464.25. The company 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%. Centrus Energy’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same period last year, the firm earned ($0.30) earnings per share. Analysts forecast that Centrus Energy will post 2.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Centrus Energy

Several hedge funds have recently modified their holdings of LEU. Rothschild Investment LLC lifted its position in shares of Centrus Energy by 54.9% during the 3rd quarter. Rothschild Investment LLC now owns 127 shares of the company’s stock valued at $39,000 after acquiring an additional 45 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Centrus Energy by 8.8% in the third quarter. Vanguard Group Inc. now owns 1,072,118 shares of the company’s stock worth $332,432,000 after purchasing an additional 86,509 shares in the last quarter. Denali Advisors LLC boosted its stake in shares of Centrus Energy by 7.1% during the 3rd quarter. Denali Advisors LLC now owns 1,500 shares of the company’s stock valued at $465,000 after buying an additional 100 shares during the period. JPMorgan Chase & Co. grew its stake in Centrus Energy by 309.0% in the third quarter. JPMorgan Chase & Co. now owns 34,754 shares of the company’s stock valued at $10,776,000 after purchasing an additional 26,257 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D acquired a new position in Centrus Energy in the third quarter worth approximately $3,720,000. 49.96% of the stock is currently owned by institutional investors and hedge funds.

About Centrus Energy

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.