Centrus Energy (NYSE:LEU) Price Target Cut to $58.00 by Analysts at Roth Mkm

Centrus Energy (NYSE:LEU) had its target price cut by Roth Mkm from $62.00 to $58.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Roth Mkm’s price objective suggests a potential downside of 43.38% from the company’s previous close.

Several other research firms have also weighed in on LEU. StockNews.com upgraded shares of Centrus Energy to a “sell” rating in a report on Wednesday, August 7th. Roth Capital downgraded Centrus Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, B. Riley boosted their target price on Centrus Energy from $88.00 to $126.00 and gave the company a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Centrus Energy has an average rating of “Hold” and an average target price of $92.00.

Centrus Energy Trading Down 2.4 %

NYSE LEU traded down $2.52 on Wednesday, reaching $102.43. The company had a trading volume of 691,176 shares, compared to its average volume of 344,535. Centrus Energy has a 52 week low of $33.51 and a 52 week high of $108.72. The stock’s 50 day moving average is $56.17 and its 200-day moving average is $47.73. The company has a quick ratio of 1.02, a current ratio of 1.52 and a debt-to-equity ratio of 1.47. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 21.26 and a beta of 1.32.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings results on Monday, October 28th. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.48). Centrus Energy had a net margin of 22.96% and a return on equity of 299.92%. The company had revenue of $57.70 million during the quarter, compared to the consensus estimate of $56.50 million. Equities analysts predict that Centrus Energy will post 3.06 earnings per share for the current year.

Institutional Investors Weigh In On Centrus Energy

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Centrus Energy by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 766,064 shares of the company’s stock worth $31,815,000 after purchasing an additional 17,033 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Centrus Energy by 15.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 338,250 shares of the company’s stock worth $14,048,000 after buying an additional 46,254 shares in the last quarter. Sara Bay Financial raised its position in Centrus Energy by 3.9% in the 2nd quarter. Sara Bay Financial now owns 337,201 shares of the company’s stock valued at $14,415,000 after buying an additional 12,514 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Centrus Energy by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 297,708 shares of the company’s stock valued at $12,727,000 after acquiring an additional 8,678 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Centrus Energy by 382.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 222,607 shares of the company’s stock worth $9,516,000 after acquiring an additional 176,431 shares during the last quarter. 49.96% of the stock is currently owned by institutional investors and hedge funds.

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.