Centrus Energy (NYSE:LEU) Shares Gap Down on Analyst Downgrade
by Tristan Rich · The Markets DailyShares of Centrus Energy Corp. (NYSE:LEU – Get Free Report) gapped down before the market opened on Monday after Roth Mkm lowered their price target on the stock from $230.00 to $195.00. The stock had previously closed at $191.39, but opened at $182.11. Roth Mkm currently has a neutral rating on the stock. Centrus Energy shares last traded at $180.9870, with a volume of 163,436 shares trading hands.
Several other equities research analysts also recently issued reports on the company. Zacks Research raised Centrus Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. UBS Group lowered their target price on Centrus Energy from $195.00 to $170.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 16th. Weiss Ratings downgraded Centrus Energy from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Citigroup reduced their price target on shares of Centrus Energy from $224.00 to $218.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Finally, B. Riley Financial decreased their price target on shares of Centrus Energy from $315.00 to $295.00 and set a “buy” rating for the company in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Centrus Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $271.18.
Read Our Latest Stock Report on Centrus Energy
Insider Buying and Selling
In other Centrus Energy news, CFO Todd M. Tinelli sold 306 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $203.55, for a total value of $62,286.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.72% of the stock is owned by company insiders.
Institutional Investors Weigh In On Centrus Energy
Several institutional investors have recently made changes to their positions in LEU. Vermillion Wealth Management Inc. grew its stake in Centrus Energy by 5,000.0% in the 4th quarter. Vermillion Wealth Management Inc. now owns 102 shares of the company’s stock valued at $25,000 after buying an additional 100 shares during the last quarter. Aventura Private Wealth LLC acquired a new stake in shares of Centrus Energy in the fourth quarter valued at about $30,000. Western Wealth Management LLC bought a new position in shares of Centrus Energy in the first quarter worth about $31,000. RiverPark Advisors LLC bought a new position in shares of Centrus Energy in the third quarter worth about $33,000. Finally, Fulcrum Asset Management LLP acquired a new position in shares of Centrus Energy during the 3rd quarter worth about $34,000. 49.96% of the stock is currently owned by institutional investors and hedge funds.
Centrus Energy Stock Down 7.3%
The firm has a 50-day moving average of $188.82 and a two-hundred day moving average of $222.74. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 59.69, a PEG ratio of 23.38 and a beta of 1.34. The company has a current ratio of 5.72, a quick ratio of 4.88 and a debt-to-equity ratio of 1.52.
Centrus Energy (NYSE:LEU – Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.72. The firm had revenue of $76.70 million for the quarter, compared to analyst estimates of $76.13 million. Centrus Energy had a return on equity of 13.10% and a net margin of 13.40%.The company’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.60 EPS. As a group, sell-side analysts predict that Centrus Energy Corp. will post 2.74 earnings per share for the current fiscal year.
About Centrus Energy
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.