Centrus Energy (NYSE:LEU) Stock Price Down 6.2% – Time to Sell?
by Renee Jackson · The Cerbat GemCentrus Energy Corp. (NYSE:LEU – Get Free Report) fell 6.2% on Wednesday . The company traded as low as $290.10 and last traded at $296.49. 1,612,960 shares traded hands during trading, an increase of 23% from the average session volume of 1,310,480 shares. The stock had previously closed at $315.92.
Wall Street Analyst Weigh In
A number of analysts have commented on LEU shares. Evercore ISI reaffirmed an “outperform” rating and set a $390.00 price target on shares of Centrus Energy in a research report on Monday, January 5th. Needham & Company LLC reissued a “buy” rating and issued a $357.00 price objective on shares of Centrus Energy in a research report on Monday, December 22nd. Northland Securities set a $325.00 target price on Centrus Energy in a research report on Wednesday, January 7th. JPMorgan Chase & Co. decreased their target price on Centrus Energy from $275.00 to $245.00 and set a “neutral” rating for the company in a research note on Friday, November 7th. Finally, B. Riley lifted their target price on Centrus Energy from $221.00 to $315.00 and gave the stock a “buy” rating in a report on Monday, December 22nd. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $253.33.
Read Our Latest Analysis on LEU
Centrus Energy Stock Performance
The company has a market capitalization of $5.51 billion, a price-to-earnings ratio of 45.99 and a beta of 1.24. The company has a 50 day moving average price of $267.78 and a 200 day moving average price of $267.06. The company has a debt-to-equity ratio of 3.23, a quick ratio of 2.79 and a current ratio of 3.46.
Centrus Energy (NYSE:LEU – Get Free Report) 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 return on equity of 37.14% and a net margin of 25.04%.During the same period last year, the company earned ($0.30) EPS. The business’s quarterly revenue was up 29.8% on a year-over-year basis. Equities research analysts predict that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.
Institutional Trading of Centrus Energy
Several hedge funds have recently bought and sold shares of LEU. RiverPark Advisors LLC bought a new stake in Centrus Energy during the 3rd quarter valued at $33,000. Fulcrum Asset Management LLP acquired a new position in shares of Centrus Energy during the third quarter valued at about $34,000. Aventura Private Wealth LLC acquired a new position in shares of Centrus Energy during the fourth quarter valued at about $30,000. Rothschild Investment LLC increased its position in shares of Centrus Energy by 54.9% during the third quarter. Rothschild Investment LLC now owns 127 shares of the company’s stock worth $39,000 after acquiring an additional 45 shares in the last quarter. Finally, Mather Group LLC. acquired a new stake in shares of Centrus Energy in the 3rd quarter worth about $41,000. Institutional investors and hedge funds own 49.96% of the company’s stock.
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.