UBS Group Issues Pessimistic Forecast for Centrus Energy (NYSE:LEU) Stock Price

Centrus Energy (NYSE:LEU) had its price objective dropped by equities research analysts at UBS Group from $245.00 to $195.00 in a report released on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective would suggest a potential upside of 3.59% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. William Blair reaffirmed an “outperform” rating on shares of Centrus Energy in a research report on Tuesday, January 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $357.00 price target on shares of Centrus Energy in a research report on Monday, December 22nd. Evercore reissued an “outperform” rating and issued a $390.00 price objective on shares of Centrus Energy in a research report on Monday, January 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Centrus Energy in a research report on Monday, December 29th. Finally, Northland Securities set a $285.00 price target on Centrus Energy in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $258.83.

Centrus Energy Stock Down 3.1%

Centrus Energy stock opened at $188.24 on Thursday. The stock has a fifty day simple moving average of $257.45 and a two-hundred day simple moving average of $272.08. The company has a current ratio of 5.59, a quick ratio of 4.83 and a debt-to-equity ratio of 1.54. Centrus Energy has a 12 month low of $49.40 and a 12 month high of $464.25. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 45.14 and a beta of 1.26.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.63). Centrus Energy had a return on equity of 15.52% and a net margin of 17.34%.The firm had revenue of $146.20 million during the quarter, compared to the consensus estimate of $145.40 million. Centrus Energy’s quarterly revenue was down 3.6% compared to the same quarter last year. Equities analysts predict that Centrus Energy will post 2.63 EPS for the current fiscal year.

Institutional Trading of Centrus Energy

Several large investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD raised its holdings in shares of Centrus Energy by 126.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 371,822 shares of the company’s stock worth $90,265,000 after purchasing an additional 207,316 shares during the last quarter. American Century Companies Inc. grew its position in Centrus Energy by 483.8% during the 2nd quarter. American Century Companies Inc. now owns 247,352 shares of the company’s stock worth $45,310,000 after purchasing an additional 204,983 shares during the period. Van ECK Associates Corp grew its position in Centrus Energy by 25.9% during the 3rd quarter. Van ECK Associates Corp now owns 780,986 shares of the company’s stock worth $242,161,000 after purchasing an additional 160,482 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Centrus Energy by 43.3% in the 4th quarter. Bank of New York Mellon Corp now owns 473,145 shares of the company’s stock valued at $114,861,000 after buying an additional 143,069 shares during the period. Finally, Man Group plc lifted its holdings in shares of Centrus Energy by 2,303.8% in the 4th quarter. Man Group plc now owns 114,037 shares of the company’s stock valued at $27,684,000 after buying an additional 109,293 shares during the period. 49.96% of the stock is owned by hedge funds and other institutional investors.

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.