Centrus Energy (NYSE:LEU) Stock Price Target Cut by Truist Financial

Centrus Energy (NYSE:LEU) had its price target dropped by research analysts at Truist Financial from $215.00 to $178.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price objective indicates a potential upside of 63.43% from the stock’s previous close.

A number of other brokerages also recently weighed in on LEU. Guggenheim initiated coverage on Centrus Energy in a report on Thursday, October 8th. They issued a “buy” rating and a $167.00 target price for the company. Stifel Nicolaus cut their price target on Centrus Energy from $246.00 to $216.00 and set a “buy” rating on the stock in a report on Tuesday, August 25th. Roth Capital set a $115.00 price target on Centrus Energy in a report on Tuesday. Weiss Ratings raised shares of Centrus Energy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Finally, UBS Group lifted their price objective on shares of Centrus Energy from $170.00 to $185.00 and gave the company a “neutral” rating in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Centrus Energy has a consensus rating of “Moderate Buy” and a consensus target price of $220.07.

Centrus Energy Stock Performance

LEU stock opened at $108.92 on Thursday. The firm has a market cap of $2.17 billion, a PE ratio of 49.94, a price-to-earnings-growth ratio of 8.73 and a beta of 1.53. The company has a current ratio of 5.39, a quick ratio of 4.52 and a debt-to-equity ratio of 1.39. The stock has a 50-day moving average price of $156.06 and a 200-day moving average price of $172.38. Centrus Energy has a 1-year low of $106.00 and a 1-year high of $401.99.

Centrus Energy (NYSE:LEU) last announced its earnings results on Wednesday, August 5th. The company reported $1.77 EPS for the quarter, beating the consensus estimate of $0.74 by $1.03. Centrus Energy had a return on equity of 7.06% and a net margin of 10.23%. The company had revenue of $176.10 million for the quarter. During the same quarter in the previous year, the company earned $1.59 EPS. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. As a group, equities research analysts expect that Centrus Energy will post 4.21 earnings per share for the current year.

Institutional Trading of Centrus Energy

Several large investors have recently made changes to their positions in LEU. Carlson Financial Inc. grew its stake in shares of Centrus Energy by 2.2% in the 2nd quarter. Carlson Financial Inc. now owns 2,667 shares of the company’s stock valued at $448,000 after buying an additional 58 shares during the period. Parallel Advisors LLC raised its stake in Centrus Energy by 38.5% during the 1st quarter. Parallel Advisors LLC now owns 338 shares of the company’s stock worth $59,000 after buying an additional 94 shares during the period. Banque Cantonale Vaudoise raised its stake in Centrus Energy by 4.0% during the 1st quarter. Banque Cantonale Vaudoise now owns 2,599 shares of the company’s stock worth $451,000 after buying an additional 99 shares during the period. Wellington Management Group LLP raised its stake in Centrus Energy by 7.2% during the 2nd quarter. Wellington Management Group LLP now owns 1,637 shares of the company’s stock worth $275,000 after buying an additional 110 shares during the period. Finally, NFSG Corp boosted its holdings in Centrus Energy by 44.8% in the first quarter. NFSG Corp now owns 362 shares of the company’s stock worth $63,000 after acquiring an additional 112 shares in the last quarter. 49.96% of the stock is currently owned by institutional investors and hedge funds.

About Centrus Energy

Centrus Energy Corp. (NYSE:LEU) is a U.S.-based supplier of nuclear fuel and related services. The company provides enriched uranium products, including low-enriched uranium used to fuel commercial nuclear reactors, as well as uranium and fuel-management services for utilities and other customers in the nuclear energy industry.

Centrus is also developing high-assay low-enriched uranium (HALEU), an advanced fuel intended for certain next-generation and small modular reactors. Its American Centrifuge technology is being developed to support domestic uranium enrichment and reduce reliance on foreign fuel-supply chains.