JPMorgan Chase & Co. Issues Pessimistic Forecast for Centrus Energy (NYSE:LEU) Stock Price

Centrus Energy (NYSE:LEU) had its price target lowered by JPMorgan Chase & Co. from $180.00 to $120.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 18.16% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on LEU. Needham & Company LLC cut their price target on shares of Centrus Energy from $262.00 to $206.00 and set a “buy” rating for the company in a report on Tuesday, October 20th. Bank of America lowered their price objective on shares of Centrus Energy from $240.00 to $205.00 and set a “neutral” rating on the stock in a research note on Thursday, July 9th. Roth Capital set a $115.00 target price on shares of Centrus Energy in a report on Tuesday, October 20th. Truist Financial dropped their target price on shares of Centrus Energy from $215.00 to $178.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Northland Securities set a $270.00 target price on shares of Centrus Energy in a research note on Friday, September 11th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $202.44.

Centrus Energy Price Performance

Shares of Centrus Energy stock traded down $0.89 during trading on Monday, hitting $101.56. The stock had a trading volume of 341,706 shares, compared to its average volume of 906,188. The business has a fifty day moving average of $152.53 and a two-hundred day moving average of $171.25. Centrus Energy has a fifty-two week low of $96.80 and a fifty-two week high of $401.99. The firm has a market cap of $2.03 billion, a P/E ratio of 46.16, a PEG ratio of 8.14 and a beta of 1.53. The company has a debt-to-equity ratio of 1.39, a current ratio of 5.39 and a quick ratio of 4.52.

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

Institutional Investors Weigh In On Centrus Energy

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Corecam Pte. Ltd. lifted its holdings in shares of Centrus Energy by 19.7% during the third quarter. Corecam Pte. Ltd. now owns 1,761 shares of the company’s stock valued at $246,000 after purchasing an additional 290 shares during the last quarter. Fifth Third Wealth Advisors LLC purchased a new position in Centrus Energy in the 3rd quarter worth about $547,000. Sterling Capital Management LLC increased its stake in Centrus Energy by 371.1% in the 3rd quarter. Sterling Capital Management LLC now owns 570 shares of the company’s stock worth $80,000 after purchasing an additional 449 shares in the last quarter. Yousif Capital Management LLC purchased a new position in Centrus Energy in the 3rd quarter worth about $702,000. Finally, SBI Securities Co. Ltd. raised its holdings in Centrus Energy by 15.5% during the 3rd quarter. SBI Securities Co. Ltd. now owns 4,435 shares of the company’s stock worth $619,000 after buying an additional 594 shares during the period. 49.96% of the stock is owned by institutional investors and hedge funds.

Centrus Energy Company Profile

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.