Centrus Energy (NYSE:LEU) Given New $245.00 Price Target at JPMorgan Chase & Co.

Centrus Energy (NYSE:LEU) had its price objective decreased by JPMorgan Chase & Co. from $275.00 to $245.00 in a research note published on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other analysts have also commented on LEU. Stifel Nicolaus initiated coverage on Centrus Energy in a report on Friday, July 11th. They set a “buy” rating and a $220.00 price target on the stock. UBS Group upgraded Centrus Energy to a “hold” rating and set a $215.00 target price on the stock in a research note on Monday, July 21st. Northland Securities set a $275.00 price objective on shares of Centrus Energy in a research report on Thursday, August 7th. Bank of America reissued a “neutral” rating and set a $285.00 target price (up from $210.00) on shares of Centrus Energy in a research report on Thursday, August 7th. Finally, Evercore ISI lifted their price target on shares of Centrus Energy from $251.00 to $252.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $224.60.

Centrus Energy Stock Up 5.9%

Shares of LEU stock traded up $16.38 on Friday, hitting $294.16. The stock had a trading volume of 1,900,480 shares, compared to its average volume of 1,161,538. The company has a debt-to-equity ratio of 3.09, a current ratio of 2.93 and a quick ratio of 2.46. The business has a 50 day moving average of $312.42 and a 200 day moving average of $213.28. Centrus Energy has a 12-month low of $49.40 and a 12-month high of $464.25. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of 66.70 and a beta of 1.56.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.17). Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%.During the same quarter in the prior year, the company earned ($0.30) earnings per share. The company’s quarterly revenue was up 29.8% on a year-over-year basis. As a group, analysts expect that Centrus Energy will post 2.63 EPS for the current year.

Institutional Investors Weigh In On Centrus Energy

Several hedge funds and other institutional investors have recently modified their holdings of LEU. Teacher Retirement System of Texas increased its holdings in Centrus Energy by 21.1% during the 1st quarter. Teacher Retirement System of Texas now owns 13,913 shares of the company’s stock worth $866,000 after acquiring an additional 2,422 shares during the period. Arizona State Retirement System raised its position in shares of Centrus Energy by 10.6% in the first quarter. Arizona State Retirement System now owns 4,496 shares of the company’s stock worth $280,000 after buying an additional 432 shares in the last quarter. New York State Common Retirement Fund boosted its stake in Centrus Energy by 4.6% during the first quarter. New York State Common Retirement Fund now owns 4,504 shares of the company’s stock valued at $280,000 after buying an additional 200 shares during the period. Victory Capital Management Inc. purchased a new position in Centrus Energy during the first quarter worth about $744,000. Finally, Hussman Strategic Advisors Inc. bought a new position in Centrus Energy in the 1st quarter worth about $1,960,000. 49.96% of the stock is currently owned by institutional investors.

About Centrus Energy

Centrus Energy Corp. supplies nuclear fuel components and services for the nuclear power industry in the United States, Belgium, Japan, and internationally. The company operates through two segments, Low-Enriched Uranium (LEU) and Technical Solutions. The LEU segment sells separative work units (SWU) components of LEU; natural uranium hexafluoride, uranium concentrates, and uranium conversion; and enriched uranium products to utilities that operate nuclear power plants.