Centrus Energy (NYSE:LEU) Reaches New 12-Month Low Following Analyst Downgrade

Centrus Energy Corp. (NYSE:LEU)’s stock price reached a new 52-week low during trading on Monday after JPMorgan Chase & Co. lowered their price target on the stock from $180.00 to $120.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Centrus Energy traded as low as $98.01 and last traded at $97.9050, with a volume of 68,772 shares traded. The stock had previously closed at $102.45.

Several other brokerages have also recently issued reports on LEU. UBS Group cut their price objective on Centrus Energy from $185.00 to $120.00 and set a “neutral” rating on the stock in a research note on Friday. Weiss Ratings upgraded Centrus Energy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. TD Cowen started coverage on Centrus Energy in a research report on Monday. They set a “hold” rating and a $120.00 price target on the stock. Zacks Research upgraded Centrus Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 28th. Finally, Needham & Company LLC decreased their price objective 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. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $199.41.

Institutional Trading of Centrus Energy

Institutional investors and hedge funds have recently made changes to their positions in the stock. Corecam Pte. Ltd. lifted its holdings in shares of Centrus Energy by 19.7% in the 3rd quarter. Corecam Pte. Ltd. now owns 1,761 shares of the company’s stock worth $246,000 after purchasing an additional 290 shares during the last quarter. Fifth Third Wealth Advisors LLC bought a new position in Centrus Energy during the 3rd quarter worth $547,000. Sterling Capital Management LLC grew its stake in Centrus Energy by 371.1% during the 3rd quarter. Sterling Capital Management LLC now owns 570 shares of the company’s stock worth $80,000 after buying an additional 449 shares during the last quarter. Yousif Capital Management LLC bought a new position in Centrus Energy during the 3rd quarter worth $702,000. Finally, SBI Securities Co. Ltd. increased its position in Centrus Energy by 15.5% in the third 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 currently owned by institutional investors and hedge funds.

Centrus Energy Price Performance

The company has a 50-day simple moving average of $149.53 and a two-hundred day simple moving average of $189.37. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 49.81 and a beta of 1.53.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $1.03. The firm had revenue of $176.10 million for the quarter. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period last year, the business posted $1.59 earnings per share. Research analysts anticipate that Centrus Energy Corp. will post 4.21 EPS for the current year.

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.