Citigroup Lowers Centrus Energy (NYSE:LEU) Price Target to $225.00

Centrus Energy (NYSE:LEU) had its price target dropped by research analysts at Citigroup from $292.00 to $225.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s target price would suggest a potential upside of 7.62% from the company’s current price.

Other research analysts have also issued research reports about the stock. Needham & Company LLC restated a “buy” rating and issued a $357.00 price target on shares of Centrus Energy in a report on Monday, December 22nd. Roth Mkm reissued a “neutral” rating and issued a $137.00 target price on shares of Centrus Energy in a research note on Wednesday, February 11th. Evercore restated an “outperform” rating and set a $390.00 target price on shares of Centrus Energy in a report on Monday, January 5th. Stifel Nicolaus set a $246.00 price target on Centrus Energy in a report on Thursday, February 12th. Finally, UBS Group set a $245.00 price objective on Centrus Energy in a research note on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Centrus Energy has an average rating of “Moderate Buy” and a consensus price target of $263.00.

Centrus Energy Trading Up 1.2%

Shares of LEU opened at $209.07 on Wednesday. Centrus Energy has a twelve month low of $49.40 and a twelve month high of $464.25. The firm has a market capitalization of $3.81 billion, a P/E ratio of 50.14 and a beta of 1.21. The company has a current ratio of 5.59, a quick ratio of 4.83 and a debt-to-equity ratio of 1.54. The stock’s fifty day simple moving average is $267.37 and its 200 day simple moving average is $272.50.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of LEU. Alpine Woods Capital Investors LLC purchased a new stake in Centrus Energy during the 4th quarter worth approximately $612,000. Beacon Pointe Advisors LLC grew its position in shares of Centrus Energy by 251.0% during the fourth quarter. Beacon Pointe Advisors LLC now owns 2,671 shares of the company’s stock worth $648,000 after buying an additional 1,910 shares in the last quarter. State of Tennessee Department of Treasury bought a new stake in shares of Centrus Energy in the fourth quarter worth $170,000. NewEdge Advisors LLC boosted its stake in Centrus Energy by 65.6% during the 4th quarter. NewEdge Advisors LLC now owns 4,056 shares of the company’s stock valued at $985,000 after acquiring an additional 1,606 shares during the last quarter. Finally, Empowered Funds LLC boosted its stake in Centrus Energy by 7.5% during the 4th quarter. Empowered Funds LLC now owns 1,435 shares of the company’s stock valued at $348,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 49.96% of the company’s stock.

About Centrus Energy

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.