Centrus Energy (NYSE:LEU) Given New $205.00 Price Target at Bank of America

Centrus Energy (NYSE:LEU) had its price target lowered by Bank of America from $240.00 to $205.00 in a research note issued to investors on Thursday,Benzinga reports. Bank of America currently has a neutral rating on the stock.

A number of other brokerages also recently weighed in on LEU. Citigroup decreased their target price on shares of Centrus Energy from $224.00 to $218.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. UBS Group reduced their price objective on Centrus Energy from $195.00 to $170.00 and set a “neutral” rating for the company in a research report on Tuesday, June 16th. Zacks Research upgraded Centrus Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Roth Capital dropped their target price on Centrus Energy from $230.00 to $195.00 and set a “neutral” rating on the stock in a report on Monday, June 22nd. Finally, Weiss Ratings cut Centrus Energy from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $255.45.

Centrus Energy Stock Performance

NYSE:LEU opened at $174.01 on Thursday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 4.88 and a current ratio of 5.72. Centrus Energy has a fifty-two week low of $144.65 and a fifty-two week high of $464.25. The firm has a market cap of $3.42 billion, a PE ratio of 57.62, a price-to-earnings-growth ratio of 20.34 and a beta of 1.35. The business has a 50 day moving average price of $179.79 and a 200-day moving average price of $214.22.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.72. The firm had revenue of $76.70 million for the quarter, compared to analyst estimates of $76.13 million. Centrus Energy had a return on equity of 13.10% and a net margin of 13.40%.The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $1.60 EPS. Equities research analysts predict that Centrus Energy will post 2.74 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Todd M. Tinelli sold 306 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $203.55, for a total value of $62,286.30. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.72% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Vermillion Wealth Management Inc. grew its holdings in Centrus Energy by 5,000.0% during the 4th quarter. Vermillion Wealth Management Inc. now owns 102 shares of the company’s stock valued at $25,000 after purchasing an additional 100 shares during the last quarter. Aventura Private Wealth LLC bought a new stake in Centrus Energy in the fourth quarter worth about $30,000. Western Wealth Management LLC bought a new stake in Centrus Energy in the first quarter worth about $31,000. RiverPark Advisors LLC purchased a new position in shares of Centrus Energy during the third quarter valued at approximately $33,000. Finally, Fulcrum Asset Management LLP purchased a new position in shares of Centrus Energy during the third quarter valued at approximately $34,000. 49.96% of the stock is owned by hedge funds and other institutional investors.

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.