Centrus Energy (NYSE:LEU) Earns Neutral Rating from Analysts at JPMorgan Chase & Co.

Equities researchers at JPMorgan Chase & Co. began coverage on shares of Centrus Energy (NYSE:LEUGet Free Report) in a research note issued to investors on Thursday, Marketbeat reports. The brokerage set a “neutral” rating and a $148.00 price target on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential downside of 12.24% from the company’s current price.

Several other analysts have also issued reports on the stock. Citigroup initiated coverage on shares of Centrus Energy in a report on Tuesday, March 4th. They issued a “neutral” rating and a $104.00 price objective on the stock. Evercore ISI reissued an “outperform” rating and issued a $205.00 price target (up from $145.00) on shares of Centrus Energy in a research note on Wednesday, June 18th. B. Riley reaffirmed a “buy” rating and set a $221.00 price objective (up previously from $134.00) on shares of Centrus Energy in a research report on Monday, June 23rd. Bank of America initiated coverage on shares of Centrus Energy in a report on Wednesday, June 4th. They issued a “buy” rating and a $160.00 target price for the company. Finally, William Blair initiated coverage on Centrus Energy in a research note on Wednesday, May 28th. They set an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $165.63.

View Our Latest Report on Centrus Energy

Centrus Energy Stock Performance

LEU opened at $168.65 on Thursday. Centrus Energy has a twelve month low of $33.51 and a twelve month high of $211.31. The firm has a market capitalization of $2.87 billion, a PE ratio of 38.24 and a beta of 1.36. The company has a current ratio of 2.93, a quick ratio of 2.46 and a debt-to-equity ratio of 3.09. The firm’s 50-day moving average price is $116.50 and its 200 day moving average price is $91.50.

Centrus Energy (NYSE:LEUGet Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $1.68. 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 business earned ($0.38) EPS. The business’s revenue for the quarter was up 67.3% on a year-over-year basis. As a group, sell-side analysts expect that Centrus Energy will post 2.63 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Kevin J. Harrill sold 1,728 shares of the company’s stock in a transaction on Friday, May 30th. The shares were sold at an average price of $126.00, for a total value of $217,728.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John M. A. Donelson sold 3,732 shares of the firm’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $96.31, for a total transaction of $359,428.92. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Centrus Energy

Several hedge funds have recently modified their holdings of LEU. Anatole Investment Management Ltd purchased a new stake in shares of Centrus Energy in the fourth quarter valued at about $27,880,000. Reaves W H & Co. Inc. acquired a new stake in Centrus Energy in the fourth quarter valued at about $15,215,000. Soros Fund Management LLC acquired a new stake in Centrus Energy in the fourth quarter valued at about $14,821,000. Voloridge Investment Management LLC boosted its holdings in Centrus Energy by 1,300.5% in the 4th quarter. Voloridge Investment Management LLC now owns 235,155 shares of the company’s stock valued at $15,664,000 after purchasing an additional 218,364 shares in the last quarter. Finally, Granahan Investment Management LLC acquired a new position in Centrus Energy during the 1st quarter worth approximately $13,440,000. 49.96% of the stock is owned by institutional investors and hedge funds.

Centrus Energy Company Profile

(Get Free Report)

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.

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