Centrus Energy (NYSE:LEU) Trading Down 7.5% – Should You Sell?

Centrus Energy Corp. (NYSE:LEU)’s share price traded down 7.5% during trading on Friday . The stock traded as low as $229.03 and last traded at $223.1310. 337,529 shares were traded during trading, a decline of 71% from the average session volume of 1,157,285 shares. The stock had previously closed at $241.31.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Northland Securities set a $275.00 price objective on Centrus Energy in a report on Thursday, August 7th. JPMorgan Chase & Co. decreased their price target on shares of Centrus Energy from $275.00 to $245.00 and set a “neutral” rating on the stock in a research note on Friday, November 7th. Evercore ISI upped their price objective on shares of Centrus Energy from $251.00 to $252.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Bank of America reaffirmed a “neutral” rating and set a $285.00 target price (up previously from $210.00) on shares of Centrus Energy in a report on Thursday, August 7th. Finally, HC Wainwright reissued a “buy” rating and issued a $300.00 price target on shares of Centrus Energy in a research note on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $224.60.

Centrus Energy Price Performance

The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09. The firm’s fifty day moving average price is $321.72 and its 200-day moving average price is $225.20. The stock has a market cap of $4.28 billion, a P/E ratio of 53.81 and a beta of 1.56.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.17). Centrus Energy had a net margin of 16.56% and a return on equity of 84.09%. During the same quarter in the previous year, the firm posted ($0.30) EPS. The business’s quarterly revenue was up 29.8% compared to the same quarter last year. Analysts forecast that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

Institutional Investors Weigh In On Centrus Energy

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Centrus Energy by 8.8% during the third quarter. Vanguard Group Inc. now owns 1,072,118 shares of the company’s stock valued at $332,432,000 after acquiring an additional 86,509 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Centrus Energy by 3.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,011,978 shares of the company’s stock valued at $62,955,000 after acquiring an additional 32,002 shares in the last quarter. Van ECK Associates Corp increased its position in Centrus Energy by 25.9% during the 3rd quarter. Van ECK Associates Corp now owns 780,986 shares of the company’s stock valued at $242,161,000 after purchasing an additional 160,482 shares during the period. American Century Companies Inc. raised its holdings in Centrus Energy by 78.8% in the 3rd quarter. American Century Companies Inc. now owns 442,261 shares of the company’s stock worth $137,132,000 after purchasing an additional 194,909 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Centrus Energy by 3.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 358,799 shares of the company’s stock worth $111,260,000 after purchasing an additional 10,333 shares during the period. 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.