Bank of America Has Lowered Expectations for Centrus Energy (NYSE:LEU) Stock Price

Centrus Energy (NYSE:LEU) had its target price dropped by equities researchers at Bank of America from $240.00 to $205.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Bank of America‘s price target suggests a potential upside of 19.57% from the stock’s current price.

Several other research firms also recently commented on LEU. Citigroup cut their price objective on shares of Centrus Energy from $224.00 to $218.00 and set a “neutral” rating for the company in a report on Friday, May 8th. Roth Capital cut their price target on Centrus Energy from $230.00 to $195.00 and set a “neutral” rating for the company in a report on Monday, June 22nd. Weiss Ratings downgraded Centrus Energy from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Needham & Company LLC initiated coverage on Centrus Energy in a research note on Thursday. They set a “buy” rating and a $264.00 price objective for the company. Finally, UBS Group decreased their target price on Centrus Energy from $195.00 to $170.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 16th. Five investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $255.45.

Centrus Energy Stock Down 1.2%

Shares of NYSE LEU opened at $171.45 on Thursday. Centrus Energy has a one year low of $144.65 and a one year high of $464.25. The company has a debt-to-equity ratio of 1.52, a current ratio of 5.72 and a quick ratio of 4.88. The business’s fifty day moving average price is $179.39 and its 200-day moving average price is $213.92. The stock has a market capitalization of $3.37 billion, a PE ratio of 56.77, a P/E/G ratio of 21.56 and a beta of 1.35.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.72. The company had revenue of $76.70 million during 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 firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.60 EPS. On average, equities research analysts anticipate that Centrus Energy will post 2.69 EPS for the current year.

Insider Activity at Centrus Energy

In related 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 transaction of $62,286.30. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.72% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Comerica Bank boosted its stake in shares of Centrus Energy by 589.5% in the 1st quarter. Comerica Bank now owns 655 shares of the company’s stock valued at $41,000 after purchasing an additional 560 shares in the last quarter. Royal Bank of Canada lifted its stake in Centrus Energy by 57.6% in the first quarter. Royal Bank of Canada now owns 17,266 shares of the company’s stock worth $1,074,000 after purchasing an additional 6,312 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Centrus Energy by 45.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 54,315 shares of the company’s stock worth $3,379,000 after purchasing an additional 17,014 shares during the last quarter. Creative Planning purchased a new stake in Centrus Energy during the second quarter valued at about $435,000. Finally, JPMorgan Chase & Co. boosted its position in Centrus Energy by 12.1% during the second quarter. JPMorgan Chase & Co. now owns 8,497 shares of the company’s stock valued at $1,556,000 after buying an additional 917 shares during the period. 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.