Centrus Energy (NYSE:LEU) Hits New 12-Month Low After Analyst Downgrade

Centrus Energy Corp. (NYSE:LEU) hit a new 52-week low during mid-day trading on Monday after JPMorgan Chase & Co. lowered their price target on the stock from $180.00 to $120.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Centrus Energy traded as low as $98.01 and last traded at $97.9050, with a volume of 68,772 shares changing hands. The stock had previously closed at $102.45.

Other analysts have also recently issued research reports about the company. Zacks Research upgraded Centrus Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 28th. Weiss Ratings upgraded Centrus Energy from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Bank of America decreased their price objective on Centrus Energy from $240.00 to $205.00 and set a “neutral” rating for the company in a report on Thursday, July 9th. Guggenheim began coverage on shares of Centrus Energy in a research report on Thursday, October 8th. They set a “buy” rating and a $167.00 target price on the stock. Finally, Barclays cut their target price on shares of Centrus Energy from $207.00 to $150.00 and set an “equal weight” rating on the stock in a report on Thursday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $199.41.

Institutional Investors Weigh In On Centrus Energy

Large investors have recently modified their holdings of the stock. WINTON GROUP Ltd acquired a new position in shares of Centrus Energy during the 2nd quarter worth $1,356,000. Arlington Capital Management Inc. purchased a new stake in Centrus Energy during the first quarter worth about $3,115,000. Engineers Gate Manager LP boosted its holdings in Centrus Energy by 261.4% during the second quarter. Engineers Gate Manager LP now owns 4,756 shares of the company’s stock worth $798,000 after buying an additional 3,440 shares in the last quarter. California State Teachers Retirement System grew its position in Centrus Energy by 24.3% during the first quarter. California State Teachers Retirement System now owns 19,606 shares of the company’s stock worth $3,403,000 after buying an additional 3,837 shares during the period. Finally, Renaissance Technologies LLC grew its position in Centrus Energy by 217.4% during the first quarter. Renaissance Technologies LLC now owns 160,542 shares of the company’s stock worth $27,868,000 after buying an additional 109,960 shares during the period. Hedge funds and other institutional investors own 49.96% of the company’s stock.

Centrus Energy Price Performance

The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 49.81 and a beta of 1.53. The firm’s 50-day simple moving average is $149.53 and its two-hundred day simple moving average is $189.37.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $1.03. The company had revenue of $176.10 million for the quarter. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period last year, the firm posted $1.59 EPS. On average, analysts expect that Centrus Energy Corp. will post 4.21 EPS for the current fiscal year.

Centrus Energy Company Profile

Centrus Energy Corp. (NYSE:LEU) is a U.S.-based supplier of nuclear fuel and related services. The company provides enriched uranium products, including low-enriched uranium used to fuel commercial nuclear reactors, as well as uranium and fuel-management services for utilities and other customers in the nuclear energy industry.

Centrus is also developing high-assay low-enriched uranium (HALEU), an advanced fuel intended for certain next-generation and small modular reactors. Its American Centrifuge technology is being developed to support domestic uranium enrichment and reduce reliance on foreign fuel-supply chains.