Roth Mkm Has Lowered Expectations for Centrus Energy (NYSE:LEU) Stock Price

Centrus Energy (NYSE:LEU) had its price objective dropped by Roth Mkm from $62.00 to $58.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Roth Mkm’s target price would suggest a potential downside of 44.02% from the stock’s previous close.

Several other research firms also recently issued reports on LEU. B. Riley boosted their price objective on Centrus Energy from $88.00 to $126.00 and gave the company a “buy” rating in a report on Wednesday. StockNews.com upgraded Centrus Energy to a “sell” rating in a report on Wednesday, August 7th. Finally, Roth Capital downgraded Centrus Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Centrus Energy presently has an average rating of “Hold” and an average target price of $92.00.

Centrus Energy Stock Performance

Shares of Centrus Energy stock opened at $103.60 on Wednesday. Centrus Energy has a 52 week low of $33.51 and a 52 week high of $108.73. The business’s fifty day simple moving average is $58.76 and its 200-day simple moving average is $48.50. The firm has a market cap of $1.69 billion, a PE ratio of 21.63 and a beta of 1.32. The company has a quick ratio of 1.02, a current ratio of 1.52 and a debt-to-equity ratio of 1.47.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings data on Monday, October 28th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.48). The firm had revenue of $57.70 million during the quarter, compared to analysts’ expectations of $56.50 million. Centrus Energy had a net margin of 22.96% and a return on equity of 299.92%. Equities analysts forecast that Centrus Energy will post 3.06 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in shares of Centrus Energy in the 3rd quarter valued at about $281,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Centrus Energy in the 2nd quarter valued at about $233,000. Vontobel Holding Ltd. boosted its position in shares of Centrus Energy by 17.3% in the 3rd quarter. Vontobel Holding Ltd. now owns 5,520 shares of the company’s stock valued at $303,000 after purchasing an additional 815 shares during the period. Point72 Asset Management L.P. boosted its position in shares of Centrus Energy by 53.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 148,251 shares of the company’s stock valued at $6,338,000 after purchasing an additional 51,836 shares during the period. Finally, Exchange Traded Concepts LLC boosted its position in shares of Centrus Energy by 81.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 18,174 shares of the company’s stock valued at $997,000 after purchasing an additional 8,177 shares during the period. 49.96% of the stock is owned by institutional investors and hedge funds.

Centrus Energy Company Profile

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.