B. Riley Financial Has Lowered Expectations for Centrus Energy (NYSE:LEU) Stock Price

Centrus Energy (NYSE:LEU) had its price objective decreased by B. Riley Financial from $295.00 to $188.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. B. Riley Financial‘s price target suggests a potential upside of 71.57% from the stock’s previous close.

LEU has been the topic of several other reports. Northland Securities set a $270.00 price objective on Centrus Energy in a research note on Friday, September 11th. Capital One Financial set a $151.00 target price on Centrus Energy in a research report on Tuesday. Jefferies Financial Group started coverage on Centrus Energy in a research report on Thursday, September 3rd. They issued a “hold” rating and a $169.00 price target on the stock. Guggenheim began coverage on shares of Centrus Energy in a report on Thursday, October 8th. They issued a “buy” rating and a $167.00 price target for the company. Finally, Bank of America cut their price target on shares of Centrus Energy from $240.00 to $205.00 and set a “neutral” rating on the stock in a research note on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $193.12.

Centrus Energy Stock Up 11.3%

Shares of NYSE LEU opened at $109.58 on Wednesday. Centrus Energy has a 52-week low of $96.80 and a 52-week high of $401.99. The stock’s 50 day moving average price is $149.53 and its two-hundred day moving average price is $189.37. The stock has a market capitalization of $2.19 billion, a P/E ratio of 49.81 and a beta of 1.53.

Centrus Energy (NYSE:LEU) last released its earnings results on Wednesday, August 5th. The company reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $1.03. The firm had revenue of $176.10 million for the quarter. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.59 earnings per share. On average, analysts anticipate that Centrus Energy will post 4.21 EPS for the current year.

Hedge Funds Weigh In On Centrus Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Carlson Financial Inc. lifted its holdings in shares of Centrus Energy by 2.2% in the second quarter. Carlson Financial Inc. now owns 2,667 shares of the company’s stock worth $448,000 after acquiring an additional 58 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Centrus Energy by 38.5% during the 1st quarter. Parallel Advisors LLC now owns 338 shares of the company’s stock worth $59,000 after buying an additional 94 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Centrus Energy by 7.2% during the 2nd quarter. Wellington Management Group LLP now owns 1,637 shares of the company’s stock valued at $275,000 after purchasing an additional 110 shares during the last quarter. NFSG Corp lifted its stake in Centrus Energy by 44.8% in the first quarter. NFSG Corp now owns 362 shares of the company’s stock valued at $63,000 after purchasing an additional 112 shares during the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of Centrus Energy by 5.0% during the 2nd quarter. NewEdge Advisors LLC now owns 2,634 shares of the company’s stock worth $442,000 after acquiring an additional 125 shares during the period. 49.96% of the stock is owned by institutional investors and hedge funds.

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.