Charah Solutions Inc (CHRA) Given Consensus Rating of “Buy” by Brokerages

Shares of Charah Solutions Inc (NYSE:CHRA) have earned a consensus broker rating score of 2.17 (Buy) from the three brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a sell rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Charah Solutions’ rating score has declined by 85.5% in the last three months as a result of various analysts’ upgrades and downgrades.

Brokerages have set a twelve-month consensus price target of $9.00 for the company and are expecting that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also assigned Charah Solutions an industry rank of 214 out of 255 based on the ratings given to related companies.

Several equities research analysts recently weighed in on CHRA shares. Bank of America lowered Charah Solutions from a “buy” rating to an “underperform” rating and set a $7.00 target price for the company. in a report on Friday, February 22nd. Zacks Investment Research upgraded Charah Solutions from a “sell” rating to a “hold” rating in a report on Monday. Finally, Morgan Stanley set a $10.00 target price on Charah Solutions and gave the stock a “buy” rating in a report on Tuesday, January 8th.

Shares of NYSE CHRA traded up $0.14 during trading hours on Wednesday, hitting $6.46. The stock had a trading volume of 16,627 shares, compared to its average volume of 50,834. The stock has a market cap of $182.06 million and a price-to-earnings ratio of 7.02. Charah Solutions has a 52 week low of $5.27 and a 52 week high of $12.00. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.43 and a current ratio of 1.66.

Charah Solutions (NYSE:CHRA) last announced its quarterly earnings results on Wednesday, March 27th. The company reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.10). The firm had revenue of $203.21 million during the quarter, compared to the consensus estimate of $188.00 million. Charah Solutions had a negative net margin of 1.20% and a positive return on equity of 20.89%. On average, analysts predict that Charah Solutions will post 0.75 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC grew its position in Charah Solutions by 66.4% during the 4th quarter. Geode Capital Management LLC now owns 50,767 shares of the company’s stock worth $423,000 after acquiring an additional 20,252 shares during the last quarter. Macquarie Group Ltd. grew its position in Charah Solutions by 226.8% during the 4th quarter. Macquarie Group Ltd. now owns 6,200 shares of the company’s stock worth $52,000 after acquiring an additional 4,303 shares during the last quarter. Park West Asset Management LLC grew its position in Charah Solutions by 19.7% during the 4th quarter. Park West Asset Management LLC now owns 1,400,083 shares of the company’s stock worth $11,691,000 after acquiring an additional 230,251 shares during the last quarter. Thoroughbred Financial Services LLC bought a new stake in Charah Solutions during the 4th quarter worth $240,000. Finally, Northern Trust Corp grew its position in Charah Solutions by 13.6% during the 4th quarter. Northern Trust Corp now owns 91,176 shares of the company’s stock worth $761,000 after acquiring an additional 10,917 shares during the last quarter. Hedge funds and other institutional investors own 23.26% of the company’s stock.

Charah Solutions Company Profile

Charah Solutions, Inc provides environmental and maintenance services to the power generation industry in the United States. The company operates through two segments, Environmental Solutions; and Maintenance and Technical Services. The Environmental Solutions segment offers remediation and compliance services, including development, construction, and management of landfills for coal-fired power generation facilities, and new and existing ash ponds; and active pond management services, such as clean closure, cap-in-place, and design and construction of new ponds.

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