Shares of Charah Solutions Inc (NYSE:CHRA) have been assigned a consensus broker rating score of 1.17 (Strong Buy) from the three analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy rating and two have issued a strong buy rating on the company.

Brokers have set a twelve-month consensus price objective of $10.00 for the company and are predicting that the company will post $0.28 earnings per share for the current quarter, according to Zacks. Zacks has also given Charah Solutions an industry rank of 45 out of 256 based on the ratings given to related companies.

Several research firms have recently weighed in on CHRA. Morgan Stanley set a $10.00 price target on Charah Solutions and gave the stock a “buy” rating in a research note on Tuesday, January 8th. Zacks Investment Research downgraded Charah Solutions from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Finally, Bank of America upgraded Charah Solutions from a “neutral” rating to a “buy” rating in a research note on Wednesday, October 3rd. They noted that the move was a valuation call.

A number of hedge funds and other institutional investors have recently modified their holdings of CHRA. Tower Research Capital LLC TRC acquired a new stake in shares of Charah Solutions during the third quarter worth about $116,000. Shepherd Kaplan Krochuk LLC purchased a new stake in shares of Charah Solutions during the third quarter valued at $144,000. Vanguard Group Inc purchased a new stake in shares of Charah Solutions during the third quarter valued at $155,000. Vanguard Group Inc. purchased a new stake in shares of Charah Solutions during the third quarter valued at $155,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Charah Solutions during the third quarter valued at $183,000. Institutional investors and hedge funds own 22.85% of the company’s stock.

Shares of CHRA stock traded up $0.50 on Wednesday, hitting $7.20. 60,671 shares of the stock were exchanged, compared to its average volume of 59,484. The company has a current ratio of 1.24, a quick ratio of 1.06 and a debt-to-equity ratio of 2.52. Charah Solutions has a one year low of $5.27 and a one year high of $12.00.

Charah Solutions (NYSE:CHRA) last posted its quarterly earnings results on Tuesday, November 13th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.04. The company had revenue of $186.00 million during the quarter, compared to the consensus estimate of $202.00 million. Charah Solutions had a positive return on equity of 14.85% and a negative net margin of 2.12%. Analysts anticipate that Charah Solutions will post 0.63 earnings per share for the current fiscal year.

Charah Solutions Company Profile

Charah Solutions, Inc provides environmental and maintenance services to the power generation industry. It is involved in the development, construction, and management of landfills for coal-fired power generation facilities, and new and existing ash ponds; and active pond management activities, including clean closure, cap-in-place, and design and construction of new ponds.

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