Analysts Anticipate Charah Solutions Inc (CHRA) to Announce $0.28 Earnings Per Share

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Shares of Charah Solutions Inc (NYSE:CHRA) have earned an average broker rating score of 2.17 (Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a sell recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. Charah Solutions’ rating score has declined by 85.5% in the last 90 days as a result of a number of analysts’ ratings changes.

Analysts have set a 12-month consensus target price of $9.67 for the company and are expecting 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 175 out of 255 based on the ratings given to related companies.

Several research firms recently commented on CHRA. Morgan Stanley set a $10.00 price objective on shares of Charah Solutions and gave the stock a “buy” rating in a research note on Tuesday, January 8th. Zacks Investment Research lowered shares of Charah Solutions from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Finally, Bank of America lowered shares of Charah Solutions from a “buy” rating to an “underperform” rating and set a $7.00 price objective on the stock. in a research note on Friday, February 22nd.

NYSE:CHRA traded up $0.12 during mid-day trading on Friday, hitting $7.27. 224 shares of the company’s stock were exchanged, compared to its average volume of 66,632. Charah Solutions has a one year low of $5.27 and a one year high of $12.00. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.24 and a quick ratio of 1.06.

Hedge funds and other institutional investors have recently modified their holdings of the company. Macquarie Group Ltd. raised its holdings in shares of Charah Solutions by 226.8% during the fourth quarter. Macquarie Group Ltd. now owns 6,200 shares of the company’s stock valued at $52,000 after purchasing an additional 4,303 shares during the last quarter. Strs Ohio increased its holdings in shares of Charah Solutions by 361.9% during the 4th quarter. Strs Ohio now owns 9,700 shares of the company’s stock valued at $80,000 after purchasing an additional 7,600 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Charah Solutions by 13.6% during the 4th quarter. Northern Trust Corp now owns 91,176 shares of the company’s stock valued at $761,000 after purchasing an additional 10,917 shares in the last quarter. Monarch Partners Asset Management LLC increased its holdings in shares of Charah Solutions by 18.9% during the 4th quarter. Monarch Partners Asset Management LLC now owns 81,166 shares of the company’s stock valued at $678,000 after purchasing an additional 12,876 shares in the last quarter. Finally, Tower Research Capital LLC TRC purchased a new position in shares of Charah Solutions during the 3rd quarter valued at approximately $116,000. Hedge funds and other institutional investors own 23.63% of the company’s stock.

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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