Charah Solutions Inc (NYSE:CHRA) Given Average Recommendation of “Buy” by Analysts

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Charah Solutions Inc (NYSE:CHRA) has been assigned an average broker rating score of 2.17 (Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company.

Brokers have set a 12-month consensus price objective of $6.50 for the company and are expecting that the company will post ($0.02) earnings per share for the current quarter, according to Zacks. Zacks has also given Charah Solutions an industry rank of 83 out of 256 based on the ratings given to related companies.

Several equities analysts have recently weighed in on CHRA shares. Zacks Investment Research upgraded shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. Morgan Stanley set a $100.00 target price on Cimarex Energy and gave the stock a “buy” rating in a research note on Thursday, May 16th.

Shares of CHRA traded down $0.10 during trading hours on Friday, hitting $5.24. The company’s stock had a trading volume of 871 shares, compared to its average volume of 49,880. The company has a market cap of $157.85 million and a P/E ratio of 5.69. The company has a current ratio of 1.68, a quick ratio of 1.47 and a debt-to-equity ratio of 2.62. The company has a 50 day moving average price of $5.18. Charah Solutions has a 52-week low of $3.95 and a 52-week high of $10.43.

Charah Solutions (NYSE:CHRA) last posted its earnings results on Wednesday, May 15th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The business had revenue of $163.26 million during the quarter, compared to analysts’ expectations of $152.30 million. Charah Solutions had a positive return on equity of 15.25% and a negative net margin of 1.67%. As a group, sell-side analysts anticipate that Charah Solutions will post 0.27 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of CHRA. Park West Asset Management LLC raised its position in shares of 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 in the last quarter. Martingale Asset Management L P purchased a new position in Charah Solutions during the 4th quarter worth approximately $833,000. BlackRock Inc. grew its stake in Charah Solutions by 22.4% during the 4th quarter. BlackRock Inc. now owns 346,763 shares of the company’s stock worth $2,896,000 after buying an additional 63,460 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Charah Solutions during the 4th quarter worth approximately $408,000. Finally, Geode Capital Management LLC grew its stake 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 buying an additional 20,252 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

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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