Morgan Stanley set a $7.00 price objective on Charah Solutions (NYSE:CHRA) in a research note published on Thursday morning, TipRanks reports. The firm currently has a buy rating on the stock.
Several other equities research analysts have also recently weighed in on the company. Zacks Investment Research upgraded Charah Solutions from a sell rating to a hold rating in a research note on Monday, April 15th. Bank of America cut Charah Solutions from a buy rating to an underperform rating and set a $7.00 target price for the company. in a research note on Friday, February 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $9.13.
Shares of CHRA traded down $0.19 during midday trading on Thursday, hitting $4.64. The company had a trading volume of 118,300 shares, compared to its average volume of 77,709. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.43 and a current ratio of 1.66. The stock has a market capitalization of $119.11 million and a PE ratio of 5.04. Charah Solutions has a 1 year low of $3.95 and a 1 year high of $12.00.
Charah Solutions (NYSE:CHRA) last announced its quarterly earnings data on Wednesday, May 15th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The company had revenue of $163.26 million during the quarter, compared to analysts’ expectations of $152.30 million. Charah Solutions had a negative net margin of 1.67% and a positive return on equity of 15.08%. Analysts predict that Charah Solutions will post 0.43 EPS for the current year.
Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in Charah Solutions during the third quarter worth approximately $2,238,000. Martingale Asset Management L P acquired a new position in Charah Solutions during the fourth quarter worth approximately $833,000. Strs Ohio increased its position in Charah Solutions by 361.9% during the fourth quarter. Strs Ohio now owns 9,700 shares of the company’s stock worth $80,000 after buying an additional 7,600 shares during the period. Peregrine Capital Management LLC increased its position in Charah Solutions by 43.2% during the fourth quarter. Peregrine Capital Management LLC now owns 632,125 shares of the company’s stock worth $5,278,000 after buying an additional 190,783 shares during the period. Finally, Vanguard Group Inc acquired a new position in Charah Solutions during the third quarter worth approximately $155,000. Hedge funds and other institutional investors own 23.29% 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.
See Also: Reverse Stock Split
Receive News & Ratings for Charah Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charah Solutions and related companies with MarketBeat.com's FREE daily email newsletter.