Shares of Charah Solutions Inc (NYSE:CHRA) have been given 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 issued a buy recommendation and one has issued a strong buy recommendation on the company.
Brokers have set a one year consensus price objective of $6.50 for the company and are anticipating 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 190 out of 256 based on the ratings given to its competitors.
Several analysts have recently issued reports on the stock. Morgan Stanley set a $100.00 price target on shares of Cimarex Energy and gave the stock a “buy” rating in a research report on Thursday, May 16th. Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd.
Shares of CHRA traded down $0.01 during mid-day trading on Friday, hitting $5.32. 21,476 shares of the company’s stock were exchanged, compared to its average volume of 70,907. The company has a market capitalization of $156.96 million and a P/E ratio of 5.78. Charah Solutions has a fifty-two week low of $3.95 and a fifty-two week high of $11.02. The company has a debt-to-equity ratio of 2.62, a quick ratio of 1.47 and a current ratio of 1.68. The company has a 50-day moving average of $5.14.
Charah Solutions (NYSE:CHRA) last issued its quarterly earnings results on Wednesday, May 15th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.05). The business had revenue of $163.26 million for the quarter, compared to analyst estimates 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, research analysts predict that Charah Solutions will post 0.28 EPS for the current fiscal year.
A number of large investors have recently modified their holdings of the stock. Macquarie Group Ltd. raised its holdings in Charah Solutions by 226.8% in the fourth quarter. Macquarie Group Ltd. now owns 6,200 shares of the company’s stock valued at $52,000 after acquiring an additional 4,303 shares in the last quarter. Monarch Partners Asset Management LLC raised its holdings in Charah Solutions by 11.7% in the first quarter. Monarch Partners Asset Management LLC now owns 90,661 shares of the company’s stock valued at $580,000 after acquiring an additional 9,495 shares in the last quarter. Northern Trust Corp raised its holdings in Charah Solutions by 13.6% in the fourth quarter. Northern Trust Corp now owns 91,176 shares of the company’s stock valued at $761,000 after acquiring an additional 10,917 shares in the last quarter. Spark Investment Management LLC raised its holdings in Charah Solutions by 101.8% in the first quarter. Spark Investment Management LLC now owns 21,800 shares of the company’s stock valued at $139,000 after acquiring an additional 10,996 shares in the last quarter. Finally, Strs Ohio raised its holdings in Charah Solutions by 123.7% in the first quarter. Strs Ohio now owns 21,700 shares of the company’s stock valued at $138,000 after acquiring an additional 12,000 shares in the last quarter. 23.80% of the stock is currently owned by hedge funds and other institutional investors.
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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