Zacks: Charah Solutions Inc (NYSE:CHRA) Given $4.33 Consensus Target Price by Analysts

Charah Solutions Inc (NYSE:CHRA) has been given a consensus broker rating score of 2.67 (Hold) from the three brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and one has given a strong buy recommendation to the company.

Analysts have set a 12-month consensus price objective of $4.33 for the company and are forecasting that the company will post $0.05 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Charah Solutions an industry rank of 92 out of 255 based on the ratings given to its competitors.

CHRA has been the subject of several recent analyst reports. First Analysis decreased their price target on Charah Solutions from $8.00 to $3.00 and set an “outperform” rating for the company in a research note on Friday, October 4th. Zacks Investment Research raised Charah Solutions from a “hold” rating to a “buy” rating and set a $2.75 price objective on the stock in a report on Friday, November 22nd. ValuEngine raised Charah Solutions from a “hold” rating to a “buy” rating in a research note on Friday, August 16th. Finally, Morgan Stanley reduced their target price on Charah Solutions from $4.00 to $3.00 and set an “equal weight” rating for the company in a report on Thursday, October 10th.

In other Charah Solutions news, CEO Scott Andrew Sewell bought 14,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was purchased at an average price of $2.62 per share, for a total transaction of $36,680.00. Also, CFO Roger D. Shannon bought 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average price of $2.60 per share, with a total value of $31,200.00. 2.40% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Northern Trust Corp grew its position in Charah Solutions by 5.6% in the 2nd quarter. Northern Trust Corp now owns 97,867 shares of the company’s stock worth $538,000 after purchasing an additional 5,173 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Charah Solutions in the 2nd quarter valued at approximately $69,000. BlackRock Inc. lifted its position in shares of Charah Solutions by 34.1% in the 2nd quarter. BlackRock Inc. now owns 451,176 shares of the company’s stock worth $2,482,000 after acquiring an additional 114,819 shares during the period. Vanguard Group Inc. lifted its position in shares of Charah Solutions by 6.2% in the 2nd quarter. Vanguard Group Inc. now owns 410,948 shares of the company’s stock worth $2,261,000 after acquiring an additional 23,838 shares during the period. Finally, Skylands Capital LLC bought a new stake in shares of Charah Solutions in the 2nd quarter worth approximately $1,823,000. 23.62% of the stock is currently owned by institutional investors.

NYSE CHRA opened at $2.09 on Friday. Charah Solutions has a fifty-two week low of $1.76 and a fifty-two week high of $8.65. The stock’s 50-day moving average is $2.12 and its two-hundred day moving average is $3.61. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.62 and a current ratio of 0.71.

About Charah Solutions

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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