Charah Solutions (CHRA) Cut to “Hold” at Zacks Investment Research

Charah Solutions (NYSE:CHRA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Thursday.

According to Zacks, “Charah Solutions, Inc. is a provider of environmental and maintenance services to the power generation industry with operations in coal-fired and nuclear power generation. Charah Solutions, Inc. is based in Louisville, KY. “

Several other brokerages have also weighed in on CHRA. Morgan Stanley cut their price target on Charah Solutions from $14.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday, August 15th. Bank of America upgraded Charah Solutions from a “neutral” rating to a “buy” rating in a report on Wednesday, October 3rd. They noted that the move was a valuation call. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $11.75.

Shares of Charah Solutions stock opened at $6.67 on Thursday. The company has a current ratio of 1.24, a quick ratio of 1.06 and a debt-to-equity ratio of 2.52. Charah Solutions has a twelve month low of $5.27 and a twelve month high of $12.00.

Charah Solutions (NYSE:CHRA) last announced its quarterly earnings results on Tuesday, November 13th. The company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.04. Charah Solutions had a positive return on equity of 14.85% and a negative net margin of 2.12%. The firm had revenue of $186.00 million during the quarter, compared to analyst estimates of $202.00 million. On average, research analysts predict that Charah Solutions will post 0.7 EPS for the current year.

A number of hedge funds have recently bought and sold shares of CHRA. Tower Research Capital LLC TRC acquired a new stake in Charah Solutions in the 3rd quarter worth about $116,000. Point72 Hong Kong Ltd acquired a new stake in Charah Solutions in the 2nd quarter worth about $144,000. Shepherd Kaplan Krochuk LLC acquired a new stake in Charah Solutions in the 3rd quarter worth about $144,000. Vanguard Group Inc. acquired a new stake in Charah Solutions in the 3rd quarter worth about $155,000. Finally, Citadel Advisors LLC acquired a new stake in Charah Solutions in the 3rd quarter worth about $183,000. Institutional investors own 25.68% of the company’s stock.

About Charah Solutions

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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