Charah Solutions (NYSE:CHRA) Raised to Buy at ValuEngine

ValuEngine upgraded shares of Charah Solutions (NYSE:CHRA) from a hold rating to a buy rating in a report released on Friday morning, ValuEngine reports.

A number of other brokerages have also recently weighed in on CHRA. Morgan Stanley set a $7.00 price objective on Charah Solutions and gave the company a buy rating in a research note on Thursday, May 16th. Zacks Investment Research cut Charah Solutions from a hold rating to a sell rating in a research note on Tuesday, July 30th.

Shares of NYSE CHRA opened at $3.28 on Friday. Charah Solutions has a twelve month low of $3.18 and a twelve month high of $8.76. The company has a current ratio of 0.91, a quick ratio of 1.47 and a debt-to-equity ratio of 2.22. The stock has a fifty day simple moving average of $5.21 and a 200-day simple moving average of $5.99. The stock has a market capitalization of $97.04 million, a PE ratio of 82.00 and a beta of -0.29.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CHRA. Skylands Capital LLC acquired a new position in Charah Solutions during the 2nd quarter worth $1,823,000. BlackRock Inc. grew its stake in Charah Solutions by 34.1% during the 2nd quarter. BlackRock Inc. now owns 451,176 shares of the company’s stock worth $2,482,000 after purchasing an additional 114,819 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Charah Solutions during the 4th quarter worth $408,000. Vanguard Group Inc. grew its stake in Charah Solutions by 6.2% during the 2nd quarter. Vanguard Group Inc. now owns 410,948 shares of the company’s stock worth $2,261,000 after purchasing an additional 23,838 shares in the last quarter. 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 purchasing an additional 20,252 shares in the last quarter. 25.30% of the stock is owned by hedge funds and other institutional investors.

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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