Charah Solutions (NYSE:CHRA) Rating Lowered to Equal Weight at Morgan Stanley

Morgan Stanley downgraded shares of Charah Solutions (NYSE:CHRA) from an overweight rating to an equal weight rating in a report issued on Friday, BenzingaRatingsTable reports. They currently have $4.00 price target on the stock, down from their previous price target of $7.00.

Several other analysts have also recently commented on the company. ValuEngine upgraded Charah Solutions from a hold rating to a buy rating in a report on Friday. Zacks Investment Research cut Charah Solutions from a hold rating to a sell rating in a report on Tuesday, July 30th.

CHRA opened at $3.24 on Friday. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.91 and a quick ratio of 1.47. The stock has a market capitalization of $97.04 million, a price-to-earnings ratio of 3.52 and a beta of -0.29. The business has a 50-day moving average of $5.08 and a two-hundred day moving average of $5.95. Charah Solutions has a 12 month low of $3.13 and a 12 month high of $8.76.

A number of institutional investors and hedge funds have recently bought and sold shares of CHRA. Skylands Capital LLC purchased a new stake in Charah Solutions in the 2nd quarter valued at about $1,823,000. BlackRock Inc. grew its holdings in Charah Solutions by 34.1% in the 2nd quarter. BlackRock Inc. now owns 451,176 shares of the company’s stock valued at $2,482,000 after buying an additional 114,819 shares during the period. Bank of New York Mellon Corp purchased a new stake in Charah Solutions in the 4th quarter valued at about $408,000. Vanguard Group Inc. grew its holdings in Charah Solutions by 6.2% in the 2nd quarter. Vanguard Group Inc. now owns 410,948 shares of the company’s stock valued at $2,261,000 after buying an additional 23,838 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Charah Solutions by 66.4% in the 4th quarter. Geode Capital Management LLC now owns 50,767 shares of the company’s stock valued at $423,000 after buying an additional 20,252 shares during the period. Institutional investors own 25.30% of the company’s stock.

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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