Charah Solutions (CHRA) Given a $10.00 Price Target by Morgan Stanley Analysts

Morgan Stanley set a $10.00 price objective on Charah Solutions (NYSE:CHRA) in a research note issued to investors on Tuesday. The firm currently has a buy rating on the stock.

CHRA has been the topic of several other reports. Bank of America raised shares of Charah Solutions from a neutral rating to a buy rating in a research report on Wednesday, October 3rd. They noted that the move was a valuation call. Zacks Investment Research raised shares of Charah Solutions from a hold rating to a buy rating and set a $8.75 target price for the company in a report on Tuesday, October 16th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $11.25.

Shares of NYSE:CHRA traded down $0.10 during midday trading on Tuesday, reaching $7.90. 61,664 shares of the company’s stock were exchanged, compared to its average volume of 71,075. Charah Solutions has a 12 month low of $5.27 and a 12 month high of $12.00. The company has a quick ratio of 1.06, a current ratio of 1.24 and a debt-to-equity ratio of 2.52.

Charah Solutions (NYSE:CHRA) last posted its quarterly earnings data on Tuesday, November 13th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.04. Charah Solutions had a negative net margin of 2.12% and a positive return on equity of 14.85%. The firm had revenue of $186.00 million during the quarter, compared to analysts’ expectations of $202.00 million. Equities research analysts predict that Charah Solutions will post 0.63 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. Hilltop Holdings Inc. purchased a new position in shares of Charah Solutions during the second quarter worth about $520,000. Laurion Capital Management LP purchased a new stake in Charah Solutions in the second quarter worth $1,720,000. Sei Investments Co. purchased a new stake in shares of Charah Solutions in the second quarter worth $557,000. FMR LLC purchased a new stake in shares of Charah Solutions in the second quarter worth $7,658,000. Finally, Arrowgrass Capital Partners US LP purchased a new stake in shares of Charah Solutions in the second quarter worth $663,000. 22.85% of the stock is owned by institutional investors and hedge funds.

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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