Morgan Stanley Lowers Charah Solutions (NYSE:CHRA) to Equal Weight

Morgan Stanley lowered shares of Charah Solutions (NYSE:CHRA) from an overweight rating to an equal weight rating in a report issued on Friday morning, BenzingaRatingsTable reports. Morgan Stanley currently has $4.00 price objective on the stock, down from their prior price objective of $7.00.

Other equities analysts also recently issued reports about the company. Zacks Investment Research downgraded Charah Solutions from a hold rating to a sell rating in a research note on Tuesday, July 30th. ValuEngine upgraded Charah Solutions from a hold rating to a buy rating in a research note on Friday.

NYSE:CHRA opened at $3.28 on Friday. The company has a market capitalization of $97.04 million, a price-to-earnings ratio of 3.57 and a beta of -0.29. Charah Solutions has a one year low of $3.18 and a one year high of $8.76. The stock has a 50-day simple moving average of $5.21 and a 200 day simple moving average of $5.99. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.47 and a current ratio of 0.91.



A number of large investors have recently bought and sold shares of CHRA. Vanguard Group Inc. lifted its stake in Charah Solutions by 6.2% in the second 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. BlackRock Inc. lifted its stake in Charah Solutions by 34.1% in the second 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. Northern Trust Corp lifted its stake in Charah Solutions by 5.6% in the second quarter. Northern Trust Corp now owns 97,867 shares of the company’s stock worth $538,000 after acquiring an additional 5,173 shares during the period. Monarch Partners Asset Management LLC lifted its stake in Charah Solutions by 20.8% in the second quarter. Monarch Partners Asset Management LLC now owns 109,541 shares of the company’s stock worth $602,000 after acquiring an additional 18,880 shares during the period. Finally, GSA Capital Partners LLP purchased a new stake in Charah Solutions in the second quarter worth $69,000. Institutional investors and hedge funds own 25.30% of the company’s stock.

Charah Solutions Company Profile

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.

See Also: Average Daily Trade Volume – What It Means In Stock Trading

Receive News & Ratings for Charah Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charah Solutions and related companies with MarketBeat.com's FREE daily email newsletter.