Chart Industries, Inc. (NASDAQ:GTLS) has received a consensus rating of “Hold” from the twelve brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $80.22.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Chart Industries from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. ValuEngine raised Chart Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, September 11th. Lake Street Capital set a $109.00 price objective on Chart Industries and gave the company a “buy” rating in a research note on Friday, October 18th. Morgan Stanley cut their target price on Chart Industries from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 8th. Finally, Citigroup initiated coverage on Chart Industries in a research note on Tuesday, November 26th. They set a “buy” rating and a $71.00 target price for the company.
Shares of GTLS traded down $0.40 during midday trading on Friday, reaching $52.39. The stock had a trading volume of 260,064 shares, compared to its average volume of 316,402. The firm has a 50 day simple moving average of $57.19 and a 200-day simple moving average of $66.52. Chart Industries has a one year low of $52.40 and a one year high of $95.66. The firm has a market cap of $1.88 billion, a PE ratio of 25.94 and a beta of 1.23. The company has a current ratio of 1.83, a quick ratio of 1.20 and a debt-to-equity ratio of 0.68.
Chart Industries (NASDAQ:GTLS) last posted its earnings results on Thursday, October 17th. The industrial products company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). Chart Industries had a return on equity of 8.10% and a net margin of 6.55%. The business had revenue of $357.80 million for the quarter, compared to analyst estimates of $378.53 million. During the same period in the previous year, the firm posted $0.74 earnings per share. The firm’s revenue was up 31.4% compared to the same quarter last year. As a group, research analysts forecast that Chart Industries will post 2.79 EPS for the current fiscal year.
Hedge funds have recently bought and sold shares of the stock. Invesco Ltd. lifted its holdings in Chart Industries by 791.7% during the 2nd quarter. Invesco Ltd. now owns 698,418 shares of the industrial products company’s stock worth $53,694,000 after purchasing an additional 620,090 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Chart Industries by 12.6% during the second quarter. BlackRock Inc. now owns 5,106,373 shares of the industrial products company’s stock valued at $392,575,000 after purchasing an additional 569,836 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Chart Industries by 5,240.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 563,995 shares of the industrial products company’s stock worth $42,164,000 after purchasing an additional 553,435 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Chart Industries in the 2nd quarter worth approximately $23,800,000. Finally, Vanguard Group Inc. boosted its position in shares of Chart Industries by 7.7% in the 2nd quarter. Vanguard Group Inc. now owns 3,577,954 shares of the industrial products company’s stock worth $275,072,000 after purchasing an additional 256,912 shares in the last quarter.
About Chart Industries
Chart Industries, Inc manufactures and sells engineered equipment and packaged solutions; and provides value-add services for the energy and industrial gas industries worldwide. It operates through three segments: Energy & Chemicals, Distribution & Storage Western Hemisphere, and Distribution & Storage Eastern Hemisphere segments.
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