Shares of Chart Industries, Inc. (NASDAQ:GTLS) have been assigned a consensus recommendation of “Hold” from the twelve ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $80.22.
Several equities research analysts have issued reports on the stock. Credit Suisse Group assumed coverage on shares of Chart Industries in a research report on Tuesday, August 13th. They issued an “outperform” rating and a $83.00 price objective for the company. Raymond James raised Chart Industries from a “market perform” rating to an “outperform” rating and set a $72.00 target price for the company in a research report on Tuesday, August 13th. Lake Street Capital set a $109.00 target price on Chart Industries and gave the stock a “buy” rating in a report on Friday, October 18th. JPMorgan Chase & Co. assumed coverage on Chart Industries in a research report on Wednesday, September 25th. They set a “neutral” rating and a $73.00 price target on the stock. Finally, BidaskClub downgraded Chart Industries from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 3rd.
Shares of NASDAQ:GTLS traded down $0.40 on Friday, hitting $52.39. 260,064 shares of the company’s stock were exchanged, compared to its average volume of 316,402. Chart Industries has a 12 month low of $52.40 and a 12 month high of $95.66. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 25.94 and a beta of 1.23. The business’s 50 day simple moving average is $57.19 and its two-hundred day simple moving average is $66.52. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.83 and a quick ratio of 1.20.
Chart Industries (NASDAQ:GTLS) last posted its quarterly earnings results on Thursday, October 17th. The industrial products company reported $0.77 EPS for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.01). The company had revenue of $357.80 million during the quarter, compared to the consensus estimate of $378.53 million. Chart Industries had a return on equity of 8.10% and a net margin of 6.55%. The company’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.74 earnings per share. Equities analysts forecast that Chart Industries will post 2.79 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in Chart Industries by 12.6% during the second quarter. BlackRock Inc. now owns 5,106,373 shares of the industrial products company’s stock worth $392,575,000 after buying an additional 569,836 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Chart Industries by 7.7% during the 2nd quarter. Vanguard Group Inc. now owns 3,577,954 shares of the industrial products company’s stock worth $275,072,000 after acquiring an additional 256,912 shares in the last quarter. Carillon Tower Advisers Inc. grew its position in shares of Chart Industries by 0.8% during the 3rd quarter. Carillon Tower Advisers Inc. now owns 1,181,478 shares of the industrial products company’s stock valued at $73,677,000 after acquiring an additional 9,600 shares during the period. State Street Corp grew its position in shares of Chart Industries by 3.6% during the 3rd quarter. State Street Corp now owns 1,015,906 shares of the industrial products company’s stock valued at $63,352,000 after acquiring an additional 35,593 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Chart Industries by 6.8% in the 2nd quarter. Northern Trust Corp now owns 734,988 shares of the industrial products company’s stock valued at $56,505,000 after purchasing an additional 46,820 shares in the last quarter.
Chart Industries Company Profile
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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