Chart Industries, Inc. (NYSE:GTLS) Receives $204.85 Consensus PT from Brokerages

by · The Cerbat Gem

Shares of Chart Industries, Inc. (NYSE:GTLS – Get Free Report) have received an average rating of “Hold” from the seventeen analysts that are covering the company, Marketbeat reports. Fourteen research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $204.8462.

Several research firms have weighed in on GTLS. TD Cowen downgraded Chart Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 31st. UBS Group reissued a “neutral” rating and issued a $210.00 price objective (down previously from $225.00) on shares of Chart Industries in a report on Wednesday, July 30th. Raymond James Financial reissued a “market perform” rating on shares of Chart Industries in a report on Wednesday, July 30th. Citigroup cut Chart Industries from a “buy” rating to a “hold” rating in a report on Friday, September 5th. Finally, Craig Hallum cut Chart Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 29th.

Check Out Our Latest Report on GTLS

Chart Industries Stock Up 0.1%

Chart Industries stock opened at $199.66 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.27 and a current ratio of 1.55. The business’s 50-day simple moving average is $199.49 and its two-hundred day simple moving average is $174.57. The company has a market cap of $8.97 billion, a PE ratio of 37.11, a PEG ratio of 1.15 and a beta of 1.71. Chart Industries has a fifty-two week low of $104.60 and a fifty-two week high of $220.03.

Chart Industries (NYSE:GTLS – Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share for the quarter, missing the consensus estimate of $2.62 by ($0.03). The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. Equities analysts anticipate that Chart Industries will post 9.02 EPS for the current year.

Hedge Funds Weigh In On Chart Industries

Institutional investors and hedge funds have recently modified their holdings of the stock. OneDigital Investment Advisors LLC lifted its holdings in shares of Chart Industries by 13.2% in the 1st quarter. OneDigital Investment Advisors LLC now owns 2,026 shares of the industrial products company’s stock valued at $292,000 after buying an additional 236 shares during the period. GAMMA Investing LLC raised its holdings in Chart Industries by 118.6% in the 1st quarter. GAMMA Investing LLC now owns 1,270 shares of the industrial products company’s stock worth $183,000 after purchasing an additional 689 shares during the period. Bank of New York Mellon Corp raised its holdings in Chart Industries by 2.2% in the 1st quarter. Bank of New York Mellon Corp now owns 308,963 shares of the industrial products company’s stock worth $44,602,000 after purchasing an additional 6,681 shares during the period. Envestnet Asset Management Inc. raised its holdings in Chart Industries by 7.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 57,617 shares of the industrial products company’s stock worth $8,318,000 after purchasing an additional 3,948 shares during the period. Finally, Nordea Investment Management AB raised its holdings in Chart Industries by 5.7% in the 2nd quarter. Nordea Investment Management AB now owns 1,906,083 shares of the industrial products company’s stock worth $317,248,000 after purchasing an additional 102,226 shares during the period.

Chart Industries Company Profile

(Get Free Report)

Chart Industries, Inc engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.

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