Traders Purchase Large Volume of Chart Industries Call Options (GTLS)
Shares of Chart Industries (NASDAQ:GTLS) saw some unusual options trading on Tuesday. Stock investors purchased 406 call options on the stock, AmericanBankingNews.com reports. This is an increase of approximately 119% compared to the typical daily volume of 185 call options.
Several analysts have recently commented on the stock. Analysts at Johnson Rice downgraded shares of Chart Industries from an “overweight” rating to an “equal weight” rating in a research note on Friday. They now have a $85.00 price target on the stock, down previously from $95.00. Separately, analysts at Zacks upgraded shares of Chart Industries from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 9th. They now have a $80.00 price target on the stock. Finally, analysts at DA Davidson reiterated a “neutral” rating on shares of Chart Industries in a research note on Friday, June 13th. They now have a $85.00 price target on the stock, up previously from $80.00. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $99.90.
Shares of Chart Industries (NASDAQ:GTLS) traded down 0.95% on Tuesday, hitting $69.18. The stock had a trading volume of 649,956 shares. Chart Industries has a one year low of $64.05 and a one year high of $130.85. The stock has a 50-day moving average of $79.72 and a 200-day moving average of $79.63. The company has a market cap of $2.108 billion and a P/E ratio of 28.14.
Chart Industries (NASDAQ:GTLS) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.70 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.74 by $0.04. The company had revenue of $306.80 million for the quarter, compared to the consensus estimate of $313.60 million. During the same quarter in the prior year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis. Analysts expect that Chart Industries will post $2.91 EPS for the current fiscal year.
Chart Industries, Inc, is an independent global manufacturer of engineered equipment used in the production, storage and end-use of hydrocarbon and industrial gases.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.