Chart Industries Receives Average Rating of “Hold” from Analysts (NASDAQ:GTLS)
Shares of Chart Industries (NASDAQ:GTLS) have been given a consensus recommendation of “Hold” by the eleven brokerages that are currently covering the stock, AnalystRatingsNetwork.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $98.52.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Chart Industries from a “neutral” rating to an “underperform” rating in a research note on Thursday, August 7th. They now have a $66.20 price target on the stock. Separately, analysts at Johnson Rice downgraded shares of Chart Industries from an “overweight” rating to an “equal weight” rating in a research note on Friday, August 1st. They now have a $85.00 price target on the stock, down previously from $95.00. 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.
Chart Industries (NASDAQ:GTLS) traded down 0.57% on Friday, hitting $65.96. The stock had a trading volume of 78,897 shares. Chart Industries has a one year low of $64.05 and a one year high of $130.85. The stock’s 50-day moving average is $73.43 and its 200-day moving average is $77.64. The company has a market cap of $2.010 billion and a P/E ratio of 26.73.
Chart Industries (NASDAQ:GTLS) last released its earnings data on Thursday, July 31st. The company reported $0.70 earnings per share for the quarter, missing the 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 previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. Analysts expect that Chart Industries will post $2.89 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.
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