Chart Industries Inc. (GTLS) Receives New Coverage from Analysts at Gabelli
Equities research analysts at Gabelli started coverage on shares of Chart Industries Inc. (NASDAQ:GTLS) in a research report issued to clients and investors on Tuesday. The firm set a “buy” rating on the stock.
Several other research analysts also recently commented on GTLS. Zacks Investment Research raised Chart Industries from a “sell” rating to a “hold” rating in a research report on Friday, July 29th. Evercore ISI lowered Chart Industries from a “buy” rating to a “hold” rating and set a $29.00 price objective on the stock. in a report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $27.86.
Shares of Chart Industries (NASDAQ:GTLS) opened at 33.20 on Tuesday. Chart Industries has a 12 month low of $13.27 and a 12 month high of $34.06. The firm’s market capitalization is $1.02 billion. The firm has a 50-day moving average price of $31.34 and a 200 day moving average price of $26.94.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/11/chart-industries-inc-gtls-receives-new-coverage-from-analysts-at-gabelli.html
Chart Industries (NASDAQ:GTLS) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.60. The company had revenue of $247.10 million for the quarter, compared to the consensus estimate of $222.95 million. Chart Industries had a positive return on equity of 4.55% and a negative net margin of 21.63%. The company’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.60 EPS. On average, analysts anticipate that Chart Industries will post $0.84 EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in GTLS. Acrospire Investment Management LLC raised its stake in shares of Chart Industries by 162.5% in the second quarter. Acrospire Investment Management LLC now owns 4,200 shares of the company’s stock valued at $101,000 after buying an additional 2,600 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of Chart Industries by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 4,249 shares of the company’s stock valued at $103,000 after buying an additional 523 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Chart Industries during the second quarter valued at $113,000. Independent Portfolio Consultants Inc. purchased a new stake in shares of Chart Industries during the second quarter valued at $135,000. Finally, Mason Street Advisors LLC purchased a new stake in shares of Chart Industries during the second quarter valued at $144,000. 88.30% of the stock is currently owned by institutional investors.
Chart Industries Company Profile
Chart Industries, Inc (Chart) is a diversified manufacturer of engineered equipment for the industrial gas, energy, and biomedical industries. The Company’s equipment and engineered systems are used for low-temperature and cryogenic applications. It operates through three segments, including Energy & Chemicals (E&C), Distribution & Storage (D&S), and BioMedical.
Receive News & Ratings for Chart Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chart Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.