Chart Industries Inc. (GTLS) Given Average Rating of “Hold” by Analysts
Shares of Chart Industries Inc. (NASDAQ:GTLS) have earned a consensus rating of “Hold” from the ten analysts that are covering the stock. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $31.44.
A number of analysts recently issued reports on GTLS shares. Zacks Investment Research upgraded shares of Chart Industries from a “sell” rating to a “hold” rating in a research note on Friday, July 29th. Gabelli started coverage on shares of Chart Industries in a research note on Tuesday. They issued a “buy” rating and a $51.00 price target for the company. Finally, Evercore ISI lowered shares of Chart Industries from a “buy” rating to a “hold” rating and set a $29.00 price target for the company. in a research note on Thursday, August 4th.
Several institutional investors have recently made changes to their positions in GTLS. Vanguard Group Inc. increased its position in shares of Chart Industries by 4.0% in the second quarter. Vanguard Group Inc. now owns 2,452,120 shares of the company’s stock valued at $59,170,000 after buying an additional 94,829 shares during the period. BlackRock Fund Advisors increased its position in shares of Chart Industries by 3.0% in the second quarter. BlackRock Fund Advisors now owns 2,080,675 shares of the company’s stock valued at $50,207,000 after buying an additional 59,715 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Chart Industries by 14.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,392,014 shares of the company’s stock valued at $33,589,000 after buying an additional 174,348 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in shares of Chart Industries by 1.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 750,380 shares of the company’s stock valued at $16,298,000 after buying an additional 11,228 shares during the period. Finally, State Street Corp increased its position in shares of Chart Industries by 2.7% in the second quarter. State Street Corp now owns 638,288 shares of the company’s stock valued at $15,401,000 after buying an additional 16,884 shares during the period. 88.30% of the stock is owned by institutional investors.
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Chart Industries (NASDAQ:GTLS) traded up 1.43% during trading on Wednesday, reaching $33.42. 64,849 shares of the company were exchanged. The firm’s market capitalization is $1.02 billion. The stock has a 50 day moving average price of $31.39 and a 200 day moving average price of $26.99. Chart Industries has a 12 month low of $13.27 and a 12 month high of $34.06.
Chart Industries (NASDAQ:GTLS) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.60. The company had revenue of $247.10 million for the quarter, compared to analyst estimates of $222.95 million. Chart Industries had a negative net margin of 21.63% and a positive return on equity of 4.55%. The business’s quarterly revenue was down 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 earnings per share. On average, analysts expect that Chart Industries will post $0.84 EPS for the current fiscal year.
About Chart Industries
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.
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