Chart Industries, Inc. (GTLS) Given Average Recommendation of “Hold” by Brokerages
Chart Industries, Inc. (NASDAQ:GTLS) has earned an average recommendation of “Hold” from the nine ratings firms that are currently covering the stock. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $40.75.
Several research analysts have recently commented on the stock. Zacks Investment Research cut shares of Chart Industries from a “buy” rating to a “hold” rating in a report on Monday, February 27th. TheStreet raised shares of Chart Industries from a “d+” rating to a “c” rating in a report on Friday, February 24th. Finally, Lake Street Capital raised shares of Chart Industries from a “hold” rating to a “buy” rating and raised their target price for the stock from $32.00 to $44.00 in a report on Friday, February 24th.
Several hedge funds have recently bought and sold shares of GTLS. Caxton Associates LP purchased a new stake in Chart Industries during the first quarter valued at about $332,000. Tudor Investment Corp ET AL raised its stake in Chart Industries by 58.4% in the first quarter. Tudor Investment Corp ET AL now owns 14,402 shares of the industrial products company’s stock valued at $503,000 after buying an additional 5,311 shares in the last quarter. Paloma Partners Management Co purchased a new stake in Chart Industries during the first quarter valued at about $512,000. Sensato Investors LLC purchased a new stake in Chart Industries during the first quarter valued at about $936,000. Finally, Schwab Charles Investment Management Inc. raised its stake in Chart Industries by 8.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 216,287 shares of the industrial products company’s stock valued at $7,558,000 after buying an additional 17,044 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.
Shares of Chart Industries (NASDAQ:GTLS) opened at 35.64 on Tuesday. Chart Industries has a 12-month low of $21.80 and a 12-month high of $40.87. The firm has a market capitalization of $1.09 billion, a P/E ratio of 36.82 and a beta of 1.62. The firm’s 50-day moving average price is $34.78 and its 200-day moving average price is $35.75.
Chart Industries (NASDAQ:GTLS) last announced its earnings results on Thursday, April 27th. The industrial products company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.01. Chart Industries had a positive return on equity of 6.10% and a negative net margin of 21.93%. The business had revenue of $204.10 million for the quarter, compared to the consensus estimate of $198.57 million. During the same period in the prior year, the business posted ($0.08) earnings per share. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. Equities analysts predict that Chart Industries will post $0.76 earnings per share for the current fiscal year.
Chart Industries Company Profile
Chart Industries, Inc is a diversified global manufacturer of engineered equipment, packaged solutions, and value-add services used throughout the industrial gas, energy and biomedical industries. The Company operates through three business segments: Energy & Chemicals (E&C), Distribution & Storage (D&S) and BioMedical.
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