Chart Industries, Inc. (GTLS) Receives Average Recommendation of “Hold” from Brokerages
Shares of Chart Industries, Inc. (NASDAQ:GTLS) have been given a consensus rating of “Hold” by the twelve research firms that are currently covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $40.50.
A number of equities analysts recently issued reports on GTLS shares. Johnson Rice upgraded shares of Chart Industries from a “hold” rating to a “buy” rating and increased their target price for the company from $40.00 to $42.00 in a research report on Thursday, June 29th. Zacks Investment Research lowered shares of Chart Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. BidaskClub lowered shares of Chart Industries from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Cowen and Company set a $38.00 target price on shares of Chart Industries and gave the company a “hold” rating in a research report on Friday, August 4th.
Shares of Chart Industries (GTLS) opened at 33.32 on Friday. Chart Industries has a one year low of $27.01 and a one year high of $40.87. The stock has a 50 day moving average price of $34.31 and a 200 day moving average price of $35.14. The company has a market capitalization of $1.02 billion, a PE ratio of 87.92 and a beta of 1.28.
Chart Industries (NASDAQ:GTLS) last announced its earnings results on Thursday, July 27th. The industrial products company reported $0.21 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.21. The firm had revenue of $238.21 million during the quarter, compared to analyst estimates of $225.76 million. Chart Industries had a net margin of 1.35% and a return on equity of 3.28%. Chart Industries’s revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.72 EPS. On average, equities research analysts predict that Chart Industries will post $0.77 earnings per share for the current year.
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Hedge funds and other institutional investors have recently made changes to their positions in the company. State of Alaska Department of Revenue boosted its position in shares of Chart Industries by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 3,390 shares of the industrial products company’s stock valued at $118,000 after buying an additional 80 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Chart Industries by 29.1% in the first quarter. SG Americas Securities LLC now owns 4,665 shares of the industrial products company’s stock valued at $163,000 after buying an additional 1,052 shares during the last quarter. Invictus RG purchased a new position in shares of Chart Industries during the first quarter valued at approximately $180,000. Envestnet Asset Management Inc. boosted its position in shares of Chart Industries by 2.7% in the first quarter. Envestnet Asset Management Inc. now owns 6,282 shares of the industrial products company’s stock valued at $219,000 after buying an additional 168 shares during the last quarter. Finally, Piedmont Investment Advisors LLC purchased a new position in shares of Chart Industries during the second quarter valued at approximately $231,000. Institutional investors own 85.98% of the company’s stock.
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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