Chart Industries, Inc. (GTLS) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Chart Industries, Inc. (NASDAQ:GTLS) have earned a consensus recommendation of “Hold” from the twelve analysts that are covering the firm, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $40.50.
Several analysts have weighed in on the company. Cowen and Company set a $38.00 price target on Chart Industries and gave the company a “hold” rating in a report on Friday, August 4th. BidaskClub raised Chart Industries from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Zacks Investment Research raised Chart Industries from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Finally, Johnson Rice raised Chart Industries from a “hold” rating to a “buy” rating and raised their price target for the company from $40.00 to $42.00 in a report on Thursday, June 29th.
Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC increased its position in shares of Chart Industries by 29.1% during the 1st quarter. SG Americas Securities LLC now owns 4,665 shares of the industrial products company’s stock valued at $163,000 after purchasing an additional 1,052 shares during the last quarter. Invictus RG bought a new position in shares of Chart Industries during the 1st quarter valued at about $180,000. State of Alaska Department of Revenue increased its position in shares of Chart Industries by 78.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,063 shares of the industrial products company’s stock valued at $210,000 after purchasing an additional 2,673 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Chart Industries by 2.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 6,282 shares of the industrial products company’s stock valued at $219,000 after purchasing an additional 168 shares during the last quarter. Finally, Piedmont Investment Advisors LLC bought a new position in shares of Chart Industries during the 2nd quarter valued at about $231,000. Hedge funds and other institutional investors own 85.87% of the company’s stock.
Chart Industries (NASDAQ:GTLS) opened at 37.74 on Wednesday. The company has a market cap of $1.16 billion, a PE ratio of 99.58 and a beta of 1.26. The firm has a 50-day moving average price of $34.33 and a 200-day moving average price of $34.74. Chart Industries has a 52-week low of $27.01 and a 52-week high of $40.87.
Chart Industries (NASDAQ:GTLS) last released its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. Chart Industries had a return on equity of 3.28% and a net margin of 1.35%. The firm had revenue of $238.21 million for the quarter, compared to analysts’ expectations of $225.76 million. During the same quarter last year, the firm posted $0.72 EPS. The company’s revenue was down 3.6% compared to the same quarter last year. On average, analysts forecast that Chart Industries will post $0.77 EPS for the current year.
About Chart Industries
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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