Chart Industries (GTLS) Upgraded to Buy by BidaskClub

Chart Industries (NASDAQ:GTLS) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a report released on Friday.

GTLS has been the subject of several other reports. Zacks Investment Research lowered shares of Chart Industries from a “buy” rating to a “hold” rating in a research report on Wednesday. Lake Street Capital set a $59.00 price target on shares of Chart Industries and gave the company a “buy” rating in a research report on Wednesday. Cowen set a $50.00 price target on shares of Chart Industries and gave the company a “hold” rating in a research report on Thursday. Northcoast Research raised shares of Chart Industries from a “neutral” rating to a “buy” rating and set a $51.00 price target for the company in a research report on Monday, October 9th. Finally, Johnson Rice reaffirmed a “buy” rating and issued a $48.00 price objective (up from $42.00) on shares of Chart Industries in a research report on Monday, October 2nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $52.67.

Shares of Chart Industries (NASDAQ GTLS) opened at $51.79 on Friday. The company has a market cap of $1,570.00, a PE ratio of -739.86, a price-to-earnings-growth ratio of 1.56 and a beta of 1.33. Chart Industries has a 1 year low of $32.04 and a 1 year high of $53.10. The company has a current ratio of 1.13, a quick ratio of 0.74 and a debt-to-equity ratio of 0.42.

Chart Industries (NASDAQ:GTLS) last released its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.07. The business had revenue of $240.50 million during the quarter, compared to analyst estimates of $235.96 million. Chart Industries had a negative net margin of 0.21% and a positive return on equity of 2.25%. The company’s quarterly revenue was up 17.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.53 earnings per share. equities research analysts predict that Chart Industries will post 0.84 EPS for the current year.

Several institutional investors have recently made changes to their positions in GTLS. Eagle Asset Management Inc. raised its position in shares of Chart Industries by 176.4% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,448,392 shares of the industrial products company’s stock valued at $58,297,000 after purchasing an additional 924,284 shares during the last quarter. SG Capital Management LLC purchased a new position in shares of Chart Industries in the 3rd quarter valued at approximately $13,381,000. Dimensional Fund Advisors LP raised its position in shares of Chart Industries by 12.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,350,503 shares of the industrial products company’s stock valued at $81,633,000 after purchasing an additional 260,913 shares during the last quarter. Cramer Rosenthal Mcglynn LLC purchased a new position in shares of Chart Industries in the 3rd quarter valued at approximately $8,409,000. Finally, Granite Point Capital Management L.P. purchased a new position in shares of Chart Industries in the 2nd quarter valued at approximately $2,431,000. 86.65% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Chart Industries (NASDAQ:GTLS)

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