Chart Industries (GTLS) Downgraded by BidaskClub to “Hold”

Chart Industries (NASDAQ:GTLS) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

A number of other analysts have also issued reports on the company. Cowen set a $50.00 price objective on Chart Industries and gave the company a “hold” rating in a research note on Thursday, January 4th. Lake Street Capital set a $59.00 price objective on Chart Industries and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Zacks Investment Research lowered Chart Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Seaport Global Securities upgraded Chart Industries from a “neutral” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Friday, October 27th. Finally, Northcoast Research upgraded Chart Industries from a “neutral” rating to a “buy” rating and set a $51.00 price objective on the stock in a research note on Monday, October 9th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $52.67.

Shares of Chart Industries (NASDAQ GTLS) traded up $0.95 on Friday, hitting $53.13. The company’s stock had a trading volume of 298,061 shares, compared to its average volume of 217,080. The company has a market capitalization of $1,634.86, a price-to-earnings ratio of -885.35, a PEG ratio of 1.52 and a beta of 1.33. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.74 and a current ratio of 1.13. Chart Industries has a 52-week low of $32.04 and a 52-week high of $55.42.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased its stake in Chart Industries by 0.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,756 shares of the industrial products company’s stock worth $824,000 after acquiring an additional 215 shares during the last quarter. Suntrust Banks Inc. increased its stake in Chart Industries by 2.0% in the 2nd quarter. Suntrust Banks Inc. now owns 12,692 shares of the industrial products company’s stock worth $439,000 after acquiring an additional 252 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in Chart Industries by 0.3% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 99,977 shares of the industrial products company’s stock worth $3,472,000 after acquiring an additional 292 shares during the last quarter. CS Mckee LP increased its stake in Chart Industries by 2.0% in the 2nd quarter. CS Mckee LP now owns 36,125 shares of the industrial products company’s stock worth $1,255,000 after acquiring an additional 700 shares during the last quarter. Finally, Thrivent Financial For Lutherans increased its stake in Chart Industries by 5.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 18,460 shares of the industrial products company’s stock worth $641,000 after acquiring an additional 970 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

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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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