Chart Industries, Inc. (GTLS) Receives Average Recommendation of “Buy” from Analysts

Shares of Chart Industries, Inc. (NASDAQ:GTLS) have earned an average rating of “Buy” from the eight research firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $53.20.

GTLS has been the subject of a number of recent analyst reports. Cowen restated a “hold” rating and set a $40.00 price target on shares of Chart Industries in a report on Sunday, October 22nd. Zacks Investment Research upgraded shares of Chart Industries from a “hold” rating to a “strong-buy” rating and set a $50.00 price target for the company in a report on Wednesday, November 1st. BidaskClub cut shares of Chart Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 6th. Seaport Global Securities upgraded shares of Chart Industries from a “neutral” rating to a “buy” rating and set a $58.00 price target for the company in a report on Friday, October 27th. Finally, Lake Street Capital upped their price target on shares of Chart Industries from $48.00 to $55.00 and gave the company a “buy” rating in a report on Friday, October 27th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GTLS. Eagle Asset Management Inc. lifted its stake in shares of Chart Industries by 176.4% in the third quarter. Eagle Asset Management Inc. now owns 1,448,392 shares of the industrial products company’s stock valued at $58,297,000 after buying an additional 924,284 shares during the period. SG Capital Management LLC bought a new stake in shares of Chart Industries in the third quarter valued at about $13,381,000. Dimensional Fund Advisors LP lifted its stake in shares of Chart Industries by 12.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,350,503 shares of the industrial products company’s stock valued at $81,633,000 after buying an additional 260,913 shares during the period. Cramer Rosenthal Mcglynn LLC bought a new stake in shares of Chart Industries in the third quarter valued at about $8,409,000. Finally, Northern Trust Corp lifted its stake in shares of Chart Industries by 7.7% in the second quarter. Northern Trust Corp now owns 667,334 shares of the industrial products company’s stock valued at $23,178,000 after buying an additional 47,728 shares during the period. Institutional investors and hedge funds own 86.57% of the company’s stock.

Shares of Chart Industries (GTLS) opened at $52.86 on Tuesday. 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 has a fifty-two week low of $32.04 and a fifty-two week high of $55.42. The stock has a market cap of $1,634.87, a PE ratio of -880.85, a price-to-earnings-growth ratio of 1.52 and a beta of 1.33.

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

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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.

Analyst Recommendations for Chart Industries (NASDAQ:GTLS)

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