Chart Industries, Inc. (NYSE:GTLS) Given Consensus Recommendation of “Reduce” by Brokerages

Chart Industries, Inc. (NYSE:GTLS) has earned a consensus rating of “Reduce” from the thirteen brokerages that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and eleven have issued a hold recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $201.80.

GTLS has been the subject of several recent research reports. Wall Street Zen upgraded Chart Industries from a “strong sell” rating to a “sell” rating in a report on Saturday, June 20th. Zacks Research downgraded Chart Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a research report on Wednesday, June 24th.

Hedge Funds Weigh In On Chart Industries

A number of hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its position in Chart Industries by 95.9% during the third quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 71 shares in the last quarter. Torren Management LLC bought a new stake in Chart Industries in the fourth quarter worth approximately $30,000. MCF Advisors LLC acquired a new position in shares of Chart Industries during the 4th quarter worth $41,000. Los Angeles Capital Management LLC acquired a new position in shares of Chart Industries during the 4th quarter worth $40,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Chart Industries by 44.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 223 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 69 shares in the last quarter.

Chart Industries Trading Down 0.1%

Shares of NYSE:GTLS opened at $208.81 on Thursday. The firm has a fifty day moving average of $207.72 and a two-hundred day moving average of $207.24. The company has a quick ratio of 1.21, a current ratio of 1.53 and a debt-to-equity ratio of 1.15. Chart Industries has a 12-month low of $162.00 and a 12-month high of $209.18. The firm has a market capitalization of $10.00 billion, a P/E ratio of -200.77, a price-to-earnings-growth ratio of 1.23 and a beta of 1.53.

About Chart Industries

Chart Industries, Inc (NYSE: GTLS) is a leading global manufacturer of engineered equipment for the storage, distribution and end-use of hydrocarbon and industrial gases. The company specializes in cryogenic systems and components, serving key markets such as energy, chemical processing, industrial gas, food and beverage, and medical gases. Chart’s product portfolio includes large-scale cryogenic storage tanks, vaporizers, heat exchangers and pump systems designed to maintain gases in liquid and gaseous states under extreme conditions.

Founded in 1992 and headquartered in Ball Ground, Georgia, Chart Industries has evolved through targeted acquisitions and organic growth to expand its technological capabilities and geographic reach.