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

Shares of Chart Industries, Inc. (NYSE:GTLSGet Free Report) have been given a consensus recommendation of “Buy” by the twelve analysts that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $200.00.

Several equities analysts recently issued reports on GTLS shares. The Goldman Sachs Group set a $180.00 price objective on shares of Chart Industries and gave the company a “neutral” rating in a research note on Wednesday, May 28th. TD Cowen cut their price target on Chart Industries from $210.00 to $205.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Wells Fargo & Company decreased their price objective on Chart Industries from $214.00 to $208.00 and set an “overweight” rating on the stock in a report on Tuesday, April 1st. Morgan Stanley lowered their price objective on Chart Industries from $250.00 to $225.00 and set an “overweight” rating for the company in a research report on Friday, May 16th. Finally, Barclays increased their target price on Chart Industries from $160.00 to $171.00 and gave the stock an “equal weight” rating in a research report on Monday, May 5th.

Get Our Latest Analysis on GTLS

Chart Industries Trading Up 7.1%

NYSE:GTLS opened at $161.96 on Friday. Chart Industries has a 52-week low of $101.60 and a 52-week high of $220.03. The company has a quick ratio of 1.21, a current ratio of 1.51 and a debt-to-equity ratio of 1.18. The stock has a fifty day simple moving average of $150.98 and a 200-day simple moving average of $168.14. The company has a market capitalization of $7.40 billion, a PE ratio of 32.72, a price-to-earnings-growth ratio of 0.59 and a beta of 1.71.

Chart Industries (NYSE:GTLSGet Free Report) last released its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.02. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.02 billion. Chart Industries had a return on equity of 13.93% and a net margin of 5.93%. Chart Industries’s revenue was up 38.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.49 earnings per share. On average, equities research analysts expect that Chart Industries will post 9.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Chart Industries

A number of institutional investors have recently added to or reduced their stakes in GTLS. First Manhattan CO. LLC. raised its position in Chart Industries by 3.1% in the fourth quarter. First Manhattan CO. LLC. now owns 1,779 shares of the industrial products company’s stock valued at $340,000 after purchasing an additional 54 shares during the period. Assetmark Inc. grew its holdings in Chart Industries by 3.0% during the 4th quarter. Assetmark Inc. now owns 2,185 shares of the industrial products company’s stock valued at $417,000 after purchasing an additional 64 shares in the last quarter. Blue Trust Inc. increased its stake in Chart Industries by 56.0% during the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock worth $35,000 after buying an additional 65 shares during the period. Lindbrook Capital LLC lifted its holdings in Chart Industries by 43.4% in the 4th quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company’s stock worth $44,000 after buying an additional 69 shares in the last quarter. Finally, Xponance Inc. lifted its holdings in Chart Industries by 1.4% in the 1st quarter. Xponance Inc. now owns 6,116 shares of the industrial products company’s stock worth $883,000 after buying an additional 85 shares in the last quarter.

About Chart Industries

(Get Free Report

Chart Industries, Inc engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.

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Analyst Recommendations for Chart Industries (NYSE:GTLS)

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