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

Chart Industries, Inc. (NYSE:GTLS) has received a consensus recommendation of “Reduce” from the thirteen analysts that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and eleven have issued a hold recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $201.80.

Several analysts have weighed in on GTLS shares. Zacks Research downgraded Chart Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Wall Street Zen downgraded Chart Industries from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a research note on Friday, March 27th.

Institutional Trading of Chart Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Segall Bryant & Hamill LLC bought a new stake in shares of Chart Industries in the 1st quarter worth $1,460,000. Groupe la Francaise raised its stake in shares of Chart Industries by 132.2% in the 1st quarter. Groupe la Francaise now owns 57,289 shares of the industrial products company’s stock worth $11,845,000 after buying an additional 32,620 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Chart Industries by 7.8% in the 1st quarter. Bank of America Corp DE now owns 333,945 shares of the industrial products company’s stock worth $69,043,000 after buying an additional 24,049 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Chart Industries by 4.4% in the 1st quarter. Janus Henderson Group PLC now owns 58,920 shares of the industrial products company’s stock worth $12,182,000 after buying an additional 2,500 shares in the last quarter. Finally, Oddo BHF Asset Management Sas raised its stake in shares of Chart Industries by 1,839.6% in the 1st quarter. Oddo BHF Asset Management Sas now owns 95,000 shares of the industrial products company’s stock worth $19,641,000 after buying an additional 90,102 shares in the last quarter.

Chart Industries Stock Down 0.1%

Shares of Chart Industries stock opened at $207.30 on Friday. The business’s fifty day moving average price is $207.57 and its two-hundred day moving average price is $206.78. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.53 and a quick ratio of 1.21. The company has a market capitalization of $9.92 billion, a P/E ratio of 797.34, a PEG ratio of 1.22 and a beta of 1.53. Chart Industries has a 1-year low of $140.50 and a 1-year high of $208.76.

Chart Industries Company Profile

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.