Chart Industries (NASDAQ:GTLS) Now Covered by Credit Suisse Group

Credit Suisse Group began coverage on shares of Chart Industries (NASDAQ:GTLS) in a report published on Tuesday morning, BenzingaRatingsTable reports. The brokerage issued an outperform rating and a $83.00 target price on the industrial products company’s stock.

GTLS has been the topic of a number of other reports. Morgan Stanley lifted their price target on Chart Industries from $90.00 to $100.00 and gave the stock an overweight rating in a research note on Tuesday, July 23rd. BidaskClub lowered Chart Industries from a sell rating to a strong sell rating in a research note on Monday, August 12th. Zacks Investment Research raised Chart Industries from a sell rating to a hold rating in a research note on Wednesday, July 31st. Raymond James raised Chart Industries from a market perform rating to an outperform rating and set a $72.00 price target on the stock in a research note on Tuesday. Finally, ValuEngine lowered Chart Industries from a hold rating to a sell rating in a research note on Saturday, August 10th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $85.43.

Shares of NASDAQ:GTLS opened at $61.42 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.00 and a quick ratio of 1.36. The business’s 50 day moving average price is $71.34 and its 200-day moving average price is $80.63. The firm has a market capitalization of $2.11 billion, a PE ratio of 24.42 and a beta of 1.08. Chart Industries has a 1 year low of $57.88 and a 1 year high of $95.66.



Chart Industries (NASDAQ:GTLS) last issued its quarterly earnings results on Thursday, July 18th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.07. The firm had revenue of $309.60 million for the quarter, compared to analyst estimates of $322.35 million. Chart Industries had a return on equity of 8.67% and a net margin of 7.34%. The business’s revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.48 earnings per share. As a group, analysts expect that Chart Industries will post 3.01 earnings per share for the current year.

In related news, Director Carey Chen acquired 3,403 shares of Chart Industries stock in a transaction that occurred on Thursday, August 15th. The shares were purchased at an average price of $59.73 per share, for a total transaction of $203,261.19. Following the completion of the transaction, the director now owns 5,500 shares in the company, valued at approximately $328,515. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.28% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Louisiana State Employees Retirement System lifted its position in Chart Industries by 1.1% during the first quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the industrial products company’s stock worth $1,068,000 after buying an additional 123 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Chart Industries by 1.3% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,844 shares of the industrial products company’s stock worth $982,000 after buying an additional 144 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its position in Chart Industries by 1.7% during the second quarter. Municipal Employees Retirement System of Michigan now owns 9,450 shares of the industrial products company’s stock worth $727,000 after buying an additional 160 shares in the last quarter. HMS Capital Management LLC lifted its position in Chart Industries by 3.5% during the second quarter. HMS Capital Management LLC now owns 5,212 shares of the industrial products company’s stock worth $401,000 after buying an additional 176 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its position in Chart Industries by 2.0% during the first quarter. State of Alaska Department of Revenue now owns 10,648 shares of the industrial products company’s stock worth $963,000 after buying an additional 210 shares in the last quarter.

About Chart Industries

Chart Industries, Inc manufactures and sells engineered equipment and packaged solutions; and provides value-add services for the energy and industrial gas industries worldwide. It operates through three segments: Energy & Chemicals, Distribution & Storage Western Hemisphere, and Distribution & Storage Eastern Hemisphere segments.

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Analyst Recommendations for Chart Industries (NASDAQ:GTLS)

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