Chart Industries (NASDAQ:GTLS) Upgraded by BidaskClub to Sell

Chart Industries (NASDAQ:GTLS) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Wednesday, BidAskClub reports.

Several other brokerages have also recently weighed in on GTLS. Morgan Stanley increased their price target on shares of Chart Industries from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday, July 23rd. Raymond James raised shares of Chart Industries from a “market perform” rating to an “outperform” rating and set a $72.00 price target for the company in a research report on Tuesday, August 13th. ValuEngine cut shares of Chart Industries from a “hold” rating to a “sell” rating in a research report on Saturday, August 10th. Credit Suisse Group assumed coverage on shares of Chart Industries in a research report on Tuesday, August 13th. They set an “outperform” rating and a $83.00 price target for the company. Finally, Zacks Investment Research raised shares of Chart Industries from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $82.59.

GTLS traded up $1.91 during trading on Wednesday, hitting $70.69. 8,663 shares of the stock traded hands, compared to its average volume of 332,566. The firm has a market capitalization of $2.49 billion, a P/E ratio of 34.95 and a beta of 1.20. 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 firm has a 50-day moving average of $65.51 and a 200 day moving average of $78.33. Chart Industries has a 12-month low of $57.88 and a 12-month high of $95.66.



Chart Industries (NASDAQ:GTLS) last announced its quarterly earnings results on Thursday, July 18th. The industrial products company reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.07. The business had revenue of $309.60 million during the quarter, compared to analysts’ expectations of $322.35 million. Chart Industries had a net margin of 7.34% and a return on equity of 8.67%. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.48 EPS. As a group, equities analysts predict that Chart Industries will post 3.01 EPS for the current fiscal year.

In related news, Director Carey Chen bought 3,403 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was purchased at an average cost of $59.73 per share, with a total value of $203,261.19. Following the transaction, the director now owns 5,500 shares in the company, valued at approximately $328,515. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.28% of the company’s stock.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Chart Industries by 12.6% in the 2nd quarter. BlackRock Inc. now owns 5,106,373 shares of the industrial products company’s stock worth $392,575,000 after purchasing an additional 569,836 shares during the period. Vanguard Group Inc. grew its stake in shares of Chart Industries by 7.7% in the second quarter. Vanguard Group Inc. now owns 3,577,954 shares of the industrial products company’s stock worth $275,072,000 after acquiring an additional 256,912 shares during the period. Northern Trust Corp grew its stake in shares of Chart Industries by 6.8% in the second quarter. Northern Trust Corp now owns 734,988 shares of the industrial products company’s stock worth $56,505,000 after acquiring an additional 46,820 shares during the period. Invesco Ltd. boosted its holdings in shares of Chart Industries by 791.7% in the second quarter. Invesco Ltd. now owns 698,418 shares of the industrial products company’s stock worth $53,694,000 after buying an additional 620,090 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Chart Industries by 5,240.9% in the second quarter. JPMorgan Chase & Co. now owns 563,995 shares of the industrial products company’s stock worth $42,164,000 after buying an additional 553,435 shares during the last quarter.

Chart Industries Company Profile

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.

Further Reading: Return on Investment (ROI)

Analyst Recommendations for Chart Industries (NASDAQ:GTLS)

Receive News & Ratings for Chart Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chart Industries and related companies with MarketBeat.com's FREE daily email newsletter.