Chart Industries (NASDAQ:GTLS) Upgraded to “Strong-Buy” by BidaskClub

BidaskClub upgraded shares of Chart Industries (NASDAQ:GTLS) from a buy rating to a strong-buy rating in a research note released on Wednesday morning, BidAskClub reports.

GTLS has been the subject of a number of other reports. Credit Suisse Group lifted their price target on shares of Chart Industries from $48.00 to $72.00 and gave the company an outperform rating in a research report on Monday, July 27th. Zacks Investment Research raised Chart Industries from a hold rating to a strong-buy rating and set a $78.00 target price on the stock in a report on Tuesday, July 28th. Stifel Nicolaus lifted their price target on Chart Industries from $60.00 to $80.00 and gave the stock a buy rating in a research note on Friday, July 24th. Morgan Stanley boosted their price objective on shares of Chart Industries from $55.00 to $60.00 and gave the stock an overweight rating in a research report on Monday, July 27th. Finally, Citigroup raised their target price on shares of Chart Industries from $50.00 to $77.00 and gave the company a buy rating in a report on Monday, July 27th. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Chart Industries currently has a consensus rating of Buy and an average target price of $73.18.

NASDAQ:GTLS opened at $68.53 on Wednesday. Chart Industries has a 1 year low of $15.00 and a 1 year high of $77.40. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.21 and a current ratio of 1.90. The stock has a fifty day moving average price of $49.69 and a two-hundred day moving average price of $46.06. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 41.28 and a beta of 1.73.

Chart Industries (NASDAQ:GTLS) last announced its quarterly earnings results on Thursday, July 23rd. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.24. Chart Industries had a net margin of 4.48% and a return on equity of 7.92%. The business had revenue of $310.40 million during the quarter, compared to the consensus estimate of $290.61 million. The business’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.68 EPS. On average, analysts predict that Chart Industries will post 3.15 EPS for the current year.

In related news, Director W Douglas Brown sold 4,008 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $37.36, for a total transaction of $149,738.88. Following the transaction, the director now owns 8,286 shares of the company’s stock, valued at $309,564.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.68% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. PrairieView Partners LLC purchased a new stake in shares of Chart Industries in the first quarter valued at $26,000. Nisa Investment Advisors LLC boosted its stake in Chart Industries by 495.0% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,190 shares of the industrial products company’s stock worth $34,000 after buying an additional 990 shares during the last quarter. Flagship Harbor Advisors LLC grew its holdings in Chart Industries by 70.4% in the 1st quarter. Flagship Harbor Advisors LLC now owns 1,210 shares of the industrial products company’s stock valued at $35,000 after buying an additional 500 shares during the period. Mutual of America Capital Management LLC increased its stake in shares of Chart Industries by 23.6% during the 1st quarter. Mutual of America Capital Management LLC now owns 1,568 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 299 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Chart Industries by 58.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,466 shares of the industrial products company’s stock worth $71,000 after acquiring an additional 907 shares during the period.

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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