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

Shares of Chart Industries, Inc. (NYSE:GTLSGet Free Report) have received a consensus recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $188.75.

GTLS has been the subject of a number of research analyst reports. Bank of America cut their target price on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, October 14th. The Goldman Sachs Group upped their price objective on Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. BTIG Research boosted their price target on Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Craig Hallum increased their price objective on shares of Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, Stifel Nicolaus boosted their target price on shares of Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research report on Tuesday, December 31st.

Get Our Latest Stock Analysis on Chart Industries

Hedge Funds Weigh In On Chart Industries

Several large investors have recently made changes to their positions in the business. King Luther Capital Management Corp lifted its position in shares of Chart Industries by 2.9% in the third quarter. King Luther Capital Management Corp now owns 1,031,897 shares of the industrial products company’s stock valued at $128,100,000 after acquiring an additional 29,139 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Chart Industries by 2.0% in the third quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company’s stock valued at $123,318,000 after acquiring an additional 19,534 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Chart Industries by 4.2% in the third quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock valued at $99,673,000 after acquiring an additional 32,442 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Chart Industries by 2.3% in the third quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company’s stock valued at $73,551,000 after acquiring an additional 13,181 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Chart Industries by 90.9% in the third quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock valued at $68,461,000 after acquiring an additional 262,592 shares in the last quarter.

Chart Industries Price Performance

Shares of NYSE:GTLS opened at $214.02 on Thursday. Chart Industries has a 1-year low of $101.60 and a 1-year high of $220.03. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The business has a fifty day moving average price of $193.47 and a 200-day moving average price of $153.23. The company has a market capitalization of $9.16 billion, a PE ratio of 62.03, a PEG ratio of 0.64 and a beta of 1.84.

Chart Industries (NYSE:GTLSGet Free Report) last issued its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.56 by ($0.38). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the business earned $1.28 earnings per share. Chart Industries’s revenue was up 18.3% compared to the same quarter last year. As a group, equities analysts expect that Chart Industries will post 9.02 EPS for the current fiscal year.

Chart Industries Company Profile

(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.

Further Reading

Analyst Recommendations for Chart Industries (NYSE:GTLS)

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