Chart Industries Inc. (GTLS) Receives Average Rating of “Hold” from Brokerages
Chart Industries Inc. (NASDAQ:GTLS) has earned a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the firm. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $29.25.
Several research firms have commented on GTLS. Zacks Investment Research downgraded shares of Chart Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, November 1st. Northcoast Research downgraded shares of Chart Industries from a “buy” rating to a “neutral” rating in a research note on Monday, October 31st. Evercore ISI downgraded shares of Chart Industries from a “buy” rating to a “hold” rating in a research note on Monday, October 31st. Gabelli began coverage on shares of Chart Industries in a research note on Tuesday, October 11th. They set a “buy” rating and a $51.00 price target on the stock. Finally, Lake Street Capital downgraded shares of Chart Industries from a “buy” rating to a “hold” rating and decreased their price target for the stock from $34.00 to $32.00 in a research note on Friday, October 28th.
Shares of Chart Industries (NASDAQ:GTLS) traded down 1.95% during midday trading on Thursday, hitting $34.19. 256,479 shares of the company traded hands. The stock has a market capitalization of $1046.08 billion, a PE ratio of 24.60 and a beta of 1.46. Chart Industries has a 52 week low of $13.27 and a 52 week high of $35.31. The stock has a 50 day moving average of $31.63 and a 200-day moving average of $28.44.
Chart Industries (NASDAQ:GTLS) last posted its quarterly earnings results on Thursday, October 27th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.12 by $0.41. The firm had revenue of $203.90 million for the quarter, compared to the consensus estimate of $220.37 million. Chart Industries had a negative net margin of 21.93% and a positive return on equity of 6.10%. The business’s revenue was down 22.8% compared to the same quarter last year. During the same period last year, the firm posted $0.26 earnings per share. Equities analysts forecast that Chart Industries will post $1.25 earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Institutional Trust Company N.A. boosted its stake in Chart Industries by 1.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 750,380 shares of the company’s stock valued at $16,298,000 after buying an additional 11,228 shares during the period. HBK Investments L P bought a new stake in Chart Industries during the first quarter valued at $426,000. Bayesian Capital Management LP bought a new stake in Chart Industries during the first quarter valued at $226,000. Jacobs Levy Equity Management Inc. bought a new stake in Chart Industries during the first quarter valued at $3,137,000. Finally, A.R.T. Advisors LLC boosted its stake in Chart Industries by 669.3% in the first quarter. A.R.T. Advisors LLC now owns 99,654 shares of the company’s stock valued at $2,164,000 after buying an additional 86,700 shares during the period. Institutional investors and hedge funds own 88.67% of the company’s stock.
About Chart Industries
Chart Industries, Inc (Chart) is a diversified manufacturer of engineered equipment for the industrial gas, energy, and biomedical industries. The Company’s equipment and engineered systems are used for low-temperature and cryogenic applications. It operates through three segments, including Energy & Chemicals (E&C), Distribution & Storage (D&S), and BioMedical.
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