Chart Industries, Inc. (NASDAQ:GTLS) has been assigned an average recommendation of “Hold” from the twelve brokerages that are currently covering the stock, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $40.50.

Several research firms have recently weighed in on GTLS. Zacks Investment Research downgraded shares of Chart Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. BidaskClub downgraded shares of Chart Industries from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Cowen and Company set a $38.00 target price on shares of Chart Industries and gave the stock a “hold” rating in a research report on Friday. Finally, Johnson Rice upgraded shares of Chart Industries from a “hold” rating to a “buy” rating and raised their price target for the stock from $40.00 to $42.00 in a report on Thursday, June 29th.

Shares of Chart Industries (GTLS) opened at 34.31 on Friday. The firm has a market capitalization of $1.06 billion, a P/E ratio of 90.53 and a beta of 1.28. The firm’s 50-day moving average price is $34.71 and its 200 day moving average price is $35.70. Chart Industries has a 12 month low of $27.01 and a 12 month high of $40.87.

Chart Industries (NASDAQ:GTLS) last announced its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.21 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.21. The company had revenue of $238.21 million for the quarter, compared to analysts’ expectations of $225.76 million. Chart Industries had a net margin of 1.35% and a return on equity of 3.28%. The business’s revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS. Analysts anticipate that Chart Industries will post $0.79 earnings per share for the current fiscal year.

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A number of hedge funds have recently bought and sold shares of the stock. Federated Investors Inc. PA boosted its stake in Chart Industries by 31.1% in the second quarter. Federated Investors Inc. PA now owns 31,198 shares of the industrial products company’s stock worth $1,084,000 after buying an additional 7,409 shares during the period. Marshall Wace North America L.P. bought a new position in shares of Chart Industries during the second quarter worth about $1,010,000. BNP Paribas Arbitrage SA raised its position in shares of Chart Industries by 48.6% in the second quarter. BNP Paribas Arbitrage SA now owns 13,644 shares of the industrial products company’s stock worth $474,000 after buying an additional 4,463 shares during the period. Gamco Investors INC. ET AL raised its position in shares of Chart Industries by 16.8% in the second quarter. Gamco Investors INC. ET AL now owns 220,900 shares of the industrial products company’s stock worth $7,672,000 after buying an additional 31,700 shares during the period. Finally, Legal & General Group Plc raised its position in shares of Chart Industries by 9.0% in the second quarter. Legal & General Group Plc now owns 57,786 shares of the industrial products company’s stock worth $2,007,000 after buying an additional 4,778 shares during the period. Hedge funds and other institutional investors own 85.84% of the company’s stock.

About Chart Industries

Chart Industries, Inc is a diversified global manufacturer of engineered equipment, packaged solutions, and value-add services used throughout the industrial gas, energy and biomedical industries. The Company operates through three business segments: Energy & Chemicals (E&C), Distribution & Storage (D&S) and BioMedical.

Analyst Recommendations for Chart Industries (NASDAQ:GTLS)

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