Chart Industries (NASDAQ:GTLS) Downgraded by ValuEngine
GTLS has been the subject of several other reports. BidaskClub downgraded shares of Chart Industries from a hold rating to a sell rating in a report on Tuesday, August 6th. Zacks Investment Research raised shares of Chart Industries from a sell rating to a hold rating in a report on Wednesday, July 31st. Finally, Morgan Stanley lifted their price target on shares of Chart Industries from $90.00 to $100.00 and gave the company an overweight rating in a report on Tuesday, July 23rd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. Chart Industries presently has a consensus rating of Hold and a consensus price target of $85.43.
NASDAQ:GTLS opened at $62.28 on Friday. The stock’s 50-day simple moving average is $72.10. The company has a market cap of $2.21 billion, a P/E ratio of 30.83 and a beta of 1.08. Chart Industries has a 52 week low of $57.88 and a 52 week high of $95.66. The company has a quick ratio of 1.36, a current ratio of 2.00 and a debt-to-equity ratio of 0.25.
Hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC bought a new position in Chart Industries during the 1st quarter valued at about $29,000. Quadrant Capital Group LLC increased its position in Chart Industries by 416.9% in the 1st quarter. Quadrant Capital Group LLC now owns 336 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 271 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Chart Industries in the 2nd quarter valued at about $52,000. Manchester Capital Management LLC acquired a new stake in Chart Industries in the 1st quarter valued at about $110,000. Finally, Advisors Preferred LLC acquired a new stake in Chart Industries in the 1st quarter valued at about $115,000.
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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