ValuEngine lowered shares of Chart Industries (NASDAQ:GTLS) from a hold rating to a sell rating in a research report released on Saturday, ValuEngine reports.

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.

Chart Industries (NASDAQ:GTLS) last released its quarterly earnings data on Thursday, July 18th. The industrial products company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. The company had revenue of $309.60 million during the quarter, compared to the consensus estimate of $322.35 million. Chart Industries had a net margin of 7.34% and a return on equity of 8.67%. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period last year, the firm earned $0.48 EPS. As a group, equities research analysts predict that Chart Industries will post 3.01 earnings per share for the current fiscal year.

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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Analyst Recommendations for Chart Industries (NASDAQ:GTLS)

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