BidaskClub upgraded shares of Chart Industries (NASDAQ:GTLS) from a sell rating to a hold rating in a report issued on Wednesday, BidAskClub reports.

Other equities analysts have also issued research reports about the company. Raymond James raised Chart Industries from a market perform rating to an outperform rating and set a $72.00 price target on the stock in a research note on Tuesday, August 13th. ValuEngine raised Chart Industries from a sell rating to a hold rating in a research note on Wednesday, September 11th. Morgan Stanley upped their price target on Chart Industries from $90.00 to $100.00 and gave the company an overweight rating in a research note on Tuesday, July 23rd. Zacks Investment Research raised Chart Industries from a hold rating to a buy rating and set a $68.00 price target on the stock in a research note on Thursday, September 5th. Finally, Credit Suisse Group started coverage on Chart Industries in a research note on Tuesday, August 13th. They set an outperform rating and a $83.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Chart Industries presently has an average rating of Buy and a consensus target price of $82.59.

Shares of GTLS opened at $65.76 on Wednesday. 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 has a 12-month low of $57.88 and a 12-month high of $95.66. The firm has a market capitalization of $2.35 billion, a PE ratio of 32.55 and a beta of 1.20. The stock’s fifty day simple moving average is $64.36 and its 200-day simple moving average is $77.55.

Chart Industries (NASDAQ:GTLS) last issued its quarterly earnings results on Thursday, July 18th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.07. Chart Industries had a return on equity of 8.67% and a net margin of 7.34%. The business had revenue of $309.60 million for the quarter, compared to analyst estimates of $322.35 million. During the same quarter in the prior year, the firm posted $0.48 earnings per share. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. Analysts anticipate that Chart Industries will post 3.01 EPS for the current year.

In related news, Director Carey Chen bought 3,403 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were purchased at an average price of $59.73 per share, with a total value of $203,261.19. Following the completion of the purchase, the director now owns 5,500 shares of the company’s stock, valued at approximately $328,515. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.28% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in GTLS. Invesco Ltd. lifted its stake in Chart Industries by 791.7% in the second quarter. Invesco Ltd. now owns 698,418 shares of the industrial products company’s stock valued at $53,694,000 after buying an additional 620,090 shares during the period. BlackRock Inc. lifted its stake in Chart Industries by 12.6% in the second quarter. BlackRock Inc. now owns 5,106,373 shares of the industrial products company’s stock valued at $392,575,000 after buying an additional 569,836 shares during the period. JPMorgan Chase & Co. lifted its stake in Chart Industries by 5,240.9% in the second quarter. JPMorgan Chase & Co. now owns 563,995 shares of the industrial products company’s stock valued at $42,164,000 after buying an additional 553,435 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new position in Chart Industries in the second quarter valued at about $23,800,000. Finally, Vanguard Group Inc. lifted its stake in Chart Industries by 7.7% in the second quarter. Vanguard Group Inc. now owns 3,577,954 shares of the industrial products company’s stock valued at $275,072,000 after buying an additional 256,912 shares during the period.

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.

Recommended Story: What is Forex?

Analyst Recommendations for Chart Industries (NASDAQ:GTLS)

Receive News & Ratings for Chart Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chart Industries and related companies with MarketBeat.com's FREE daily email newsletter.