Chart Industries (NYSE:GTLS) Upgraded by Zacks Research to “Strong-Buy” Rating

Chart Industries (NYSE:GTLS) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

A number of other equities analysts have also weighed in on the company. JPMorgan Chase & Co. upped their target price on Chart Industries from $194.00 to $210.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $204.10.

Chart Industries Stock Performance

Shares of Chart Industries stock opened at $206.86 on Thursday. The business has a 50-day simple moving average of $206.61 and a 200 day simple moving average of $202.51. Chart Industries has a one year low of $104.60 and a one year high of $208.24. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.40 and a quick ratio of 1.15. The firm has a market capitalization of $9.30 billion, a price-to-earnings ratio of 252.27, a PEG ratio of 0.79 and a beta of 1.75.

Institutional Trading of Chart Industries

Institutional investors have recently made changes to their positions in the company. Allworth Financial LP lifted its position in shares of Chart Industries by 74.5% during the second quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 70 shares in the last quarter. United Community Bank lifted its position in shares of Chart Industries by 364.5% during the 3rd quarter. United Community Bank now owns 144 shares of the industrial products company’s stock worth $29,000 after buying an additional 113 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Chart Industries by 95.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock worth $29,000 after buying an additional 71 shares during the last quarter. Torren Management LLC bought a new position in shares of Chart Industries in the fourth quarter valued at approximately $30,000. Finally, Bessemer Group Inc. grew its holdings in shares of Chart Industries by 93.0% in the second quarter. Bessemer Group Inc. now owns 193 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 93 shares in the last quarter.

Chart Industries Company Profile

Chart Industries, Inc (NYSE: GTLS) is a leading global manufacturer of engineered equipment for the storage, distribution and end-use of hydrocarbon and industrial gases. The company specializes in cryogenic systems and components, serving key markets such as energy, chemical processing, industrial gas, food and beverage, and medical gases. Chart’s product portfolio includes large-scale cryogenic storage tanks, vaporizers, heat exchangers and pump systems designed to maintain gases in liquid and gaseous states under extreme conditions.

Founded in 1992 and headquartered in Ball Ground, Georgia, Chart Industries has evolved through targeted acquisitions and organic growth to expand its technological capabilities and geographic reach.