Chart Industries, Inc. (NYSE:GTLS) Receives Average Rating of “Moderate Buy” from Brokerages

Chart Industries, Inc. (NYSE:GTLS) has earned an average rating of “Moderate Buy” from the thirteen analysts that are presently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $196.21.

GTLS has been the subject of a number of recent analyst reports. UBS Group raised Chart Industries from a “neutral” rating to a “buy” rating and raised their price target for the company from $152.00 to $170.00 in a report on Tuesday, March 19th. Barclays started coverage on shares of Chart Industries in a research report on Wednesday, May 8th. They set an “equal weight” rating and a $193.00 price target on the stock. Stifel Nicolaus lowered their price objective on shares of Chart Industries from $224.00 to $220.00 and set a “buy” rating for the company in a research report on Monday, May 6th. Wells Fargo & Company boosted their target price on shares of Chart Industries from $155.00 to $172.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Finally, Piper Sandler increased their price target on shares of Chart Industries from $151.00 to $160.00 and gave the company a “neutral” rating in a research note on Monday, May 6th.

Chart Industries Stock Up 0.8 %

Shares of NYSE GTLS opened at $155.27 on Friday. Chart Industries has a 52-week low of $106.66 and a 52-week high of $184.65. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.95 and a current ratio of 1.25. The business has a fifty day moving average of $153.48 and a two-hundred day moving average of $136.96. The stock has a market cap of $6.65 billion, a PE ratio of 155.27, a PEG ratio of 0.43 and a beta of 1.73.

Chart Industries (NYSE:GTLS) last released its quarterly earnings results on Friday, May 3rd. The industrial products company reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.39). The firm had revenue of $950.70 million during the quarter, compared to analyst estimates of $970.91 million. Chart Industries had a net margin of 1.59% and a return on equity of 9.49%. Chart Industries’s quarterly revenue was up 76.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.41 earnings per share. As a group, equities research analysts expect that Chart Industries will post 11.91 earnings per share for the current fiscal year.

Institutional Trading of Chart Industries

Institutional investors and hedge funds have recently made changes to their positions in the business. Assetmark Inc. lifted its stake in Chart Industries by 37.1% in the third quarter. Assetmark Inc. now owns 1,228 shares of the industrial products company’s stock valued at $208,000 after buying an additional 332 shares during the period. CIBC Asset Management Inc bought a new position in Chart Industries during the 3rd quarter worth approximately $200,000. Fifth Third Bancorp grew its holdings in Chart Industries by 6.3% during the third quarter. Fifth Third Bancorp now owns 2,975 shares of the industrial products company’s stock valued at $503,000 after purchasing an additional 175 shares during the period. Jennison Associates LLC increased its stake in Chart Industries by 13.3% in the third quarter. Jennison Associates LLC now owns 78,299 shares of the industrial products company’s stock valued at $13,242,000 after purchasing an additional 9,199 shares in the last quarter. Finally, Orion Portfolio Solutions LLC raised its holdings in Chart Industries by 67.8% in the third quarter. Orion Portfolio Solutions LLC now owns 14,580 shares of the industrial products company’s stock worth $2,466,000 after purchasing an additional 5,892 shares during the period.

About Chart Industries

Chart Industries, Inc engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.