Chart Industries, Inc. (NYSE:GTLS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Chart Industries, Inc. (NYSE:GTLS) have been given an average rating of “Moderate Buy” by the thirteen research firms that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $194.85.

A number of brokerages recently issued reports on GTLS. Wells Fargo & Company upped their price objective on shares of Chart Industries from $155.00 to $172.00 and gave the company an “overweight” rating in a report on Friday, March 1st. Morgan Stanley initiated coverage on shares of Chart Industries in a research note on Thursday, April 18th. They issued an “equal weight” rating and a $200.00 price target for the company. UBS Group raised shares of Chart Industries from a “neutral” rating to a “buy” rating and lifted their price target for the company from $152.00 to $170.00 in a research report on Tuesday, March 19th. TD Cowen increased their price objective on Chart Industries from $230.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Finally, Raymond James upgraded Chart Industries from an “outperform” rating to a “strong-buy” rating and set a $190.00 target price on the stock in a research report on Thursday, January 4th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC acquired a new stake in Chart Industries in the 1st quarter valued at about $30,000. Cape Investment Advisory Inc. acquired a new stake in Chart Industries in the fourth quarter valued at approximately $33,000. Rise Advisors LLC lifted its stake in Chart Industries by 905.0% in the first quarter. Rise Advisors LLC now owns 201 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 181 shares during the last quarter. Moisand Fitzgerald Tamayo LLC grew its holdings in Chart Industries by 645.2% during the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 231 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 200 shares in the last quarter. Finally, Mendota Financial Group LLC purchased a new stake in shares of Chart Industries in the 4th quarter valued at approximately $77,000.

Chart Industries Stock Up 1.0 %

GTLS stock opened at $149.49 on Tuesday. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 1.22. The firm has a 50-day moving average of $146.53 and a two-hundred day moving average of $136.44. Chart Industries has a 12 month low of $106.66 and a 12 month high of $184.65. The company has a market cap of $6.28 billion, a price-to-earnings ratio of 393.39, a PEG ratio of 0.41 and a beta of 1.70.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Wednesday, February 28th. The industrial products company reported $2.25 EPS for the quarter, beating the consensus estimate of $2.13 by $0.12. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Chart Industries had a return on equity of 9.27% and a net margin of 1.00%. The business’s revenue for the quarter was up 130.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.67 earnings per share. As a group, analysts forecast that Chart Industries will post 11.98 earnings per share for the current fiscal year.

Chart Industries Company Profile

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.