Chart Industries, Inc. (NYSE:GTLS) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Chart Industries, Inc. (NYSE:GTLSGet Free Report) have earned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $197.92.

A number of research analysts recently issued reports on the company. Piper Sandler boosted their price objective on Chart Industries from $151.00 to $160.00 and gave the company a “neutral” rating in a research report on Monday, May 6th. UBS Group upgraded Chart Industries from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $152.00 to $170.00 in a research report on Tuesday, March 19th. Barclays assumed coverage on Chart Industries in a research report on Wednesday, May 8th. They set an “equal weight” rating and a $193.00 price target for the company. TD Cowen boosted their price target on Chart Industries from $260.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Finally, Stifel Nicolaus reduced their price target on Chart Industries from $224.00 to $220.00 and set a “buy” rating for the company in a research report on Monday, May 6th.

Get Our Latest Analysis on Chart Industries

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GTLS. Allspring Global Investments Holdings LLC acquired a new position in Chart Industries in the 1st quarter worth about $30,000. Spire Wealth Management increased its position in Chart Industries by 141.0% in the 1st quarter. Spire Wealth Management now owns 200 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 117 shares during the last quarter. Cape Investment Advisory Inc. acquired a new position in Chart Industries in the 4th quarter worth about $33,000. Rise Advisors LLC increased its position in Chart Industries by 905.0% in the 1st quarter. Rise Advisors LLC now owns 201 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 181 shares during the last quarter. Finally, Covestor Ltd increased its position in Chart Industries by 509.8% in the 1st quarter. Covestor Ltd now owns 372 shares of the industrial products company’s stock worth $61,000 after purchasing an additional 311 shares during the last quarter.

Chart Industries Price Performance

Shares of NYSE GTLS opened at $142.61 on Friday. Chart Industries has a twelve month low of $109.48 and a twelve month high of $184.65. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $6.10 billion, a price-to-earnings ratio of 142.61, a price-to-earnings-growth ratio of 0.40 and a beta of 1.74. The business has a 50 day simple moving average of $148.95 and a 200-day simple moving average of $142.41.

Chart Industries (NYSE:GTLSGet Free Report) last released its quarterly earnings data on Friday, May 3rd. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.39). Chart Industries had a net margin of 1.59% and a return on equity of 9.49%. The company had revenue of $950.70 million for the quarter, compared to analyst estimates of $970.91 million. During the same quarter in the prior year, the firm earned $1.41 EPS. The company’s revenue for the quarter was up 76.7% compared to the same quarter last year. As a group, equities research analysts expect that Chart Industries will post 11.94 earnings per share for the current year.

Chart Industries Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for Chart Industries (NYSE: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.