Chart Industries, Inc. (NYSE:GTLS) Receives Average Recommendation of “Hold” from Analysts

Shares of Chart Industries, Inc. (NYSE:GTLS) have earned an average recommendation of “Hold” from the seventeen analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $204.10.

A number of research analysts recently commented on GTLS shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a research note on Monday, December 29th. Zacks Research raised Chart Industries from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th.

Hedge Funds Weigh In On Chart Industries

Hedge funds have recently made changes to their positions in the business. Allworth Financial LP lifted its stake in 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 during 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 valued at $29,000 after acquiring an additional 113 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Chart Industries by 95.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 71 shares in the last quarter. Torren Management LLC acquired a new position in shares of Chart Industries in the 4th quarter worth $30,000. Finally, Bessemer Group Inc. grew its holdings in shares of Chart Industries by 93.0% in the 2nd quarter. Bessemer Group Inc. now owns 193 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 93 shares during the last quarter.

Chart Industries Stock Performance

GTLS stock opened at $207.46 on Friday. The company has a 50-day simple moving average of $206.91 and a 200 day simple moving average of $203.03. The company has a market capitalization of $9.33 billion, a P/E ratio of 253.00, a PEG ratio of 0.79 and a beta of 1.75. The company has a quick ratio of 1.15, a current ratio of 1.40 and a debt-to-equity ratio of 1.08. Chart Industries has a fifty-two week low of $104.60 and a fifty-two week high of $208.24.

About Chart Industries

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.