Chart Industries' (GTLS) "Hold (C+)" Rating Reaffirmed at Weiss Ratings

Key Points

• Chart Industries has had its stock rating reaffirmed as "hold (C+)" by Weiss Ratings, indicating a cautious outlook on the company's performance.
• Multiple analysts, including Cowen and BTIG Research, have downgraded their ratings on Chart Industries from "strong-buy" to "hold," reflecting a general consensus of caution around the stock.
• Despite a recent earnings report where Chart Industries missed EPS and revenue estimates, the company remains relatively stable with a market capitalization of $8.97 billion and a current trading price around $199.53.

Chart Industries (NYSE:GTLS - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

A number of other analysts have also weighed in on the company. Cowen lowered Chart Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, July 30th. BTIG Research downgraded Chart Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. TD Cowen cut shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. Johnson Rice downgraded shares of Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 target price for the company. in a research report on Wednesday, July 30th. Finally, Craig Hallum lowered shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 29th. Three analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $204.85.

Chart Industries Price Performance

Chart Industries stock traded down $0.07 during mid-day trading on Friday, hitting $199.53. The company's stock had a trading volume of 540,239 shares, compared to its average volume of 812,138. The company has a quick ratio of 1.27, a current ratio of 1.55 and a debt-to-equity ratio of 1.04. Chart Industries has a twelve month low of $104.60 and a twelve month high of $220.03. The stock has a market capitalization of $8.97 billion, a P/E ratio of 37.09, a P/E/G ratio of 1.15 and a beta of 1.71. The stock's fifty day moving average price is $199.47 and its two-hundred day moving average price is $173.40.

Chart Industries (NYSE:GTLS - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.62 by ($0.03). The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.11 billion. Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. Research analysts forecast that Chart Industries will post 9.02 earnings per share for the current year.

Hedge Funds Weigh In On Chart Industries

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Allworth Financial LP boosted its position in shares of Chart Industries by 74.5% in the second quarter. Allworth Financial LP now owns 164 shares of the industrial products company's stock worth $27,000 after purchasing an additional 70 shares during the period. Brooklyn Investment Group increased its position in Chart Industries by 19,900.0% during the first quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 199 shares during the last quarter. SVB Wealth LLC bought a new stake in shares of Chart Industries during the first quarter worth $30,000. Bessemer Group Inc. raised its position 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 in the last quarter. Finally, Toth Financial Advisory Corp acquired a new stake in shares of Chart Industries in the 2nd quarter worth $33,000.

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.

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