Chart Industries, Inc. (NYSE:GTLS) Receives $202.00 Average PT from Brokerages

Key Points

• Chart Industries, Inc. has received an average consensus rating of "Hold" from seventeen brokerages, with twelve analysts rating it as such and five issuing buy ratings.
• The company's latest quarterly earnings showed an EPS of $2.59, missing estimates by ($0.03), along with revenue of $1.08 billion compared to the consensus estimate of $1.11 billion.
• Chart Industries' stock price has shown significant fluctuation, with a 52-week low of $101.60 and a high of $220.03, currently trading at $199.32.

Chart Industries, Inc. (NYSE:GTLS - Get Free Report) has received a consensus rating of "Hold" from the seventeen analysts that are currently covering the stock, Marketbeat Ratings reports. Thirteen analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $202.00.

A number of equities research analysts have issued reports on the company. UBS Group reiterated a "neutral" rating and issued a $210.00 target price (down from $225.00) on shares of Chart Industries in a research note on Wednesday, July 30th. Raymond James Financial restated a "market perform" rating on shares of Chart Industries in a research note on Wednesday, July 30th. Morgan Stanley cut their price objective on shares of Chart Industries from $250.00 to $225.00 and set an "overweight" rating on the stock in a research note on Friday, May 16th. Barclays cut their price objective on shares of Chart Industries from $171.00 to $169.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 10th. Finally, BTIG Research cut shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st.

Hedge Funds Weigh In On Chart Industries

Several hedge funds have recently modified their holdings of the company. Schonfeld Strategic Advisors LLC bought a new stake in Chart Industries in the fourth quarter worth about $202,000. Mercer Global Advisors Inc. ADV raised its position in Chart Industries by 244.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 6,464 shares of the industrial products company's stock worth $1,233,000 after acquiring an additional 4,589 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in Chart Industries in the fourth quarter worth about $12,349,000. Cetera Investment Advisers raised its position in Chart Industries by 44.4% in the fourth quarter. Cetera Investment Advisers now owns 8,451 shares of the industrial products company's stock worth $1,613,000 after acquiring an additional 2,597 shares in the last quarter. Finally, Driehaus Capital Management LLC bought a new stake in Chart Industries in the fourth quarter worth about $36,545,000.

Chart Industries Stock Down 0.1%

Shares of GTLS stock traded down $0.20 during mid-day trading on Friday, reaching $199.14. 701,335 shares of the company were exchanged, compared to its average volume of 1,360,378. The business's 50 day simple moving average is $187.44 and its 200 day simple moving average is $162.84. Chart Industries has a fifty-two week low of $101.60 and a fifty-two week high of $220.03. The company has a market capitalization of $8.95 billion, a P/E ratio of 37.01, a P/E/G ratio of 1.15 and a beta of 1.67. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.27 and a current ratio of 1.55.

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