Shares of Chart Industries, Inc. (NYSE:GTLS - Get Free Report) have been given an average recommendation of "Buy" by the twelve brokerages that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $199.82.
A number of research analysts recently weighed in on GTLS shares. Morgan Stanley decreased their price target 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 set a $169.00 price target on shares of Chart Industries and gave the company an "equal weight" rating in a research note on Thursday, July 10th. The Goldman Sachs Group set a $180.00 price target on shares of Chart Industries and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Stifel Nicolaus cut their price objective on shares of Chart Industries from $231.00 to $214.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company cut their price objective on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a report on Tuesday, April 1st.
Read Our Latest Research Report on GTLS
Institutional Trading of Chart Industries
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. HighTower Advisors LLC increased its holdings in Chart Industries by 158.5% in the 4th quarter. HighTower Advisors LLC now owns 32,683 shares of the industrial products company's stock valued at $6,237,000 after purchasing an additional 20,038 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in Chart Industries by 130.3% in the 4th quarter. Avantax Advisory Services Inc. now owns 6,698 shares of the industrial products company's stock valued at $1,278,000 after purchasing an additional 3,789 shares during the last quarter. Swiss National Bank increased its holdings in Chart Industries by 0.7% in the 4th quarter. Swiss National Bank now owns 84,200 shares of the industrial products company's stock valued at $16,069,000 after purchasing an additional 600 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in Chart Industries by 4.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 7,569 shares of the industrial products company's stock valued at $1,444,000 after purchasing an additional 326 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in Chart Industries by 6.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,864 shares of the industrial products company's stock valued at $356,000 after purchasing an additional 114 shares during the last quarter.
Chart Industries Price Performance
Shares of GTLS stock traded up $0.36 during mid-day trading on Thursday, hitting $171.82. 547,194 shares of the stock were exchanged, compared to its average volume of 784,855. The firm has a fifty day moving average of $159.36 and a 200 day moving average of $165.56. The company has a quick ratio of 1.21, a current ratio of 1.51 and a debt-to-equity ratio of 1.18. Chart Industries has a 52-week low of $101.60 and a 52-week high of $220.03. The company has a market cap of $7.85 billion, a PE ratio of 34.71, a price-to-earnings-growth ratio of 0.66 and a beta of 1.68.
Chart Industries (NYSE:GTLS - Get Free Report) last posted its earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.02. Chart Industries had a net margin of 5.93% and a return on equity of 13.93%. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the company posted $1.49 EPS. The company's revenue for the quarter was up 38.8% on a year-over-year basis. Research analysts anticipate that Chart Industries will post 9.02 earnings per share for the current year.
Chart Industries Company Profile
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Get Free ReportChart 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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