Chart Industries, Inc. (NYSE:GTLS) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Chart Industries, Inc. has received a consensus recommendation of "Hold" from 17 research firms, with 12 ratings as hold and 5 as buy.
• The average 12-month target price for Chart Industries shares stands at $202.00, reflecting analysts' revisions over the past year.
• In the most recent quarter, Chart Industries reported earnings per share of $2.59, which missed analysts' expectations by $0.03.

Chart Industries, Inc. (NYSE:GTLS - Get Free Report) has been given an average recommendation of "Hold" by the seventeen research firms that are covering the firm, Marketbeat.com reports. Twelve analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $202.00.

GTLS has been the topic of a number of analyst reports. Cowen lowered shares of Chart Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Barclays decreased their target price on shares of Chart Industries from $171.00 to $169.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 10th. TD Cowen downgraded shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. Lake Street Capital downgraded shares of Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 price target on the stock. in a research note on Wednesday, July 30th. Finally, The Goldman Sachs Group set a $180.00 price target on shares of Chart Industries and gave the stock a "neutral" rating in a research note on Wednesday, May 28th.

Hedge Funds Weigh In On Chart Industries

A number of hedge funds have recently made changes to their positions in GTLS. Perpetual Ltd purchased a new position in shares of Chart Industries in the 2nd quarter valued at $107,498,000. Wolf Hill Capital Management LP purchased a new position in shares of Chart Industries in the 4th quarter valued at $101,121,000. Gates Capital Management Inc. raised its stake in shares of Chart Industries by 61.5% in the 1st quarter. Gates Capital Management Inc. now owns 776,636 shares of the industrial products company's stock valued at $112,115,000 after acquiring an additional 295,738 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Chart Industries by 37.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,064,637 shares of the industrial products company's stock valued at $203,178,000 after acquiring an additional 291,520 shares during the period. Finally, Engaged Capital LLC purchased a new stake in Chart Industries during the 4th quarter worth $42,900,000.

Chart Industries Stock Down 0.2%

Shares of NYSE GTLS opened at $198.66 on Monday. Chart Industries has a 1 year low of $101.60 and a 1 year high of $220.03. The firm's 50 day moving average price is $166.43 and its 200 day moving average price is $162.96. The firm has a market cap of $8.93 billion, a P/E ratio of 36.93, a price-to-earnings-growth ratio of 1.15 and a beta of 1.59. 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 earnings results 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). Chart Industries had a return on equity of 13.71% and a net margin of 6.29%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.11 billion. As a group, sell-side analysts anticipate that Chart Industries will post 9.02 earnings per share for the current year.

About Chart Industries

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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