Chart Industries, Inc. (NYSE:GTLS) Receives Average Rating of "Hold" from Analysts

Key Points

• Chart Industries, Inc. has received an average consensus rating of "Hold" from seventeen analysts, with thirteen recommending hold and four suggesting buy.
• The company's recent quarterly earnings report showed $2.59 EPS, which missed analysts' estimates of $2.62, and revenue of $1.08 billion, also below expectations.
• Chart Industries has a market cap of $8.99 billion and experienced significant changes in institutional investments, including a 19,900% increase in stake by Brooklyn Investment Group in the first quarter.

Shares of Chart Industries, Inc. (NYSE:GTLS - Get Free Report) have earned a consensus rating of "Hold" from the seventeen analysts that are currently covering the stock, MarketBeat reports. Thirteen investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $202.00.

A number of equities research analysts have weighed in on the company. Craig Hallum lowered Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 29th. Raymond James Financial reaffirmed a "market perform" rating on shares of Chart Industries in a report on Wednesday, July 30th. Hsbc Global Res raised Chart Industries to a "hold" rating in a report on Wednesday, July 30th. Seaport Res Ptn downgraded Chart Industries from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. Finally, Cowen downgraded Chart Industries from a "buy" rating to a "hold" rating in a report on Wednesday, July 30th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of GTLS. Opal Wealth Advisors LLC acquired a new position in Chart Industries during the 1st quarter valued at approximately $25,000. Global X Japan Co. Ltd. grew its stake in Chart Industries by 142.9% during the 1st quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company's stock worth $25,000 after buying an additional 100 shares during the last quarter. Allworth Financial LP grew its stake in Chart Industries by 74.5% during the 2nd quarter. Allworth Financial LP now owns 164 shares of the industrial products company's stock worth $27,000 after buying an additional 70 shares during the last quarter. Brooklyn Investment Group grew its stake in Chart Industries by 19,900.0% during the 1st quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company's stock worth $29,000 after buying an additional 199 shares during the last quarter. Finally, SVB Wealth LLC bought a new position in Chart Industries during the 1st quarter worth $30,000.

Chart Industries Price Performance

Shares of NYSE GTLS opened at $199.93 on Tuesday. Chart Industries has a fifty-two week low of $104.60 and a fifty-two week high of $220.03. The business has a 50 day moving average price of $196.21 and a two-hundred day moving average price of $166.48. The company has a quick ratio of 1.27, a current ratio of 1.55 and a debt-to-equity ratio of 1.04. The firm has a market cap of $8.99 billion, a PE ratio of 37.16, a price-to-earnings-growth ratio of 1.16 and a beta of 1.67.

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