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

Key Points

• Chart Industries, Inc. has received an average rating of "Hold" from 17 research firms, with 14 analysts recommending holding the stock and 3 recommending a buy.
• The current average 12-month price target for Chart Industries is approximately $204.85, indicating a potential upside from its current trading price.
• Chart Industries reported earnings of $2.59 per share for the last quarter, missing analysts' expectations, while generating revenues of $1.08 billion.

Shares of Chart Industries, Inc. (NYSE:GTLS - Get Free Report) have earned an average recommendation of "Hold" from the seventeen research firms that are presently covering the firm, Marketbeat.com reports. Fourteen research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $204.8462.

GTLS has been the topic of a number of recent research reports. Hsbc Global Res raised Chart Industries to a "hold" rating in a research report on Wednesday, July 30th. BTIG Research cut Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Cowen cut Chart Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Lake Street Capital cut Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 price target for the company. in a research note on Wednesday, July 30th. Finally, Citigroup cut Chart Industries from a "buy" rating to a "hold" rating in a research note on Friday, September 5th.

Institutional Investors Weigh In On Chart Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP raised its stake in Chart Industries by 74.5% in the second quarter. Allworth Financial LP now owns 164 shares of the industrial products company's stock valued at $27,000 after buying an additional 70 shares during the last quarter. Bessemer Group Inc. raised its stake in Chart Industries by 93.0% in the second quarter. Bessemer Group Inc. now owns 193 shares of the industrial products company's stock valued at $32,000 after buying an additional 93 shares during the last quarter. Brooklyn Investment Group raised its stake in Chart Industries by 19,900.0% in the first quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company's stock valued at $29,000 after buying an additional 199 shares during the last quarter. Toth Financial Advisory Corp purchased a new position in shares of Chart Industries in the second quarter worth about $33,000. Finally, SVB Wealth LLC purchased a new position in shares of Chart Industries in the first quarter worth about $30,000.

Chart Industries Price Performance

Shares of GTLS stock opened at $199.53 on Friday. Chart Industries has a 1-year low of $104.60 and a 1-year high of $220.03. The stock's 50-day moving average is $199.47 and its 200 day moving average is $173.40. The company has a market cap of $8.97 billion, a P/E ratio of 37.09, a PEG ratio of 1.15 and a beta of 1.71. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.55 and a quick ratio of 1.27.

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 company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.11 billion. Research analysts predict that Chart Industries will post 9.02 earnings per share for the current fiscal 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.

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