Chart Industries, Inc. (NYSE:GTLS) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Chart Industries, Inc. (NYSE:GTLS - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the thirteen brokerages that are currently covering the company, Marketbeat reports. Three equities research 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 twelve-month price target among analysts that have issued a report on the stock in the last year is $198.17.

A number of research firms have recently weighed in on GTLS. Wells Fargo & Company cut their price target on Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 1st. The Goldman Sachs Group reduced their target price on Chart Industries from $197.00 to $173.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Citigroup boosted their target price on Chart Industries from $190.00 to $225.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. TD Cowen cut their price target on shares of Chart Industries from $210.00 to $205.00 and set a "buy" rating on the stock in a research report on Friday. Finally, Barclays boosted their price objective on shares of Chart Industries from $160.00 to $171.00 and gave the company an "equal weight" rating in a report on Monday.

Chart Industries Price Performance

GTLS traded down $2.39 during midday trading on Friday, hitting $154.35. The company had a trading volume of 439,682 shares, compared to its average volume of 710,395. Chart Industries has a twelve month low of $101.60 and a twelve month high of $220.03. The company has a market capitalization of $6.94 billion, a PE ratio of 44.74, a P/E/G ratio of 0.57 and a beta of 1.68. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. The firm's 50-day simple moving average is $142.39 and its 200-day simple moving average is $170.05.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.02. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the firm earned $1.49 EPS. The company's revenue for the quarter was up 38.8% on a year-over-year basis. Equities research analysts predict that Chart Industries will post 9.02 EPS for the current fiscal year.

Insider Activity at Chart Industries

In related news, CEO Jillian C. Evanko acquired 350 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of $150.35 per share, with a total value of $52,622.50. Following the acquisition, the chief executive officer now owns 137,666 shares in the company, valued at $20,698,083.10. This represents a 0.25 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Gerald F. Vinci bought 175 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average price of $147.89 per share, for a total transaction of $25,880.75. Following the completion of the acquisition, the vice president now owns 475 shares of the company's stock, valued at $70,247.75. The trade was a 58.33 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 1,109 shares of company stock valued at $160,845. Corporate insiders own 0.99% of the company's stock.

Institutional Investors Weigh In On Chart Industries

Several hedge funds have recently bought and sold shares of GTLS. Capital Analysts LLC acquired a new stake in shares of Chart Industries in the fourth quarter valued at approximately $25,000. Opal Wealth Advisors LLC bought a new stake in Chart Industries in the 1st quarter valued at $25,000. Global X Japan Co. Ltd. lifted its holdings 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 valued at $25,000 after purchasing an additional 100 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Chart Industries by 129.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock worth $31,000 after purchasing an additional 92 shares during the period. Finally, Fairway Wealth LLC acquired a new position in shares of Chart Industries in the fourth quarter valued at $34,000.

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.