Chart Industries (NYSE:GTLS) Raised to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Chart Industries to a "Hold", and the broker consensus remains a "Hold" overall (2 Buys, 13 Holds, 1 Sell) with an average target price of $203.67.
• In the most recent quarter Chart missed expectations, reporting $2.51 EPS vs. $3.48 expected and revenue of $1.08B vs. $1.23B expected, with revenue down 2.5% year-over-year and a net margin of 0.95%.
• Shares trade around $207 with a market cap of about $9.91B and an unusually high P/E ratio of 796.26, while the 12‑month range is $104.60–$208.24.

Chart Industries (NYSE:GTLS - Get Free Report) was upgraded by equities research analysts at Wall Street Zen to a "hold" rating in a report issued on Saturday.

A number of other equities research analysts have also commented on GTLS. Zacks Research lowered shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 13th. Weiss Ratings reissued a "sell (d+)" rating on shares of Chart Industries in a research note on Friday, March 27th. Two investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $203.67.

Chart Industries Price Performance

Shares of GTLS stock opened at $207.02 on Friday. The company has a market cap of $9.91 billion, a P/E ratio of 796.26, a P/E/G ratio of 0.81 and a beta of 1.70. The company has a quick ratio of 1.09, a current ratio of 1.36 and a debt-to-equity ratio of 1.06. The business has a fifty day simple moving average of $207.12 and a 200 day simple moving average of $204.52. Chart Industries has a twelve month low of $104.60 and a twelve month high of $208.24.

Chart Industries (NYSE:GTLS - Get Free Report) last posted its earnings results on Friday, February 27th. The industrial products company reported $2.51 EPS for the quarter, missing the consensus estimate of $3.48 by ($0.97). The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.23 billion. Chart Industries had a net margin of 0.95% and a return on equity of 13.55%. Chart Industries's revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.66 earnings per share. On average, sell-side analysts forecast that Chart Industries will post 9.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Chart Industries

Several institutional investors have recently added to or reduced their stakes in GTLS. United Community Bank grew its position in shares of Chart Industries by 364.5% during the 3rd quarter. United Community Bank now owns 144 shares of the industrial products company's stock worth $29,000 after buying an additional 113 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Chart Industries by 95.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 71 shares during the period. Torren Management LLC acquired a new position in shares of Chart Industries during the 4th quarter valued at $30,000. Los Angeles Capital Management LLC bought a new position in Chart Industries during the fourth quarter worth $40,000. Finally, MCF Advisors LLC acquired a new stake in Chart Industries in the fourth quarter worth $41,000.

About Chart Industries

Chart Industries, Inc NYSE: GTLS is a leading global manufacturer of engineered equipment for the storage, distribution and end-use of hydrocarbon and industrial gases. The company specializes in cryogenic systems and components, serving key markets such as energy, chemical processing, industrial gas, food and beverage, and medical gases. Chart's product portfolio includes large-scale cryogenic storage tanks, vaporizers, heat exchangers and pump systems designed to maintain gases in liquid and gaseous states under extreme conditions.

Founded in 1992 and headquartered in Ball Ground, Georgia, Chart Industries has evolved through targeted acquisitions and organic growth to expand its technological capabilities and geographic reach.

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