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

Shares of Chart Industries, Inc. (NYSE:GTLS - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the twelve analysts that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $194.42.

A number of equities analysts have recently commented on GTLS shares. Wells Fargo & Company raised their price objective on shares of Chart Industries from $155.00 to $172.00 and gave the stock an "overweight" rating in a report on Friday, March 1st. Raymond James upgraded shares of Chart Industries from an "outperform" rating to a "strong-buy" rating and set a $190.00 target price for the company in a research report on Thursday, January 4th. TD Cowen increased their target price on shares of Chart Industries from $230.00 to $260.00 and gave the stock an "outperform" rating in a research report on Thursday, February 29th. Finally, UBS Group upgraded shares of Chart Industries from a "neutral" rating to a "buy" rating and increased their target price for the stock from $152.00 to $170.00 in a research report on Tuesday, March 19th.

Chart Industries Stock Performance

Chart Industries stock traded down $0.59 during mid-day trading on Friday, reaching $164.72. The company had a trading volume of 540,250 shares, compared to its average volume of 538,801. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 1.22. Chart Industries has a 52 week low of $105.89 and a 52 week high of $184.65. The company has a 50 day moving average of $134.97 and a 200-day moving average of $138.38. The firm has a market cap of $6.96 billion, a price-to-earnings ratio of 433.58, a PEG ratio of 0.47 and a beta of 1.69.

Chart Industries (NYSE:GTLS - Get Free Report) last released its quarterly earnings data on Wednesday, February 28th. The industrial products company reported $2.25 EPS for the quarter, topping analysts' consensus estimates of $2.13 by $0.12. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.09 billion. Chart Industries had a net margin of 1.00% and a return on equity of 9.27%. The firm's revenue for the quarter was up 130.0% compared to the same quarter last year. During the same period last year, the firm earned $1.67 EPS. On average, sell-side analysts expect that Chart Industries will post 11.63 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GTLS. Advisor Group Holdings Inc. lifted its stake in Chart Industries by 32.7% in the first quarter. Advisor Group Holdings Inc. now owns 1,156 shares of the industrial products company's stock valued at $200,000 after buying an additional 285 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Chart Industries by 70.8% in the first quarter. JPMorgan Chase & Co. now owns 85,635 shares of the industrial products company's stock worth $14,709,000 after purchasing an additional 35,500 shares in the last quarter. Blair William & Co. IL lifted its position in shares of Chart Industries by 11.4% in the first quarter. Blair William & Co. IL now owns 2,484 shares of the industrial products company's stock worth $427,000 after purchasing an additional 255 shares in the last quarter. Sei Investments Co. lifted its position in shares of Chart Industries by 7.8% in the first quarter. Sei Investments Co. now owns 31,481 shares of the industrial products company's stock worth $5,401,000 after purchasing an additional 2,280 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its position in shares of Chart Industries by 60.0% in the first quarter. Baird Financial Group Inc. now owns 28,427 shares of the industrial products company's stock worth $4,883,000 after purchasing an additional 10,664 shares in the last quarter.

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.