Chart Industries, Inc. (NASDAQ:GTLS) has been given a consensus recommendation of “Buy” by the eleven analysts that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $62.00.
A number of equities analysts recently commented on the company. Northcoast Research set a $71.00 price objective on Chart Industries and gave the stock a “buy” rating in a report on Monday, April 23rd. ValuEngine upgraded Chart Industries from a “hold” rating to a “buy” rating in a report on Friday, April 6th. Lake Street Capital restated a “buy” rating and issued a $71.00 price objective (up previously from $64.00) on shares of Chart Industries in a report on Thursday, April 19th. Seaport Global Securities restated a “buy” rating and issued a $70.00 price objective on shares of Chart Industries in a report on Friday, April 20th. Finally, Alembic Global Advisors restated a “hold” rating on shares of Chart Industries in a report on Thursday, March 8th.
Shares of Chart Industries traded up $0.73, reaching $62.98, during trading hours on Thursday, according to MarketBeat. The company’s stock had a trading volume of 469,400 shares, compared to its average volume of 294,211. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 65.60, a P/E/G ratio of 1.21 and a beta of 1.07. Chart Industries has a 1-year low of $61.29 and a 1-year high of $62.15. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.70 and a quick ratio of 1.12.
Chart Industries (NASDAQ:GTLS) last released its quarterly earnings data on Thursday, April 19th. The industrial products company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. Chart Industries had a return on equity of 5.20% and a net margin of 3.46%. The firm had revenue of $279.70 million for the quarter, compared to the consensus estimate of $263.34 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. The firm’s revenue was up 37.0% on a year-over-year basis. equities research analysts expect that Chart Industries will post 1.89 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the business. Legal & General Group Plc boosted its position in Chart Industries by 2.2% during the first quarter. Legal & General Group Plc now owns 64,435 shares of the industrial products company’s stock worth $3,784,000 after purchasing an additional 1,414 shares during the period. Millennium Management LLC boosted its position in Chart Industries by 315.5% during the first quarter. Millennium Management LLC now owns 21,754 shares of the industrial products company’s stock worth $1,284,000 after purchasing an additional 16,519 shares during the period. Barclays PLC boosted its position in Chart Industries by 66.2% during the first quarter. Barclays PLC now owns 51,038 shares of the industrial products company’s stock worth $3,012,000 after purchasing an additional 20,335 shares during the period. Carillon Tower Advisers Inc. boosted its position in Chart Industries by 6.3% during the first quarter. Carillon Tower Advisers Inc. now owns 1,189,196 shares of the industrial products company’s stock worth $68,307,000 after purchasing an additional 70,707 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Chart Industries by 3.4% during the first quarter. Principal Financial Group Inc. now owns 246,903 shares of the industrial products company’s stock worth $14,575,000 after purchasing an additional 8,190 shares during the period. 94.85% of the stock is owned by hedge funds and other institutional investors.
Chart Industries Company Profile
Chart Industries, Inc manufactures and sells engineered equipment, packaged solutions, and value-add services for the industrial gas, energy, and biomedical industries worldwide. It operates in three segments: Energy & Chemicals (E&C), Distribution & Storage (D&S), and BioMedical. The E&C segment primarily provides brazed aluminum heat exchangers, Core-in-Kettle heat exchangers, air cooled heat exchangers, cold boxes, and process systems, as well as axial cooling fans for power, heating, ventilation, air conditioning, and refining end user applications.
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