Chart Industries, Inc. (GTLS) Receives Average Rating of “Buy” from Analysts

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.

Analyst Recommendations for Chart Industries (NASDAQ:GTLS)

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