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

Shares of Chart Industries, Inc. (NYSE:GTLS) have been given an average rating of “Moderate Buy” by the thirteen research firms that are presently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $196.21.

GTLS has been the subject of a number of research reports. Wells Fargo & Company boosted their target price on shares of Chart Industries from $155.00 to $172.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Stifel Nicolaus dropped their price target on Chart Industries from $224.00 to $220.00 and set a “buy” rating for the company in a research report on Monday, May 6th. UBS Group upgraded Chart Industries from a “neutral” rating to a “buy” rating and raised their price objective for the company from $152.00 to $170.00 in a report on Tuesday, March 19th. TD Cowen upped their target price on shares of Chart Industries from $260.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Finally, Barclays initiated coverage on shares of Chart Industries in a research report on Wednesday, May 8th. They set an “equal weight” rating and a $193.00 price target on the stock.

Institutional Investors Weigh In On Chart Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Community Trust & Investment Co. acquired a new position in shares of Chart Industries in the 1st quarter worth approximately $7,260,000. Tandem Capital Management Corp ADV raised its position in Chart Industries by 3.4% in the first quarter. Tandem Capital Management Corp ADV now owns 3,365 shares of the industrial products company’s stock valued at $554,000 after purchasing an additional 110 shares during the period. Tidal Investments LLC lifted its stake in Chart Industries by 18.1% during the first quarter. Tidal Investments LLC now owns 4,906 shares of the industrial products company’s stock worth $808,000 after purchasing an additional 752 shares in the last quarter. Motley Fool Asset Management LLC purchased a new position in shares of Chart Industries during the first quarter worth $422,000. Finally, Bayesian Capital Management LP grew its stake in shares of Chart Industries by 407.4% in the first quarter. Bayesian Capital Management LP now owns 11,583 shares of the industrial products company’s stock valued at $1,908,000 after buying an additional 9,300 shares in the last quarter.

Chart Industries Price Performance

NYSE:GTLS opened at $150.72 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.29. Chart Industries has a 52 week low of $106.66 and a 52 week high of $184.65. The stock’s 50-day moving average price is $154.50 and its 200-day moving average price is $138.19. The stock has a market capitalization of $6.45 billion, a PE ratio of 150.72, a price-to-earnings-growth ratio of 0.44 and a beta of 1.73.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings data on Friday, May 3rd. The industrial products company reported $1.49 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.39). The business had revenue of $950.70 million during the quarter, compared to analyst estimates of $970.91 million. Chart Industries had a net margin of 1.59% and a return on equity of 9.49%. The firm’s revenue for the quarter was up 76.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.41 earnings per share. As a group, equities analysts expect that Chart Industries will post 11.94 EPS for the current fiscal year.

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.