Brokerages Set Chart Industries, Inc. (NYSE:GTLS) PT at $201.80

Shares of Chart Industries, Inc. (NYSE:GTLS) have been given a consensus recommendation of “Reduce” by the thirteen analysts that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and eleven have assigned a hold recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $201.80.

Several analysts recently issued reports on GTLS shares. Zacks Research downgraded Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a research report on Friday, March 27th. Finally, Wall Street Zen downgraded shares of Chart Industries from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th.

Institutional Trading of Chart Industries

Large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in Chart Industries by 95.9% in the third 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 in the last quarter. Torren Management LLC purchased a new stake in shares of Chart Industries during the fourth quarter worth about $30,000. Los Angeles Capital Management LLC purchased a new stake in shares of Chart Industries during the fourth quarter worth about $40,000. MCF Advisors LLC purchased a new stake in shares of Chart Industries during the fourth quarter worth about $41,000. Finally, Clearstead Advisors LLC increased its position in shares of Chart Industries by 243.3% during the third quarter. Clearstead Advisors LLC now owns 230 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 163 shares during the last quarter.

Chart Industries Stock Down 0.0%

Shares of NYSE GTLS opened at $206.44 on Friday. Chart Industries has a 12-month low of $140.50 and a 12-month high of $208.76. The company has a market cap of $9.88 billion, a P/E ratio of 794.03, a P/E/G ratio of 1.22 and a beta of 1.53. The company has a current ratio of 1.53, a quick ratio of 1.21 and a debt-to-equity ratio of 1.15. The stock has a fifty day moving average price of $207.58 and a 200 day moving average price of $206.90.

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.