Chart Industries, Inc. (NYSE:GTLS) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Chart Industries, Inc. (NYSE:GTLS) have been given a consensus rating of “Moderate Buy” by the thirteen brokerages that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $194.85.

Several analysts recently issued reports on GTLS shares. Morgan Stanley started coverage on shares of Chart Industries in a research report on Thursday, April 18th. They issued an “equal weight” rating and a $200.00 price target for the company. TD Cowen lifted their price target on shares of Chart Industries from $230.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. UBS Group raised shares of Chart Industries from a “neutral” rating to a “buy” rating and lifted their price target for the company from $152.00 to $170.00 in a research report on Tuesday, March 19th. Raymond James raised shares of Chart Industries from an “outperform” rating to a “strong-buy” rating and set a $190.00 price target for the company in a research report on Thursday, January 4th. Finally, Wells Fargo & Company lifted their price target on shares of Chart Industries from $155.00 to $172.00 and gave the company an “overweight” rating in a research report on Friday, March 1st.

Institutional Investors Weigh In On Chart Industries

A number of hedge funds have recently made changes to their positions in GTLS. SG Americas Securities LLC raised its stake in shares of Chart Industries by 986.8% during the 3rd quarter. SG Americas Securities LLC now owns 13,476 shares of the industrial products company’s stock worth $2,279,000 after purchasing an additional 12,236 shares during the period. Richelieu Gestion SA bought a new stake in Chart Industries in the 3rd quarter valued at about $211,000. Handelsbanken Fonder AB raised its stake in Chart Industries by 16.9% in the 3rd quarter. Handelsbanken Fonder AB now owns 8,234 shares of the industrial products company’s stock valued at $1,393,000 after acquiring an additional 1,190 shares during the period. Moisand Fitzgerald Tamayo LLC raised its stake in Chart Industries by 645.2% in the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 231 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 200 shares during the period. Finally, Linden Thomas Advisory Services LLC bought a new stake in Chart Industries in the 3rd quarter valued at about $581,000.

Chart Industries Stock Performance

NYSE:GTLS opened at $150.00 on Tuesday. The company has a fifty day moving average of $148.43 and a 200-day moving average of $136.49. The firm has a market capitalization of $6.31 billion, a P/E ratio of 394.74, a P/E/G ratio of 0.42 and a beta of 1.70. 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 twelve month low of $106.66 and a twelve month high of $184.65.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Wednesday, February 28th. The industrial products company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.12. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.09 billion. Chart Industries had a net margin of 1.00% and a return on equity of 9.27%. Chart Industries’s revenue for the quarter was up 130.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.67 EPS. As a group, sell-side analysts anticipate that Chart Industries will post 11.98 EPS for the current 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.