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

Chart Industries, Inc. (NYSE:GTLS) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $188.75.

A number of brokerages recently commented on GTLS. Wells Fargo & Company decreased their target price on Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Stifel Nicolaus raised their target price on shares of Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Raymond James reiterated a “strong-buy” rating and set a $190.00 price target on shares of Chart Industries in a research report on Monday, December 2nd. Barclays lowered their price objective on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Finally, Bank of America reduced their target price on Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, October 14th.

Institutional Trading of Chart Industries

Institutional investors have recently bought and sold shares of the company. Blue Trust Inc. increased its position in shares of Chart Industries by 56.0% during the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 65 shares in the last quarter. Spire Wealth Management increased its holdings in shares of Chart Industries by 183.8% in the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 125 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Chart Industries in the third quarter worth $34,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Chart Industries in the fourth quarter worth $56,000. Finally, UMB Bank n.a. lifted its holdings in shares of Chart Industries by 418.0% during the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 255 shares in the last quarter.

Chart Industries Trading Down 0.0 %

NYSE:GTLS opened at $205.68 on Thursday. The firm has a market capitalization of $8.80 billion, a P/E ratio of 59.62, a P/E/G ratio of 0.64 and a beta of 1.84. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The company has a fifty day moving average of $197.66 and a 200 day moving average of $155.52. Chart Industries has a 52 week low of $101.60 and a 52 week high of $220.03.

Chart Industries (NYSE:GTLS) last posted its earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the company posted $1.28 earnings per share. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. On average, research analysts predict that Chart Industries will post 9.02 earnings per share for the current year.

Chart Industries Company Profile

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.