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

Shares of Chart Industries, Inc. (NYSE:GTLS) have been assigned a consensus rating of “Moderate Buy” from the fourteen analysts that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $191.54.

Several analysts have recently issued reports on the stock. Craig Hallum increased their price target on shares of Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Raymond James reissued a “strong-buy” rating and set a $190.00 price target on shares of Chart Industries in a research report on Monday, December 2nd. Citigroup increased their price target on shares of Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. BTIG Research raised their target price on shares of Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, December 16th. Finally, The Goldman Sachs Group raised their target price on shares of Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a report on Friday, December 20th.

Institutional Investors Weigh In On Chart Industries

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Archford Capital Strategies LLC raised its holdings in Chart Industries by 2.2% during the fourth quarter. Archford Capital Strategies LLC now owns 2,269 shares of the industrial products company’s stock worth $433,000 after purchasing an additional 48 shares in the last quarter. First Manhattan CO. LLC. grew its position in Chart Industries by 3.1% during the fourth quarter. First Manhattan CO. LLC. now owns 1,779 shares of the industrial products company’s stock worth $340,000 after buying an additional 54 shares during the period. MML Investors Services LLC grew its position in Chart Industries by 3.3% during the third quarter. MML Investors Services LLC now owns 1,974 shares of the industrial products company’s stock worth $245,000 after buying an additional 63 shares during the period. Assetmark Inc. grew its position in Chart Industries by 3.0% during the fourth quarter. Assetmark Inc. now owns 2,185 shares of the industrial products company’s stock worth $417,000 after buying an additional 64 shares during the period. Finally, Blue Trust Inc. grew its position in Chart Industries by 56.0% during the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock worth $35,000 after buying an additional 65 shares during the period.

Chart Industries Stock Down 4.9 %

Shares of GTLS opened at $181.86 on Monday. The stock has a market capitalization of $7.79 billion, a PE ratio of 52.71, a P/E/G ratio of 0.57 and a beta of 1.84. Chart Industries has a 1 year low of $101.60 and a 1 year high of $220.03. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. The company’s 50-day simple moving average is $200.26 and its 200-day simple moving average is $161.14.

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.