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

Shares of Chart Industries, Inc. (NYSE:GTLS) have been assigned an average rating of “Moderate Buy” from the thirteen brokerages that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and two have assigned a strong buy 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 $188.75.

A number of research firms have recently commented on GTLS. Barclays dropped their price objective on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Wells Fargo & Company cut their price objective on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. BTIG Research boosted their price objective on shares of Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Morgan Stanley upgraded shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 target price for the company in a report on Monday, September 16th. Finally, Craig Hallum boosted their price target on shares of Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research report on Monday, November 4th.

Chart Industries Stock Performance

Shares of GTLS opened at $198.96 on Friday. Chart Industries has a 1 year low of $101.60 and a 1 year high of $204.23. The stock has a market capitalization of $8.52 billion, a PE ratio of 57.67, a PEG ratio of 1.01 and a beta of 1.86. 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 stock has a 50-day simple moving average of $177.87 and a 200-day simple moving average of $147.36.

Chart Industries (NYSE:GTLS) last issued its earnings results on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.28 EPS. On average, analysts predict that Chart Industries will post 9.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Chart Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Ashton Thomas Securities LLC acquired a new stake in Chart Industries during the 3rd quarter worth approximately $34,000. UMB Bank n.a. raised its stake 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 worth $39,000 after purchasing an additional 255 shares during the last quarter. Ecofi Investissements SA acquired a new stake in shares of Chart Industries during the second quarter worth $50,000. Mendota Financial Group LLC grew its position in Chart Industries by 46.2% in the 3rd quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock valued at $80,000 after buying an additional 203 shares during the last quarter. Finally, nVerses Capital LLC purchased a new position in Chart Industries in the 3rd quarter valued at $87,000.

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.