Shares of Chart Industries, Inc. (NASDAQ:GTLS) have received a consensus recommendation of “Hold” from the ten brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $75.25.
GTLS has been the subject of a number of recent analyst reports. BidaskClub downgraded shares of Chart Industries from a “hold” rating to a “sell” rating in a research report on Monday, October 15th. Zacks Investment Research downgraded shares of Chart Industries from a “buy” rating to a “hold” rating in a research report on Thursday, October 4th.
A number of institutional investors have recently modified their holdings of GTLS. C M Bidwell & Associates Ltd. purchased a new position in Chart Industries in the third quarter valued at about $127,000. Quantbot Technologies LP purchased a new position in Chart Industries in the third quarter valued at about $134,000. First Mercantile Trust Co. purchased a new position in Chart Industries in the second quarter valued at about $204,000. Greenwood Capital Associates LLC purchased a new position in Chart Industries in the second quarter valued at about $214,000. Finally, Thompson Siegel & Walmsley LLC purchased a new position in Chart Industries in the second quarter valued at about $216,000.
Chart Industries (NASDAQ:GTLS) last announced its quarterly earnings data on Thursday, October 18th. The industrial products company reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.19. The firm had revenue of $272.20 million during the quarter, compared to the consensus estimate of $314.52 million. Chart Industries had a net margin of 5.69% and a return on equity of 8.31%. The firm’s revenue was up 34.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.22 earnings per share. On average, sell-side analysts anticipate that Chart Industries will post 2.03 earnings per share for the current fiscal year.
Chart Industries Company Profile
Chart Industries, Inc manufactures and sells engineered equipment, packaged solutions, and value-add services for the industrial gas, energy, and biomedical industries worldwide. It operates in three segments: Energy & Chemicals (E&C), Distribution & Storage (D&S), and BioMedical. The E&C segment primarily provides brazed aluminum heat exchangers, Core-in-Kettle heat exchangers, air cooled heat exchangers, cold boxes, and process systems, as well as axial cooling fans for power, heating, ventilation, air conditioning, and refining end user applications.
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