Chart Industries (NASDAQ:GTLS) Lifted to Hold at BidaskClub

BidaskClub upgraded shares of Chart Industries (NASDAQ:GTLS) from a sell rating to a hold rating in a research note issued to investors on Wednesday morning, BidAskClub reports.

Several other equities research analysts have also recently commented on the company. Credit Suisse Group assumed coverage on Chart Industries in a research report on Tuesday, August 13th. They set an outperform rating and a $83.00 price objective on the stock. Morgan Stanley increased their price objective on Chart Industries from $90.00 to $100.00 and gave the company an overweight rating in a research report on Tuesday, July 23rd. Zacks Investment Research raised Chart Industries from a hold rating to a buy rating and set a $68.00 price objective on the stock in a research report on Thursday, September 5th. Raymond James raised Chart Industries from a market perform rating to an outperform rating and set a $72.00 price objective on the stock in a research report on Tuesday, August 13th. Finally, ValuEngine raised Chart Industries from a sell rating to a hold rating in a research report on Wednesday, September 11th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Chart Industries presently has an average rating of Buy and an average target price of $82.59.

NASDAQ GTLS opened at $65.76 on Wednesday. Chart Industries has a 12 month low of $57.88 and a 12 month high of $95.66. The stock has a market cap of $2.40 billion, a P/E ratio of 27.69 and a beta of 1.20. The stock’s fifty day moving average price is $64.36 and its 200-day moving average price is $77.55. The company has a current ratio of 2.00, a quick ratio of 1.36 and a debt-to-equity ratio of 0.25.

Chart Industries (NASDAQ:GTLS) last released its earnings results on Thursday, July 18th. The industrial products company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. Chart Industries had a return on equity of 8.67% and a net margin of 7.34%. The firm had revenue of $309.60 million for the quarter, compared to analysts’ expectations of $322.35 million. During the same period in the prior year, the firm posted $0.48 earnings per share. The company’s quarterly revenue was up 11.4% on a year-over-year basis. As a group, analysts forecast that Chart Industries will post 3.01 earnings per share for the current fiscal year.

In other Chart Industries news, Director Carey Chen acquired 3,403 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were bought at an average cost of $59.73 per share, with a total value of $203,261.19. Following the completion of the transaction, the director now directly owns 5,500 shares of the company’s stock, valued at approximately $328,515. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.28% of the company’s stock.

A number of large investors have recently made changes to their positions in GTLS. Geode Capital Management LLC boosted its position in Chart Industries by 8.7% in the fourth quarter. Geode Capital Management LLC now owns 351,182 shares of the industrial products company’s stock worth $22,837,000 after purchasing an additional 27,985 shares during the last quarter. California Public Employees Retirement System boosted its position in Chart Industries by 2.6% in the first quarter. California Public Employees Retirement System now owns 69,755 shares of the industrial products company’s stock worth $6,314,000 after purchasing an additional 1,750 shares during the last quarter. CIBC Asset Management Inc purchased a new position in Chart Industries in the first quarter worth about $262,000. Raymond James & Associates boosted its position in Chart Industries by 5.3% in the first quarter. Raymond James & Associates now owns 26,154 shares of the industrial products company’s stock worth $2,367,000 after purchasing an additional 1,310 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Chart Industries by 1.3% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,844 shares of the industrial products company’s stock worth $982,000 after purchasing an additional 144 shares during the last quarter.

About Chart Industries

Chart Industries, Inc manufactures and sells engineered equipment and packaged solutions; and provides value-add services for the energy and industrial gas industries worldwide. It operates through three segments: Energy & Chemicals, Distribution & Storage Western Hemisphere, and Distribution & Storage Eastern Hemisphere segments.

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Analyst Recommendations for Chart Industries (NASDAQ:GTLS)

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