Chart Industries, Inc. (NASDAQ:GTLS) has received a consensus rating of “Hold” from the ten analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $41.00.
A number of equities research analysts have commented on the company. Johnson Rice upgraded Chart Industries from a “hold” rating to a “buy” rating and raised their price objective for the stock from $40.00 to $42.00 in a research report on Thursday, June 29th. Zacks Investment Research lowered Chart Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th.
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Several large investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue raised its stake in shares of Chart Industries by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 3,390 shares of the industrial products company’s stock valued at $118,000 after buying an additional 80 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Chart Industries by 29.1% in the first quarter. SG Americas Securities LLC now owns 4,665 shares of the industrial products company’s stock valued at $163,000 after buying an additional 1,052 shares in the last quarter. Invictus RG purchased a new stake in shares of Chart Industries during the first quarter valued at about $180,000. Envestnet Asset Management Inc. raised its stake in shares of Chart Industries by 2.7% in the first quarter. Envestnet Asset Management Inc. now owns 6,282 shares of the industrial products company’s stock valued at $219,000 after buying an additional 168 shares in the last quarter. Finally, Mason Street Advisors LLC raised its stake in shares of Chart Industries by 7.3% in the first quarter. Mason Street Advisors LLC now owns 7,176 shares of the industrial products company’s stock valued at $251,000 after buying an additional 490 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.
Chart Industries (GTLS) traded up 1.11% on Friday, reaching $35.60. 92,691 shares of the company’s stock were exchanged. The stock has a market capitalization of $1.09 billion, a P/E ratio of 36.78 and a beta of 1.28. Chart Industries has a 1-year low of $23.78 and a 1-year high of $40.87. The firm’s 50 day moving average is $34.80 and its 200 day moving average is $36.12.
Chart Industries (NASDAQ:GTLS) last announced its quarterly earnings data on Thursday, April 27th. The industrial products company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.01. Chart Industries had a return on equity of 5.56% and a net margin of 3.45%. The business had revenue of $204.10 million for the quarter, compared to analyst estimates of $198.57 million. During the same quarter in the previous year, the business posted ($0.08) earnings per share. The company’s revenue was up 5.3% compared to the same quarter last year. Analysts expect that Chart Industries will post $0.75 EPS for the current year.
Chart Industries Company Profile
Chart Industries, Inc is a diversified global manufacturer of engineered equipment, packaged solutions, and value-add services used throughout the industrial gas, energy and biomedical industries. The Company operates through three business segments: Energy & Chemicals (E&C), Distribution & Storage (D&S) and BioMedical.
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