Chart Industries, Inc. (NASDAQ:GTLS) has received an average rating of “Buy” from the nineteen brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and thirteen have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $204.67.
Several equities research analysts have recently commented on GTLS shares. Morgan Stanley boosted their price objective on Chart Industries from $165.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, October 12th. Citigroup cut their price objective on Chart Industries from $210.00 to $198.00 and set a “buy” rating on the stock in a research report on Tuesday, December 21st. Credit Suisse Group cut their price objective on Chart Industries from $213.00 to $194.00 and set an “outperform” rating on the stock in a research report on Friday, October 22nd. Bank of America lowered shares of Chart Industries from a “buy” rating to a “neutral” rating and cut their target price for the stock from $207.00 to $199.00 in a research report on Monday, October 18th. They noted that the move was a valuation call. Finally, Raymond James downgraded Chart Industries from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 5th.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC lifted its stake in shares of Chart Industries by 77,936.9% in the 1st quarter. FMR LLC now owns 232,550 shares of the industrial products company’s stock worth $21,050,000 after purchasing an additional 232,252 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Chart Industries by 8.5% during the second quarter. Envestnet Asset Management Inc. now owns 11,402 shares of the industrial products company’s stock valued at $1,668,000 after buying an additional 895 shares during the last quarter. HighTower Advisors LLC raised its position in shares of Chart Industries by 1.9% during the second quarter. HighTower Advisors LLC now owns 15,509 shares of the industrial products company’s stock valued at $2,271,000 after buying an additional 293 shares during the last quarter. Duality Advisers LP bought a new stake in shares of Chart Industries during the second quarter valued at approximately $306,000. Finally, Citigroup Inc. raised its position in shares of Chart Industries by 63.9% during the second quarter. Citigroup Inc. now owns 20,628 shares of the industrial products company’s stock valued at $3,018,000 after buying an additional 8,040 shares during the last quarter.
Chart Industries (NASDAQ:GTLS) last posted its quarterly earnings data on Wednesday, October 20th. The industrial products company reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.29). The company had revenue of $328.30 million during the quarter, compared to analyst estimates of $346.10 million. Chart Industries had a return on equity of 6.25% and a net margin of 25.32%. Chart Industries’s revenue was up 20.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.63 earnings per share. On average, analysts anticipate that Chart Industries will post 2.73 EPS for the current fiscal year.
About Chart Industries
Chart Industries, Inc engages in the manufacturing of engineered equipment for the industrial gas, energy, and biomedical industries. It operates through the following business segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products and Repair, Service & Leasing, and Corporate. The Cryo Tank Solutions segment supplies bulk, microbulk, and mobile equipment used in the storage, distribution, vaporization, and application of industrial gases.
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