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

Shares of Chart Industries, Inc. (NYSE:GTLS) have received an average recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong 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 $194.85.

A number of brokerages have weighed in on GTLS. Morgan Stanley began coverage on shares of Chart Industries in a research note on Thursday, April 18th. They issued an “equal weight” rating and a $200.00 price target on the stock. Raymond James raised shares of Chart Industries from an “outperform” rating to a “strong-buy” rating and set a $190.00 price target on the stock in a research note on Thursday, January 4th. TD Cowen lifted their price target on shares of Chart Industries from $230.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. Wells Fargo & Company lifted their price target on shares of Chart Industries from $155.00 to $172.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. Finally, UBS Group raised shares of Chart Industries from a “neutral” rating to a “buy” rating and lifted their price target for the company from $152.00 to $170.00 in a research note on Tuesday, March 19th.

Institutional Trading of Chart Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nordea Investment Management AB raised its position in Chart Industries by 5.5% during the fourth quarter. Nordea Investment Management AB now owns 1,948,174 shares of the industrial products company’s stock worth $268,088,000 after acquiring an additional 101,404 shares in the last quarter. Vontobel Holding Ltd. raised its position in Chart Industries by 10.4% during the fourth quarter. Vontobel Holding Ltd. now owns 139,774 shares of the industrial products company’s stock worth $19,055,000 after acquiring an additional 13,155 shares in the last quarter. Asset Management One Co. Ltd. bought a new stake in Chart Industries during the fourth quarter worth $1,366,000. Peregrine Capital Management LLC raised its position in Chart Industries by 13.0% during the fourth quarter. Peregrine Capital Management LLC now owns 77,666 shares of the industrial products company’s stock worth $10,588,000 after acquiring an additional 8,938 shares in the last quarter. Finally, Readystate Asset Management LP raised its position in Chart Industries by 94.5% during the fourth quarter. Readystate Asset Management LP now owns 23,605 shares of the industrial products company’s stock worth $3,218,000 after acquiring an additional 11,471 shares in the last quarter.

Chart Industries Stock Down 1.3 %

Chart Industries stock opened at $150.00 on Tuesday. The company’s 50 day simple moving average is $148.43 and its 200 day simple moving average is $136.49. Chart Industries has a fifty-two week low of $106.66 and a fifty-two week high of $184.65. The firm has a market capitalization of $6.31 billion, a price-to-earnings ratio of 394.74, a PEG ratio of 0.42 and a beta of 1.70. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.19 and a quick ratio of 0.88.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Wednesday, February 28th. The industrial products company reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.13 by $0.12. Chart Industries had a net margin of 1.00% and a return on equity of 9.27%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the firm earned $1.67 EPS. Chart Industries’s quarterly revenue was up 130.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Chart Industries will post 11.98 EPS for the current year.

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.