Chart Industries (NYSE:GTLS) Upgraded by Evercore ISI to “Strong-Buy”

Evercore ISI upgraded shares of Chart Industries (NYSE:GTLS) to a strong-buy rating in a research report released on Monday, Zacks.com reports.

A number of other equities analysts have also commented on GTLS. The Goldman Sachs Group increased their price target on Chart Industries from $150.00 to $168.00 and gave the company a neutral rating in a research note on Tuesday, May 28th. Barclays reduced their price target on Chart Industries from $193.00 to $147.00 and set an equal weight rating on the stock in a report on Tuesday. Piper Sandler raised their price objective on Chart Industries from $151.00 to $160.00 and gave the stock a neutral rating in a report on Monday, May 6th. Bank of America increased their target price on Chart Industries from $180.00 to $185.00 and gave the company a buy rating in a research report on Monday, July 15th. Finally, Wells Fargo & Company dropped their target price on Chart Industries from $179.00 to $151.00 and set an overweight rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Chart Industries presently has an average rating of Moderate Buy and an average price target of $189.31.

Chart Industries Stock Performance

Shares of GTLS opened at $119.27 on Monday. The firm has a market capitalization of $5.10 billion, a P/E ratio of 119.27, a PEG ratio of 0.44 and a beta of 1.74. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.25 and a quick ratio of 0.95. The business has a fifty day moving average of $147.00 and a 200 day moving average of $145.12. Chart Industries has a one year low of $109.48 and a one year high of $184.65.

Chart Industries (NYSE:GTLS) last released its earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.57 by ($0.39). The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Chart Industries had a net margin of 1.59% and a return on equity of 9.49%. Chart Industries’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.19 earnings per share. As a group, sell-side analysts anticipate that Chart Industries will post 11.56 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC acquired a new position in Chart Industries in the first quarter valued at approximately $30,000. Spire Wealth Management lifted its holdings in Chart Industries by 141.0% in the first quarter. Spire Wealth Management now owns 200 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 117 shares during the last quarter. Cape Investment Advisory Inc. acquired a new position in Chart Industries in the fourth quarter valued at approximately $33,000. Rise Advisors LLC lifted its holdings in Chart Industries by 905.0% in the first quarter. Rise Advisors LLC now owns 201 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 181 shares during the last quarter. Finally, Byrne Asset Management LLC acquired a new position in Chart Industries in the second quarter valued at approximately $40,000.

Chart Industries Company Profile

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.