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

Chart Industries, Inc. (NYSE:GTLS) has been assigned an average recommendation of “Moderate Buy” from the thirteen research firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $188.75.

Several equities analysts have recently weighed in on GTLS shares. Stifel Nicolaus increased their price objective on shares of Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research note on Tuesday, December 31st. Craig Hallum lifted their price target on shares of Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. The Goldman Sachs Group upped their price objective on Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Raymond James reiterated a “strong-buy” rating and set a $190.00 target price on shares of Chart Industries in a research report on Monday, December 2nd. Finally, Barclays reduced their price target on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th.

Chart Industries Price Performance

Shares of GTLS opened at $205.68 on Thursday. The firm has a fifty day simple moving average of $197.66 and a two-hundred day simple moving average of $155.52. The firm has a market cap of $8.80 billion, a PE ratio of 59.62, a P/E/G ratio of 0.64 and a beta of 1.84. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. Chart Industries has a 1-year low of $101.60 and a 1-year high of $220.03.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.56 by ($0.38). The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business’s revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.28 EPS. On average, equities analysts anticipate that Chart Industries will post 9.02 EPS for the current year.

Institutional Investors Weigh In On Chart Industries

A number of institutional investors have recently added to or reduced their stakes in GTLS. Blue Trust Inc. lifted its holdings in shares of Chart Industries by 56.0% in the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock worth $35,000 after buying an additional 65 shares in the last quarter. Spire Wealth Management increased its holdings in Chart Industries by 183.8% in the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 125 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Chart Industries during the 3rd quarter valued at about $34,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Chart Industries during the fourth quarter valued at about $56,000. Finally, UMB Bank n.a. increased its holdings in shares of Chart Industries by 418.0% in the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 255 shares during the last quarter.

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.