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

Shares of Chart Industries, Inc. (NYSE:GTLS) have been assigned an average rating of “Moderate Buy” from the thirteen research firms that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $188.75.

A number of research firms have weighed in on GTLS. BTIG Research boosted their price objective on Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Stifel Nicolaus boosted their price target on shares of Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research report on Tuesday, December 31st. Morgan Stanley raised shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective for the company in a report on Monday, September 16th. Barclays reduced their target price on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Finally, Bank of America dropped their price target on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Monday, October 14th.

Institutional Investors Weigh In On Chart Industries

Institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in Chart Industries by 504.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 463,466 shares of the industrial products company’s stock valued at $66,896,000 after acquiring an additional 386,821 shares during the period. Point72 Asset Management L.P. lifted its position in shares of Chart Industries by 323.0% during the second quarter. Point72 Asset Management L.P. now owns 416,150 shares of the industrial products company’s stock worth $60,067,000 after purchasing an additional 317,775 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Chart Industries by 90.9% in the third quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock valued at $68,461,000 after purchasing an additional 262,592 shares during the period. Driehaus Capital Management LLC grew its holdings in shares of Chart Industries by 385.3% in the second quarter. Driehaus Capital Management LLC now owns 197,197 shares of the industrial products company’s stock valued at $28,463,000 after purchasing an additional 156,562 shares in the last quarter. Finally, Primecap Management Co. CA acquired a new position in shares of Chart Industries in the second quarter valued at approximately $14,333,000.

Chart Industries Price Performance

Shares of NYSE GTLS opened at $198.96 on Friday. The firm has a 50-day simple moving average of $177.87 and a 200-day simple moving average of $147.36. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $8.52 billion, a price-to-earnings ratio of 57.67, a price-to-earnings-growth ratio of 1.01 and a beta of 1.86. Chart Industries has a 52 week low of $101.60 and a 52 week high of $204.23.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the company posted $1.28 EPS. The firm’s revenue was up 18.3% on a year-over-year basis. On average, equities analysts predict that Chart Industries will post 9.03 earnings per share for the current fiscal year.

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.